Deputy MLRO

Role Overview

Deputy MLRO at The Apex Group, a global fund administration and middle office solutions provider established in Bermuda in 2003, with over 13,000 employees across 112 offices worldwide.

Company Overview

The Apex Group is one of the world's largest fund administration and middle office solutions providers. The business is unique in its ability to reach globally, service locally, and provide cross-jurisdictional services, with clients at the heart of everything it does.

Role Purpose

Support the Money Laundering Reporting Officer and compliance function to maintain robust Compliance and Anti-Money Laundering frameworks, monitor regulatory adherence, assess and mitigate financial crime risks, and ensure the organization meets all FSRA regulations, ADGM laws, and internal policies.

Key Responsibilities

Compliance Framework & Governance

• Support and maintain the Compliance and AML Frameworks.
• Monitor compliance with FSRA regulations, ADGM laws, and internal policies.
• Maintain compliance registers, breaches, conflicts of interest, and regulatory obligations.
• Maintain compliance policies, procedures, and regulatory records.

Risk Identification & Assessment

• Identify, assess, and report compliance and regulatory risks.
• Assess internal suspicious activity reports.
• Support AML/CFT and Sanctions oversight, including client risk assessments and due diligence reviews.
• Review high-risk client onboarding and periodic KYC reviews.
• Assist with SAR/STR assessments and AML risk assessments.

Monitoring & Controls

• Track regulatory developments and assess business impact.
• Develop and execute the annual Compliance Monitoring Plan (CMP).
• Conduct compliance reviews, testing, and monitor remediation actions.
• Review AML alerts, sanctions screening results, adverse media hits, and suspicious activity investigations.
• Support the effectiveness of AML transaction monitoring and screening controls.

Regulatory Liaison & Filings

• Support regulatory filings and liaison with the FSRA.
• Assist with regulatory inspections, audits, and financial crime reviews.
• Assist in determining whether external reporting obligations arise.
• Maintain appropriate records relating to suspicious activity reporting.

Reporting & Advisory

• Prepare compliance reports and management information for senior management and the Board.
• Prepare reports for Board, committees, and senior management.
• Provide day-to-day regulatory advice and support awareness of AML/CFT, sanctions, and conduct requirements.
• Provide compliance guidance on client acceptance and regulatory matters.

Client & KYC Management

• Support KYC remediation and control enhancement initiatives.

Deputy MLRO Functions

• Act as deputy to the MLRO when required.
• Act as DPO (Data Protection Officer) as and when required.

Data Protection

• Support in DPO related responsibilities.

Qualifications & Experience

• Bachelor's degree in a relevant field.
• 3–5 years of experience in Compliance or related fields.
• AML/CFT experience in financial services.
• Professional certification (CAMS/ICA) preferred.

Skills & Competencies

• Strong regulatory judgment and independence.
• Attention to detail.
• Ability to work under pressure.
• Stakeholder management.
• Strong communication skills.
• Ability to ensure compliance while supporting business needs.
• Solutions-driven critical thinking with the ability to adapt to change.
• Strong English.

Additional Information

• Unsolicited CVs sent by recruitment agencies will not be accepted for this position. The Apex Group operates a direct sourcing model and engages only with exclusive recruitment partners when agency assistance is required.