Description
& SummaryAt PwC, our people in risk and compliance focus on maintaining regulatory compliance and managing risks for clients, providing advice, and solutions. They help organisations navigate complex regulatory landscapes and enhance their internal controls to mitigate risks effectively.
In regulatory risk compliance at PwC, you will focus on confirming adherence to regulatory requirements and mitigating risks for clients. You will provide guidance on compliance strategies and help clients navigate complex regulatory landscapes.
Role: Senior Support - Sanctions Specialist
Location: Guernsey/Jersey
Line of Service: Business Enablement - Risk, Ethics and Compliance
Grade: Senior Associate
Contracted Hours per Week: 37.5 hours
Housing Status Required: Local (Guernsey)/Entitled to Work/Entitled (Jersey)
PwC Channel Islands Overview
PwC is a highly dynamic professional services firm offering Advisory, Tax, Audit and other assurance services to a large portfolio of international and local clients. The Channel Islands firm employs 600+ staff in offices across Jersey, Guernsey and Alderney and is part of an international network of 151 PwC firms employing over 364,000 staff.
Job Summary:
The Compliance Team plays a vital role in ensuring PwC CI complies with its regulatory obligations under the Guernsey and Jersey Anti Money Laundering (AML) regulations and also supports the firm in managing adherence to auditor independence and ethics requirements. We do this by carrying out monitoring and testing of compliance with the Firms’ policies and procedures; ensuring we keep those policies and procedures up to date and issuing a number of reports to the Leadership team.
You will be part of a dynamic and tech-enabled compliance team, where innovation meets expertise in a supportive and collaborative environment.
As a pivotal part of our firm, you will leverage the latest innovative technologies to navigate the complexities of regulatory landscapes effectively. Our team culture emphasises mutual support and continuous professional development, ensuring you have ample opportunities for coaching and advancement. We are committed to fostering your growth and encouraging your journey towards becoming a leading compliance expert in our industry. As part of our team you will have the opportunity to drive process change and transformation.
Responsibilities:
In your role as a Sanctions and Financial Crime specialist, your responsibilities outlined below will be delivered in conjunction with the support of resources within a PwC Poland Centre of Excellence (CoE) as determined by the Compliance Manager/Senior Manager.
● Compliance analytics and monitoring (focus on sanctions compliance):
Execution of the following ongoing compliance monitoring activities:
1. Assist with the sanctions screening activities, including EU Sanctions screening using Alteryx workflow.
2. Support with the quarterly sanctions screening monitoring programme.
3. Undertake all compliance monitoring activities pertaining to our Fiduciary Licensee entity in Guernsey, as directed by the Compliance Senior Manager/Compliance Director.
4. Maintain and monitor the list of remedial actions required following compliance monitoring tasks in your areas of responsibility.
5. Update the breaches register for any findings identified.
6. Report status and updates in the monthly Money Laundering Compliance Officer (MLCO) report to the Risk & Quality Committee.
7. Understand and conduct annual monitoring over the effectiveness of the firm’s sanctions screening tools and technology.
● Compliance advisory
Providing support in respect of the following:
8. Dealing with policy queries from Lines of Service (LoS), the CoE and/or the KYC Team.
9. Act as the first point of contact for sanctions-related queries and conduct initial reviews before escalating to the Compliance Manager/Senior Manager.
10. The review of escalations: primarily Sanctions; and also Adverse News, Politically Exposed Persons (PEPs), requests on an ad hoc basis.
11. Development of Sanctions and AML training materials for all Partners and staff, the Centre of Excellence and/or the local KYC Team.
● Reporting to stakeholders
12. Complete and update all areas of the MLCO report which fall within your roles and responsibilities (with a focus on Sanctions reporting).
13. Complete and update the Fiduciary Licensee Compliance Report.
14. Provide ad hoc support for updating compliance policies, updating the BRA as well as undertake all other compliance monitoring activities pertaining to PSGL, as directed by Compliance Senior Manager/ Compliance Director.
● Update and maintain compliance data
15. Prepare and validate sanctions data for all regulatory submissions to relevant regulators, including the JFSC/GFSC.
16. Draft regulatory correspondence on sanctions and financial crime matters for review by a Manager/Senior Manager.
17. Ensure sanctions-related datasets are accurate and up to date across all compliance repositories, maintaining completeness and accuracy of sanctions-related datasets e.g. updating and maintaining the completeness of the Compliance Task Tracker, Compliance Regulatory Newslogger and the Compliance Monitoring Plan in respect of your areas of responsibility.
