Job Specification
Head of Risk & Compliance – Trust & Funds (Jersey)
Role Purpose
The Head of Risk & Compliance – Trust & Funds is responsible for setting and delivering the Risk and
Compliance strategy for the combined Accuro–Oak Trust and Fund business following the merger.
The role holder will:
• Hold key regulatory appointments where required
• Act as senior risk and compliance leader for trust licence(s) and all fund structures
• Provide assurance to the Board, regulators and stakeholders that regulatory, conduct, financial
crime and operational risks are appropriately identified, mitigated and managed
• Lead a unified risk and compliance framework across jurisdictions, ensuring consistency,
proportionality and regulatory alignment
Key Accountabilities
Strategic Leadership
• Set the enterprise-wide Risk & Compliance strategy for the Trust and Fund businesses
post-merger, aligning Accuro and Oak frameworks, policies and risk appetites
• Support the integration of risk, compliance and governance frameworks for the Jersey business
• Advise the Jersey Board on emerging regulatory, conduct, financial crime and operational risks
impacting trust and fund services
• Ensure regulatory change is proactively monitored, interpreted and embedded across both
businesses
Regulatory Oversight & Key Person Responsibilities
• Hold senior regulatory roles as required (e.g. MLRO, MLCO, Compliance Officer, Risk Officer or
equivalent) for:
o Trust licences
o Fund services businesses
o Underlying fund structures where applicable
• Act as primary or senior contact for JFSC, FIU, auditors and other external stakeholders
• Ensure timely, accurate and transparent regulatory reporting and engagement
• Lead regulatory inspections, thematic reviews and remediation programmes
Risk Management
• Own and maintain the Risk Management Framework covering:
o Trust companies
o Fund administration and fund governance structures
• Identify, assess and manage:
o Regulatory and compliance risk
o AML/CFT and financial crime risk
o Conduct risk
o Operational and reputational risk
• Oversee risk assessments at entity, licence and product/fund levels
• Ensure effective incident management, breach reporting and escalation
Compliance Management
• Ensure robust compliance monitoring programmes are in place across trust and fund operations
• Oversee testing, monitoring and assurance activities, ensuring issues are tracked to resolution
• Ensure policies, procedures and controls meet applicable trust law, funds law and regulatory
standards across relevant jurisdictions
• Provide regular and ad-hoc compliance reporting to senior management, the Board and
Committees
Governance & Reporting
• Chair or provide senior leadership to the Jersey Risk & Compliance Committee
• Oversee Jersey governance, escalation and reporting frameworks
• Prepare and present risk and compliance reports to:
o Boards
o Board Committees
o Investment / Fiduciary Committees (where relevant)
• Ensure appropriate management information (MI) is produced for Trust and Fund activities
People Leadership & Culture
• Lead and develop the Jerey Trust & Funds Risk and Compliance team
• Ensure adequate resourcing, capability and succession planning
• Promote a strong risk-aware and compliance-led culture across the merged Jerey business
• Oversee training and Continuing Professional Development (CPD) programmes
Key Activities
• Act as MLRO, MLCO and/or Compliance Officer for trust and fund entities as required
• Manage regulatory relationships and inspections
• Lead post-merger harmonisation of risk and compliance frameworks
• Ensure timely completion of compliance monitoring plans and risk assessments
• Oversee breaches, SARs, regulatory notifications and remediation actions
• Deliver risk and compliance reporting to Committees and Boards
Skills & Competencies
• Strong leadership and people management capability
• Excellent stakeholder management and regulator-facing communication skills
• Strategic thinker with ability to operate at Board level
• Sound judgement and decision-making skills in complex regulatory environments
• Ability to operate across multiple jurisdictions, licences and structures
• Strong project and change management capability
Knowledge & Experience
• ICA Diploma (or equivalent), ACAMS or other relevant professional qualification
• Extensive experience leading Risk & Compliance within:
o Trust & fiduciary services and/or
o Fund administration / fund governance businesses
• Deep understanding of:
o Trust company regulation
o Fund structures (regulated and unregulated)
o AML/CFT frameworks
o Corporate and fiduciary governance
• Proven experience holding regulated roles and engaging with regulators
Measures of Success
• Successful regulatory oversight of all trust licences and fund structures
• Positive regulatory outcomes and inspection results
• Effective integration of Accuro and Oak risk & compliance frameworks
• Timely identification and mitigation of emerging risks
• High team engagement, capability and retention
• Delivery of risk and compliance initiatives on time and to standard
Reporting Line
• Reports to: Chief Executive Officer / Board (Trust & Funds)
• Works closely with: CI Head of Risk for Funds, Board Chairs, Executive Committee,
Investment/Fiduciary leadership, and Group Risk counterparts