FSO Consulting - AML & Compliance - Senior Manager

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. 

FSO Consulting - AML & Compliance - Senior Manager – Cayman Islands

Join our Financial Services Office (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global market perspective. Aligned to key industry groups including asset management and private equity, banking and capital markets, and insurance, we provide integrated assurance, consulting, strategy & transactions, and tax services to our clients. As a market segment of the FSO, the BBC includes the Bahamas, Bermuda, British Virgin Islands, and Cayman Islands. By joining the BBC, you will receive unmatched exposure and experience to our continuously growing portfolio of diverse FSO clients.

The opportunity

We are currently seeking a highly qualified professional to be considered for the position of Senior Manager in our AML/Financial Services Risk Management (FSRM) team within our financial services consulting practice in the Cayman Islands. This is an exciting, multi-disciplinary consultancy opportunity with a primary focus on serving clients in the Insurance, Banking and Wealth & Asset Management industries.

The successful candidate for this role will work as part of a multi-disciplinary EY engagement team to assist our clients in areas including:  

• Risk Management/Financial Crimes Compliance - help our clients combat global illicit finance; areas of focus include anti-money laundering (AML), Anti-Terrorist Financing (ATF), sanctions compliance, anti-bribery and corruption, and financial intelligence matters
• Internal Audit/Process & Controls – Help our clients evaluate and enhance their internal audit functions as well as the overall control environment of the institution and providing industry-focused, strategic outsourcing and co-sourcing services

In addition, our consulting professionals typically work as part of multi-disciplinary EY engagement teams and you may have the opportunity to assist our clients in other areas such as: Internal Audit, Business and Technology Transformation, and Technology Risk.

Your key responsibilities

You will act as a subject matter expert and deliver AML/ATF and Sanctions regulatory compliance advisory services to insurance, banking and financial services clients across the BBC region which includes assisting clients with:

• Design, development review and update of AML/ATF and Sanctions compliance programs, risk assessments and controls
• Assessing design adequacy and implementation of AML/ATF and Sanctions controls and testing the operational effectiveness of those controls
• Reviews/assesses transaction monitoring systems, alert investigations processes and regulatory reporting programs
• KYC/ongoing customer due diligence assessments and policy and operational procedure enhancements
• Conducting gap analysis and current state assessments of compliance with local AML/ATF and Sanctions legislation
• Performing internal audits and independent assessments of AML/ATF and Sanctions Programs in line with the requirements set out in the Cayman legislation and recommending improvements· AML/ATF and Sanctions compliance remediation projects in response to regulator requests or enforcements or client identified deficiencies
• Facilitating face-to-face and online training to improve organizational awareness of AML/ATF and Sanctions risks and compliance obligations

You will spend most of your time leading on all phases of client delivery for an exciting variety of projects as highlighted above across the financial services space. You must have the ability to quickly assimilate to new knowledge and to remain current on new developments in consultancy services capabilities and industry knowledge.

An important part of the role of Senior Manager is to establish, maintain and strengthen internal and external relationships. You’ll help create a positive learning and diverse culture and will coach and counsel junior team members to help them develop. In line with our commitment to quality, you'll also have a key role in ensuring exceptional client service, quality and delivery. At the same time as maintaining strong client relationships and delivering high quality outcomes, you will need to deliver engagements to agreed time and cost budgets. The range of engagements with which our team is involved means that there is a flexible and dynamic team environment providing you with a wealth of opportunities for personal growth and development.

Skills and attributes for success

• Lead engagements and develop project plans and timelines, risk assessments, budgets and other planning documents
• Build client relationships and manage engagement expectations
• Apply strong project management skills, inspire teamwork and responsibility with engagement team members, and use technology and tools to enhance the effectiveness of deliverables and services
• Build relationships with colleagues across the business, supporting them and promoting a diverse and collaborative culture Help develop our practice and drive business development activities on global and local priority accounts

To qualify for the role you must have

• A bachelor’s degree in business, accounting, finance, computer science, information systems or a related discipline
• A minimum of 8 years of relevant work experience in a consulting/professional services firm, a public accounting firm, or comparable experience as a business advisor in a financial services company
• Knowledge of AML/ATF and Sanctions compliance requirements in local and overseas jurisdictions
• Experience with successfully managing projects with defined deliverables and budgets; experience must include budgeting and managing the schedule, client relationship management, communicating strategically around key issues, conflict resolution and consensus building
• Proven delivery skills, including the ability to scope/size a project; staff an appropriate team, provide subject-matter direction and guidance; and manage communications with the project sponsors
• Experience within the Financial Services industry
• Experience in generating new business opportunities and project management
• Excellent leadership, teamwork and client service skills
• Demonstrated integrity within a professional environment
• The ability and willingness to travel and work in excess of standard hours when necessary

Ideally, you’ll also have

• A service line relevant certification such as a CAMS, CPA, CA, CISA, CISSP, PMP, CIA or equivalent would be preferred
• Excellent critical thinking and analysis skills, and the confidence to identify and resolve problems
• An eagerness and track record in establishing and leading high-performance teams and supporting and coaching individual team members
• Experience developing, monitoring, and auditing compliance to Cayman AML/ATF and Sanctions regulatory requirements
• Experience with successfully managing projects with defined deliverables and budgets

What we look for

We’re interested in leaders with a genuine creative vision and the confidence to make it happen. You can expect plenty of autonomy in this role, so you’ll need the motivation to take initiative and seek out opportunities to improve our current relationships and expand our business in the evolving market. If you’re serious about consulting and ready to take on some of our clients’ most complex issues, this role is for you.

What we offer

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical, dental and vision coverage, competitive pension plan, generous vacation and leave entitlement(s), and a range of programs and benefits designed to support your physical, financial and social well-being. Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

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