About Waystone
Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion
Summary: Reporting to the Associate Director – AML Officer Services, the Senior Associate – AML Officer Services will be an integral part of the team’s success.
ESSENTIAL DUTIES AND RESPONSIBILITIES
This is a great opportunity to join a growing team to increase AML & fund knowledge by being appointed directly to a fund (predominantly alternative funds), working closely with the service providers to the fund to ensure the fund is meeting its AML obligations and attend board meetings to present the MLRO report and respond to queries.
REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
- Build a relationship with all the stakeholders of the funds (Administrator, Client, Board etc.)
- Manage daily, weekly, monthly and annual deadlines applicable to the fund
- Ensure the compilation and delivery of quarterly and annual reports to client fund board by the team
- Provide support to the AML Officer Services Manager
- Assist in the maintenance and updating of team policies and procedures in response to changing regulations and emerging risks
- Ensure all required compliance monitoring is completed in a timely and accurate manner
- Contribute to the design and delivery of training to client boards and maintain logs and records of completion
- Assist in the preparation and submission of any regulatory filings and/or reports on behalf of Waystone’s clients to external competent authorities
- Attend board & client meetings to present on behalf of MLRO/DMLRO where needed to do so
- Develop with the view to eventually being able to act as MLRO/DMLRO and AMLCO of client’s funds
- Assist with the annual review of the Fund Administrator’s and/or Investment Manager’s Anti-Money Laundering and Anti-Terrorist Financing procedures and controls, as applicable
- Perform periodic testing to verify the Fund’s/Investment Entity’s compliance with applicable AML regulations
- Maintain the training tracker for the team
- Assist with the preparation & tracking of letters of representation from internal administrator and external administrators.
- Willingness to take on new challenges and ownership
- Collaborate within the wider Waystone group, leveraging technology and internal expertise to promote continuous improvement and to help meet annual targets
Experience:
- Approximately 3 years’ experience preferably in financial services/ fund administration with exposure to AML compliance, preferably in Hedge
- Consistent attention to detail
- Strong analytical skills
- A good understanding of AML / CFT in a number of jurisdictions, but in particular, Ireland and the Cayman Islands
- Have excellent ability to work with a number of departments in order to achieve goals while building on existing relationships
- Exceptional presenting capabilities
- Effective communication skills at all levels
Education:
- University degree preferably specialising in law, business or regulation
- Professional qualification (such as ACOI, AML qualification) desirable but not required
Skills Required
- Approximately 3 years' experience in financial services or fund administration with exposure to AML compliance (preferably hedge funds).
- Good understanding of AML/CFT regulations in multiple jurisdictions, particularly Ireland and the Cayman Islands.
- University degree, preferably in law, business or regulation.
- Strong analytical skills and consistent attention to detail.
- Effective communication and exceptional presenting capabilities to boards and clients.
- Ability to build and maintain relationships with fund stakeholders (administrator, client, board).
- Ability to manage daily, weekly, monthly and annual compliance deadlines and compile/deliver quarterly and annual reports.
- Experience performing periodic compliance testing and assisting with regulatory filings and submissions.
- Contribute to and update policies and procedures in response to changing regulations and emerging risks.
- Design and deliver AML training and maintain training records and trackers.
- Willingness to take ownership, take on new challenges, and develop to act as MLRO/DMLRO/AMLCO for client funds.
- Collaborate across the wider group and leverage technology and internal expertise to promote continuous improvement.
- Professional qualification (e.g., ACOI, AML qualification).
What We Do
Waystone is the leading provider of institutional governance, risk and compliance services to the asset management industry. Partnering institutional investors, investment funds and asset managers Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now supporting asset managers with more than US$2Tn in AUM Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence
