We supervise the island's financial services industry for compliance with both conduct and prudential requirements, and under the anti-money laundering (AML), countering financing of terrorism (CFT), and countering proliferation financing (CPF) framework.
The JFSC is one of the few regulators globally to benefit from the Regulator and the entity Registrar operating under a single financial services commission.
We supervise the island's financial services industry for compliance with both conduct and prudential requirements, and under the anti-money laundering (AML), countering financing of terrorism (CFT), and countering proliferation financing (CPF) framework.
The JFSC is one of the few regulators globally to benefit from the Regulator and the entity Registrar operating under a single financial services commission.
Division: Registry
We operate the Companies Registry which registers and maintains Jersey companies, partnerships, foundations, limited liability companies and business names.
Our Registry responsibilities include acting as a cornerstone in the fight against money laundering, terrorist financing and proliferation financing. We record, screen and authenticate beneficial ownership, controller and significant persons details and we assess all activities ensuring adherence to the Islands Sound Business Practice Policy, which could also include applications that may present higher-risk characteristics. We also deal with global continuance, cross border mergers and other international transparency applications.
Team: Registry Supervision
Registry Supervision team is responsible for ensuring the accuracy and integrity of Jersey’s significant persons register and oversees various applications that present higher risk factors as part of Jersey’s commitment to combatting financial crime. Its function is to perform analysis on cases identified by the JFSC screening system, coordinating and delivering a dedicated inspection program to authenticate all beneficial owner, controller and significant persons information that is recorded on the central register within the Registry. In doing so, the Registry Supervision team are of strategic importance to ensure that Jersey remains a highly regarded International Financial Centre.
Role: (Permanent, 35 hours per week)
The purpose of this role is to successfully deliver our Registry supervision and high-risk inspection program. The Examination, Manager will be responsible for leading the team of Examiners within the Registry Supervision team and will be reporting to the Head of Registry Supervision.
The successful candidate will deliver the following outcomes:
·Manage the team of examiners who’s duties include planning and conducting inspections, interviewing members of staff employed by the licenced Trust company business or associated parties that have a nexus to Jersey, conduct file reviews, inspect documentation, attend inspection meetings, execute reporting.
·Actively support the examiners in their delivery of inspections to ensure findings and reporting are accurate, concise, well-articulated and timely.
·Ensure the delivery of Registry Supervision Inspection programme is in line with established procedures and operate within published service level agreements and standards.
·Ensure the delivery of a quality experience to all relevant stakeholders (internal and external) through effective communication and timely updates throughout the inspection process.
·Actively contribute to continuous improvement through knowledge sharing, active involvement in projects and the implementation of related changes.
·Review prosecution cases regarding referrals to the Attorney General for non-compliance with laws.
·Produce and publish quarterly reports on the findings of the Registry Inspection Programme.
·Support the Head of Registry Supervision, to deliver a high-quality and expert service.
You will add value to the organisation by:
Acting as a point of contact, you will be representing the JFSC whilst supporting and assisting the inspection of legal person and legal arrangements, contributing to the JFSC’s defense against the potential misuse of these arrangements, and to Jersey’s ongoing reputation as a highly regarded International Finance Centre.
What will success in this role look like?
·Excellent reputation and integrity of Jersey in commercial and financial matters.
·Effective monitoring and high level of reporting compliance to the relevant laws
·Effective stakeholder management by delivering within agreed timelines.
This role provides an excellent opportunity to understand how businesses are monitored in Jersey to ensure compliance with relevant laws and regulations, especially with reference to AML/CFT/CPF. This job will also provide you the opportunity to play a key part in strengthening JFSC’s reputation as a financial services regulator and be involved in various projects leading to technological enhancements within JFSC.
If you are self-driven and enjoy working collaboratively in an evolving environment, this role will suit you. High attention to detail, excellent communication skills and the ability to manage workload is critical. Prior experience in Financial Services industry is beneficial but not essential.
Working in the JFSC will enable you to join a team people who have purpose, passion, and pride. It offers the opportunity to work alongside people, who are passionate about maintaining Jersey’s position as a leading International Finance Centre with high regulatory standards.
This clarity on our purpose is incredibly motivating and we leverage our core values of: Excellence, Professionalism, Respect, Integrity, and Teamwork to deliver our work. Our people are proud of their work and their contribution to Jersey.
If you are looking to make a difference, have a unique working experience and contribute to a bigger picture, then think JFSC; a diverse team of people who put their hearts and minds into what they do and have some fun along the way!