Project Assistant
Project Assistant - VASP and FinTech Innovation Unit
The duration of this temporary assignment will be for 6 months.
RESPONSIBILITIES:
The successful post holder will:
• Assist Analyst to conduct initial review of applications of entities for registrations under the VASP Act, ensuring that all requisite requirements have been submitted.
• Assist with VASP licensing related processes and procedures including conducting risk assessments, application processing and updating manuals etc.
• Review due diligence documentation to ensure that a complete application has been submitted and ensure that the documents meet the requirements in accordance with the regulatory procedure.
• Perform initial risk assessment on shareholders, directors, senior officers of regulated entities to determine risk rating.
• Where necessary complete due diligence and background checks on individuals rated low risk to determine fitness and proprietary. This would include the verification of financial and character references.
• Assist in the supervision of VASPs as necessary.
• Conduct searches on individuals using a Risk Intelligence Database and publicly available web search engines.
• Communicate regulatory gaps in applications and any discrepancies identified.
• Keep CIMA databases current by updating them with information obtained from registrants and other sources as required (for example names and contact information on shareholders, directors, senior officers etc).
• Assist the VASP Unit in coordinating with other divisions as necessary.
• Conduct open-source research on VASPs and other related matters.
• Assist in complaints handling.
• Attend and takes concise minutes for internal and external meetings.
REQUIREMENTS:
• An associate degree from an accredited institution – in Finance, Business or Accounting.
• Three years or more experience in compliance related positions within a financial service provider or in the public sector. Experience in the securities/virtual assets industry would be an asset.
• General knowledge of the Cayman Islands financial services Laws, Regulations, and relevant Rules, Statements of Guidance and Policies including AML/CFT would be an asset.
• Ability to effectively communicate with external parties to verify documentation as part of the due diligence verification process.
• Ability to interpret and apply various laws, regulatory procedures and statements of guidance.
• Data management and entry skills, including the ability to maintain and improve filing systems.
• Proficiency in all Microsoft Office applications, especially MS Excel and Word.
• Ability to work well independently and in collaboration with others.
• Good organisation and time management skills.
Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Rights Certificate need only apply.
Direct applicants only. Applications received from agencies will not be accepted at this time.
Application form may be completed online by visiting cima.ky/careers
Application deadline: 28 February 2025
Wages: To be determined based upon experience and qualifications
(Only shortlisted candidates will be notified)
Application for Employment
Sign up for our E-alerts
Be the first to know about releases and industry news and insights.