Island Paradise Recruitment
Assistant Manager - Risk & Regulatory Consulting (Cayman Islands) - Income Tax Free Salary
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About the role
We are looking for an Assistant Manager to join our client’s (a large accountancy firm) Risk & Regulatory Consulting practice in the Cayman Islands.
As an Assistant Manager in the Risk & Regulatory Consulting team, you will support delivery and growth of the firm’s risk consulting practice across the Cayman Islands, Bahamas, and British Virgin Islands. This role focuses on anti-money laundering, enterprise risk management, internal controls design and testing, and remediation activities, while also supporting regulatory compliance and digital asset-related advisory where relevant.
Main responsibilities include (list not exhaustive):
- Performing Anti-Money Laundering and Compliance reviews, gap analysis, and remediation exercises.
- Support the delivery and coordination of advisory engagements across risk and controls, governance, internal controls design, testing and remediation, operational resilience, and third-party/vendor risk.
- Conduct governance, risk and control assessments, and help support the design and implementation of enterprise risk management, governance structures, risk appetite and risk reporting.
- Execute and oversee internal controls testing (design and operating effectiveness), gap analyses and remediation plans, including preparation of findings and recommendations.
- Assist with regulatory mapping and interpretation for applicable jurisdictional requirements; prepare concise legislative and regulatory summaries to inform clients and internal teams.
- Support project delivery for the duration of engagements, serving as the firm’s key contact for clients, developing and managing the project scope workplans/budgets, assessing risk, managing resources, and coordinating the work of the engagement team; including new client onboarding due diligence and risk management procedures.
- Developing project plans and tracking a variety of client engagements, providing regular status updates and flagging areas requiring escalation or at risk of slipping.
- Assisting in new business development including the preparation and presentation of client proposals, advisory offerings to the market as well as managing relationships with existing clients.
- You may also be required to work in other areas of advisory where your skills may be relevant or adaptable.
- You may also be required to travel, particularly within the Cayman Cluster and to other IFC Advisory locations and for training/conferences/meetings.
- Continue to upskill, develop your industry knowledge, and maintain credentials for designations related to your work.
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Please note that the job location is the Cayman Islands and would be an on-site role on a 2 year minimum contract (promotions and pay raises can occur during the contract). A relocation and work permit package would be provided.
The requirements
- Bachelor’s university degree.
- CAMS certification and/or other Compliance, Anti-Money Laundering, or financial crime-related certification by an established (accredited) body.
- Compliance experience of 4+ years in a professional setting with a Big Four or Top 10 accounting firm, financial institution, regulator, or risk consulting practice.
- Practical experience with internal controls testing, risk management, governance and anti-money laundering.
- Ability to work collaboratively with stakeholders, with limited supervision where warranted – strong team player and key contributor to securing and delivering client engagements.
Compensation and benefits
- A competitive remuneration package that is commensurate with qualifications and experience and paid tax-free.
- Relocation and work permit package.
- Medical and pension perks.
- Gain experience in one of the world’s leading offshore financial services centres.
Why the Cayman Islands?
A Slice of Paradise:
- Cayman’s Seven Mile Beach, with its crystal-clear waters and pristine white sand, was ranked #15 in TripAdvisor's 2024 annual Travellers' Choice Awards for the world’s best beaches. The island offers a wide range of activities, including visiting the world-famous Stingray City, exploring the Bioluminescence Bay, diving, kitesurfing, surfing, deep-sea fishing, and other water sports. You'll also find an impressive selection of top-tier restaurants and much more to enjoy in this tropical haven.
A Global Financial Services Hub:
- The Cayman Islands is a leading offshore financial centre, attracting top-tier expertise to support and assure financial markets. Cayman is the leading offshore domicile for investment funds globally, with approximately 70% of non-US domiciled funds managed by US-registered investment advisers based here, according to the US Securities and Exchange Commission.
- Cayman is also a significant player in the insurance industry, holding the position as the second-largest domicile for captive insurance entities globally and one of the fastest-growing reinsurance domiciles in the world.
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Fast-Track Career Progression:
- The dynamic nature of the expat workforce in Cayman provides unique opportunities for fast-track promotions. Employees often work for a few years before moving on, opening doors for career advancement. Gaining experience in one of the world’s leading offshore financial hubs is a valuable addition to any CV, offering a competitive edge for future career opportunities.
A Thriving Expat Community:
- Cayman has a vibrant expat community, particularly in the financial services sector. Each year, a large number of accounting and finance professionals relocate to the Cayman Islands (typically between September and January) creating a fantastic environment for networking and socializing. Activities like beach BBQs, boat trips, and sporting events, such as beach volleyball and rugby, are part of everyday life in Cayman.
Seamless Travel Connections:
- Cayman is well-connected with direct flights to major destinations, including Miami (1h 30m), New York (3h 45m), Cuba (1h 10m), the Bahamas (1h 35m), London Heathrow (11h), Los Angeles (6h), Toronto (4h), Denver (4h 30m), Panama (2h), Honduras (1h 30m), Jamaica (1h), and more—making it an excellent base for travel enthusiasts.
Tropical Climate:
- Located in the Caribbean, the Cayman Islands enjoys warm temperatures year-round, typically ranging between 25°C and 30°C. The average sea temperature in the Cayman Islands is warm and inviting year-round, making it an ideal destination for water activities like swimming, snorkelling, and diving.
Tax-Free Living:
- With no income tax, the Cayman Islands offers the opportunity to earn your full salary and bonus tax-free, allowing you to maximize your earnings.
Confidentiality when applying
We act with absolute confidentiality and we completely understand that your current employer might not be aware that you're exploring the job market. When you apply, your application is kept completely confidential from both your current employer and also the hiring company. If we feel you might be a good fit, we'll arrange a call with you to chat through the opportunity in more depth. Only after the call will we request permission to share your CV with the hiring company.
Disclaimer: All personal information collected during the application process will be used for recruitment-related purposes only. Only successful candidates will be contacted.
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