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 regulatory environment in order to meet the regulatory expectations of the Cayman Islands Monetary Authority (CIMA).

Key Responsibilities

• Regulatory Compliance
• Ensure the maintenance of the 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 Senior Compliance Manager, working closely with Corporate Compliance, the AML/CFC, and Enterprise Risk teams to ensure alignment with the Company's enterprise-level standards
• Act as the primary local contact with CIMA, managing regulatory requests and filings, inspections, surveys, reviews, and correspondence
• Work with Corporate Compliance to assess and monitor current and future regulatory developments to assess their impact on the business, achieving senior management in necessary changes
• Work with internal and external legal counsel to resolve issues and apply compliance and business expertise to ensure alignment with company policies
• Trustee-Specific Responsibilities
• Comply with regulatory guidelines (Fiduciary) under Cayman Islands law, including the duty of care, duty to act in the best interests of beneficiaries, and to act with utmost integrity and due skill when investing
• Ensure that trustees' assets are delivered in accordance with governing trust documents, internal policies and procedures, and regulatory expectations
• Implement and maintain oversight mechanisms to monitor trustees' activities, including periodic reviews of administrative tasks, record-keeping, and oversight, and expenditure arrangements
• Policy & Procedure Development
• Draft, review and maintain local policies and procedures tailored to meet the License regulatory requirements
• Ensure policies and procedures are kept updated to reflect any changes in CIMA regulations, Rules, and Statement of Guidance
• Handle Cayman-based systems and industry events to design forward-looking control frameworks that anticipate and address upcoming regulatory changes
• Apply local industry experience to ensure policies and procedures are both pertinent and effective, meeting CIMA's expectations and reflecting best practices within the Cayman Islands
• Internal Controls & Monitoring
• Lead the design and ongoing monitoring of the control-based monitoring program, including thematic reviews, controls testing, and client file audits
• Track and remediate operational incidents by logging into corporate system, documenting root cause analysis and remediation plans
• Participate in the quarterly review of internal findings
• Training & Awareness
• Planning and delivering targeted 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 AML,CFC,BRC to ensure consistent reporting and escalation of AML-related matters and regulatory breaches to the Board and relevant committees
• Participate in board and committee meetings, offering input on strategic initiatives and risk matters

Qualifications & Experience Required

• 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 industry standards and CIMA expectations

Desirable

• Experience with trustees' services across multiple jurisdictions (e.g., Hong Kong, Japan, North America)
• Excellent communication and stakeholder management skills