18. Liaise with technology specialists to drive efficiency, accuracy and effectiveness of the reporting process.
19. Develop a deep understanding of the CI regulatory environment: attend regulatory and industry events with a focus on sanctions, documenting key takeaways and submitting action points for review and implementation.
● Policies and procedures
20. Propose and draft updates to sanctions policies in response to regulatory changes, network guidance, or internal policy forum recommendations.
21. Take ownership of and update process notes for areas of responsibility, ensuring timely review and approval by the Compliance Manager/Senior Manager.
22. Prepare responses to regulatory consultation papers on proposed updates to sanctions laws, regulations or policies, preparing summaries for internal discussion and review.
23. Analyse thematic reviews and publications from the JFSC, GFSC, and Registry on sanctions, preparing impact assessments for internal policy alignment.
24. Contribute to the quarterly and annual review of the sanctions section of the Firm’s Business Risk Assessment (BRA), ensuring it reflects current risk exposure and control effectiveness.
25. Provide ad hoc support in updating other compliance policies and procedures, particularly those related to AML/CFT/CPF risk assessments and controls.
● Compliance projects
26. Support the delivery of key compliance projects with a focus on sanctions, including the implementation of new processes, technologies, and policy enhancements.
27. Track and report on the status of sanctions-related compliance projects, ensuring timely delivery and stakeholder engagement.
Direct Reports:
28. Manager - Regulatory & Engagement Lead
29. Senior Manager - Deputy MLRO, Sanctions SME support, QMSE, Network Monitoring and Reporting
Reports into this role:
30. None
Qualifications & Certifications:
31. A relevant professional qualification (i.e. ACCA, ICAEW).
32. ICA Certificate or similar preferred (e.g. ACAMS); or Audit/Internal Audit Qualification; or Legal qualification would be beneficial
Further study support is also available.
Skills & Experience Required:
Essential skills:
● Experience in compliance monitoring, audit or an internal audit environment in the Channel Islands.
● Attention to detail.
● Methodical and organised.
● You will have an interest in learning, development and upskilling.
● Able to bring your own experience and ideas to a project, not being afraid to show your unique perspective.
● You will be reliable and enthusiastic, someone who is able to strike the right balance between working on their own initiative and updating leadership when appropriate.
Desirable skills:
● Good knowledge and understanding of the Jersey and Guernsey AML and Sanctions regulatory requirements and how to apply them in practice for new and existing clients of the firm.
● Strong written and spoken communication skills and strong interpersonal skills for engagement with internal and external stakeholders, including employees, management, and external stakeholders such as regulatory bodies; this should include the ability to challenge and debate professionally.
● Ability to understand and interpret rules and implement the requirements in practice.
● Experience drafting, updating, and disseminating policy changes, reports, and communications.
● Analytical skills for regulatory changes, processing risk updates and engaging with consultation papers or thematic reviews.
● Proficiency / a keen interest in relevant systems and technologies, understanding compliance software and tools that aid in monitoring, reporting, and managing compliance-related data.
● Understanding of risk assessments and mitigation strategies.
● Self-motivated and proactive with good organisational and prioritisation skills to ensure all allocated tasks are diarised, followed up and completed in a timely manner.
Travel Requirements:
This role may require you to travel between our Jersey and Guernsey offices from time to time (circa 2-3 times per annum).
The skills we look for in our people:
All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, The PwC Professional.
The PwC Professional focuses on five core attributes; whole leadership, business acumen, technical capabilities, global acumen and relationships. We use this framework to recruit, develop, and assess our people, at all grades and in all areas of our business, because we expect all of our people to be leaders.
Diversity:
We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool as well as those who reflect the diverse nature of our society. We aim to encourage a culture where people can be themselves and be valued for their unique strengths. Creating value through diversity is what makes us strong as a business.
Education
Degrees/Field of Study required:Degrees/Field of Study preferred:
Certifications
Required Skills
Optional Skills
Accepting Feedback, Accepting Feedback, Active Listening, Analytical Thinking, Anti-Bribery, Anti-Money Laundering Compliance, Business Ethics, Code of Ethics, Communication, Compliance and Governance, Compliance and Standards, Compliance Auditing, Compliance Frameworks, Compliance Program Implementation, Compliance Reporting, Compliance Review, Compliance Risk Assessment, Compliance Training, Controls Compliance, Creativity, Cybersecurity Risk Management, Data Analysis and Interpretation, Data Protection Management (DPM), Disability Support, Embracing Change {+ 30 more}
Desired Languages
Travel Requirements
0%
Available for Work Visa Sponsorship?
No
Government Clearance Required?
Yes
Job Posting End Date