Senior Analyst

Associate - Fiduciary Services

| Overview

Clearwater

Based in the Cayman Islands, Clearwater is a regulated fiduciary services provider leveraging long-term relationships with global business partners. The group's robust core infrastructure – both intellectual capital, and technology platforms allow it to provide the personal service that the team pride themselves on.

Clearwater exists to bring a completely fresh approach to offshore governance and finance. Clearwater simplifies and provides solutions in a pragmatic and committed manner.

High level about the Role:

The Associate - Fiduciary Services is a key role within the firm and will be responsible for providing support to the Anti-Money Laundering Compliance Officer and Money Laundering Reporting Officer on a portfolio of fund and investment client entities. Please see below details on the expected functions:

• Developing and maintaining procedures, systems and controls to ensure that the client entities comply with the Cayman Islands AML Regulations.
• Preparing entity risk assessments for the various client entities.
• Monitoring outsourced arrangements, where the client entity has outsourced the AML/KYC functions to a 3rd party.
• Maintaining adequate AML/KYC procedures at the client entity level where there is no outsourced arrangements in place, including adequate policies, KYC documentation, training etc.
• Reporting to the directors and senior management, on AML/KYC matters arising within client entities and actions considered necessary to ensure compliance with all applicable laws and regulations.

Reporting Structure:

The Associate – Fiduciary Services will report directly to the Director - AML Services.

Remuneration level:

Remuneration will be market related and commensurate with experience and seniority. In addition, the successful candidate will receive a competitive benefits package and discretionary bonus scheme.

| Main Duties & Responsibilities

1.Compliance Services Responsibilities

• As it applies to Company's clients, the role will include:
• Gather and review KYC (Know Your Customer) documentation for new and existing clients, escalating issues as appropriate.
• Apply the company's AML systems and controls towards the development of the fund's AML/CTF program.
• Maintain appropriate logs/records for the funds as required by the regulations.
• Provide AML/CFT support to the oversight of the investor and investment activities.
• Prepare necessary AMLCO Reports.
• Assist with requests for information by the authorities
• Remain abreast of industry developments and regulatory changes impacting the governance space.
• Ensure all internal documents are kept current – including client facing ones.
• Provide general administrative and research support to the AMLCO and MLRO.
• Acting as AMLCO and MLRO/DMLRO when appointed.
• Acting as a point of contact for all suspicious activity reports as well as review and reporting as necessary.

2.Legal Responsibilities

• Contract Management & Legal Negotiations:

Includes (but are not limited to) the following tasks:

• Contract Management: Manage and maintain the company's internal Contract Management System, ensuring that contracts (NDA's, Service Agreements, Service Level Agreements, etc.) are updated, legally sound, and aligned with business objectives.
• Contract Negotiation: Work closely with internal stakeholders (business teams, relationship managers, etc.) to review, negotiate, and finalize client and vendor contracts, ensuring they comply with relevant legal standards and protect the company's interests.
• Client Control Sheet: Develop and maintain a 'Client Control Sheet' to track key contractual terms and conditions that impact various business units.
• Exceptions Matrix: Manage the creation and upkeep of an 'Exceptions Matrix' that documents deviations from standard contracting terms, helping standardize and streamline the legal contracting process.

| Skills & Experience Required

The successful candidate will have:

• CAMS, ICA, or other AML/compliance certifications
• Knowledge and understanding of fund and investment entity structures.
• A minimum of 2 years' experience.
• A detailed knowledge and understanding of the Cayman Islands AML laws and regulations.
• Legal Expertise: In-depth knowledge of global regulatory frameworks, legal compliance standards, data protection laws (GDPR, CCPA, etc.), and risk management principles.
• Contract Negotiation: Expertise in drafting, negotiating, and managing complex contracts, particularly in the financial services, fund administration, or corporate sectors.
• Possess excellent client relationship skills, with the ability to manage client requests in a timely and effective manner.
• Possess excellent time management, organisational, communication and problem-solving skills.
• Knowledge of Know Your Customer and Microsoft Dynamics would be advantageous.
• Must be highly proficient in MS applications especially Excel & Word.

| Additional qualities

In addition to the Skills and Experience, the successful candidate should have;

• Solid organization skills and ability to work under pressure
• An innovative and entrepreneurial nature.
• The ability to work with multi-disciplinary teams including compliance and operations.
• Excellent Communication and interpersonal skills and be disciplined and organized;
• A professional and confident demeanor, and exhibit patience when working with clients and colleagues.
• Strong analytical and problem-solving skills.
• Strong interpersonal skills.
• The ability to remain calm and think analytically during stressful situations.