Director of Compliance Solutions

About the Company

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, Ascentium drives extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence. Drawing on over 50 years of Harneys Fiduciary’s experience in key global jurisdictions such as the British Virgin Islands, Cayman Islands, Cyprus, Hong Kong, and Singapore, our teams combine deep local expertise with global reach, offering time zone and language-appropriate services to clients around the world.

About the Role

The Director, Compliance Solutions role entails overseeing the strategic direction, growth, operation and client service delivery of the Compliance Solutions department. This role involves providing leadership, guidance, and expertise in:

• Regulatory Reporting (primarily Fatca/CRS)
• Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation Financing (AML/CFT) regulations

to a diverse portfolio of Cayman Islands and BVI licensees. The role will oversee a team that provides these services to a variety of the firm’s client structures, will ensure compliance with regulatory requirements, and will work closely with the Managing Director, Funds in delivering exceptional client service.

Responsibilities

The post holder will be responsible for and expected to perform the following duties:

• Grow and provide strategic direction and leadership to the Compliance Solutions team, setting clear goals and objectives aligned with the company's vision and more generally promote the Group’s funds strategy.
• Oversee the provision of Regulatory Reporting (primarily Fatca/CRS) and Anti-Money Laundering Compliance Officer and Money Laundering Reporting Officer services to external clients, ensuring high-quality service delivery.
• Lead and mentor a team of compliance and regulatory professionals, fostering a culture of excellence, collaboration, and continuous learning.
• Ensure compliance with regulatory and legal requirements, monitoring risks, and implementing appropriate controls and procedures.
• Develop and implement key policies, operating procedures, and management information reporting systems to support the service line.
• Advise clients on complex AML/CFT compliance issues, providing expert guidance and timely support to the Client Boards.
• Conduct regular audits of clients' AML/CFT programs, identifying areas for improvement and implementing necessary enhancements.
• Collaborate with internal and external stakeholders, including the relevant regulatory authorities and auditors, during regulatory visits and audits.
• Provide guidance on client business procedures and processes, ensuring alignment with AML/CFT regulations and best practices.
• Oversee daily administration tasks such as client setup, monitoring, billing, and invoicing, ensuring accuracy and efficiency, as well as accurate data capture in the relevant system.
• Drive and deliver departmental projects, ensuring they are completed within quality standards, deadlines, and budget constraints.
• Stay informed about legal and regulatory changes affecting clients' compliance environment, assessing their implications on existing policies and procedures.
• Maximise revenue generating opportunities, ensuring appropriate fees and accurate invoicing.

Qualifications

This position requires an individual with:

• A university level degree, in legal, compliance or business.
• 10 + years of practical experience in compliance, regulatory, legal or investment funds industry.
• Previous regulatory authority approval as an AML Officer an advantage.
• In-depth knowledge and understanding of Fatca/CRS and AML/CFT regulations, particularly in the Cayman Islands and BVI.
• Solid understanding of Cayman Islands/BVI fund structures.
• Self-motivated and can deliver under pressure to deadlines.
• Possess a wide existing network of professional intermediaries and excellent networking skills.
• Strong attention to detail with the ability to deliver accurate documentation under tight timescales.
• Use of initiative to improve processes and ability to review and implement strategy.
• Effective written and oral communication skills in both English and Mandarin.
• Encourage team spirit and professionalism, assisting colleagues and the business as needed.
• Highly proficient in Microsoft Word, Excel, Outlook.
• Ability to review, understand and implement system and documentation changes as needed.
• A strong client service acumen and an ability to teach the team how to effectively communicate with clients.