Senior Compliance Manager - Trustee & Fund Administration, VP

Job Summary

The Senior Compliance Manager will lead the compliance activities within our Cayman Islands-based fiduciary and fund administration business. This role is responsible for day-to-day activities related to operational and the fiduciary governance in order to meet the regulatory expectations of the Cayman Islands Monetary Authority (CIMA). Specific areas of focus include risk assessments, compliance frameworks, oversight, and corporate governance. The successful candidate will have strong compliance and risk management experience and act as the business unit's primary liaison with CIMA, Corporate Compliance, Legal, Enterprise Risk, and the AMCO of the business.

Key Responsibilities

• Regulatory Compliance
  • Ensure that the business complies with Cayman Islands laws and regulations including the Mutual Funds Act, the Banks and Trust Companies Act, the Trustee Act, the Companies Act, and CIMA's Rules and Statements of Guidance
  • Serve as the designated Cayman Islands Senior Compliance Manager, working closely with Corporate Compliance, the AML/CFT Unit, and Risk to ensure alignment with group-wide legal and regulatory requirements at the entity-level
  • Act as the primary local contact with CIMA, managing regulatory requests and filings, inspections, surveys, reviews, and correspondence
  • Work with Corporate Compliance to identify business developments to assess their impact on the business, achieving senior management in necessary changes
• Trustee-Specific Responsibilities
  • Comply with applicable fiduciary duties under Cayman Islands law, including the duty of care, diligence and loyalty to the best interests of our client and avoid conflicts of interest
  • Ensure that trust services assets are administered in accordance with governing trust documents, internal policies and procedures, and regulatory expectations
  • Implement and maintain oversight mechanisms to monitor trustee activities, including periodic reviews with management, oversight, and segregation arrangements
• Policy & Procedure Development
  • Draft, review and maintain local policies and procedures tailored to meet the Licensee regulatory requirements
  • Ensure policies and procedures are kept updated to reflect any changes in CIMA regulations, Rules, and Statement Guidelines
  • Maintain Cayman-based events and industry events to design forward-looking control frameworks that anticipate and address upcoming regulatory changes
• Internal Controls & Monitoring
  • Responsible for administering the risk-based control monitoring program, including thematic reviews, controls testing, and client file tests
  • Track and remediate operational incidents by flagging to internal groups, documenting root cause analysis and remediation plans
  • Ensure timely execution of internal controls
• Training and Awareness
  • Own and lead localized training to local staff, directors and officers, internal service providers on regulatory obligations, fiduciary duties, and emerging risks
  • Provide briefing as needed of training to governance committees and the board
• Reporting & Governance
  • Work with Corporate Compliance to support the preparation of information and materials required for internal reporting
  • Collaborate with the AMLO/CRO/BRC to ensure consistent reporting and escalation of AML-related matters and regulatory breaches to the Board and relevant committees
  • Participate in local and committee meetings, offering input on strategic initiatives and risk

Qualifications & Experience

• Bachelor's degree in Law, Finance, Business or a related field
• Professional compliance certification (e.g., International Compliance Association (ICA), Certified Governance Risk and Compliance Professional (GRCP), Society of Trust and Estate Practitioners (STEP))
• Minimum 7 years of experience in a senior compliance role within a fiduciary, trust, or fund administration environment
• Strong knowledge of Cayman Islands regulatory framework and CIMA's supervisory approach
• Familiarity with Cayman Islands industry standards and CIMA regulations

Desirable

• Experience with trustee services across multiple jurisdictions (e.g., Hong Kong, Japan, North America)
• Excellent communication and stakeholder management skills, including experience facing off with regulators, senior managers and internal audit