Compliance and Risk
Compliance and risk is about making sure the organisation acts in line with the rules in place to protect people and economies. Risk is about managing these risks and other risks faced by the organisation.
Jersey’s robust regulatory framework sets it apart from other International Finance Centres. The strength and expertise of our compliance and risk professionals is a key component of this.
What is compliance and risk?
At a foundational level you will:
Keep up to date with laws, regulations, and standards
Review and improve the company’s internal policies and procedures
Test whether the business is complying with internal policies and procedures and recommend actions
Work with other departments to ensure compliance across the business
Advise and educate staff on compliance and risk matters
Conduct investigations and highlight areas of concern
Assess and manage risks faced by the organisation
What compliance and risk job opportunities are there in Jersey?
There is a wide range of compliance and risk related roles in Jersey which span the whole industry, such as:
- Financial crime (AML/CFT/CPF)
- Conduct and prudential
- Risk and assurance
- Internal audit
- Regulatory supervision
- Policy setting
- Intelligence and investigation
Jersey’s strong regulatory framework sets it apart from other International Finance Centres. The strength and expertise of our compliance professionals is a key component of this.
Compliance and risk related roles can include:
- Compliance Officer (CO)
- Money Laundering Compliance Officer (MLCO)
- Money Laundering Reporting Officer (MLRO)
- Compliance Monitoring Manager
- CDD/Onboarding Specialist
- Risk Officer/Manager
- Internal Auditor
- Regulatory Supervisor/Examiner
- Policy Advisor
- Intelligencer/Investigator
- Compliance/Risk Consultant
What skills do I need?
Because the industry is so diverse, there are a wide range of professional qualifications that can be gained depending on which career path you choose.
ICA provides certificate, advanced certificate, and diploma level qualifications in:
- Governance, Risk and Compliance
- Financial Crime Prevention
- Anti-Money Laundering
- Sanctions Risk
- Cyber Risk
- CDD/KYC
- International Certificate in Financial Services Regulation
- Certified Anti-Money Laundering Specialist
It’s not just about your qualifications but your soft skills too. We asked the finance firms we work with what skills they are most looking for when hiring compliance professionals and they responded:
- Integrity
- Honesty
- Ability to balance interpretation of regulations with business objectives
- Attention to detail
- Analytical skills
- Problem-solving skills
- Communication skills
- Conviction in your own judgements
What should I do next?
If you are ready to kick-start your career in compliance and risk you can find out more about the companies that are currently operating in this field through Jersey Finance’s Business Directory.