Opening and closing of relationships, classification of business relationships & AML monitoring, prospects analysis:
Day-to-day compliance activities and monitoring including compliance inspections, review and upkeep of compliance-related manuals, routine compliance checks;
Perform checks on account opening application documents for completeness and accuracy;
Liaise with Front Office on outstanding issues relating to documentation and KYC;
Perform enhanced due diligence on PEP, risk countries, risk sectors and other higher risk categories. Provide recommendation for account acceptance or rejection;
Maintain proper file and documentation for audit and inspection;
Perform an investigation on accounts or relationships where there are real or potential AML risks;
Liaison with Front Office in relation to transaction;
Perform an investigation on accounts or relationships where there are real or potential AML risks or at the request of the Head of Compliance;
Liaise with Front Office in relation to transaction monitoring to ensure that AML risks are mitigated/co-ordinate with the respective RMs;
Escalate suspicious transactions/accounts and conducting follow-up investigations;
Prepare mailing;
Conduct periodic reviews.
Update according to national and international law, regulation and court rulings:
Advise the HoC on changes and developments relating to legal environment and propose HoC appropriate and up-to-date compliance arrangements to be put in place e.g. in the internal guidelines, account opening forms, disclaimers, agreements, satisfying applicable legal, regulatory and internal requirements;
Reporting, statistics and escalation of compliance issues to the HoC; Specific issues on a case-by-case basis e.g.:
Legal authorities inquiries;
Litigations/new clients’ claims;
Staff training (e.g. code of conduct, AML, cross border);
Agreements review;
Assistance to the Corporate Advisory and Structuring and Asset Services teams in the context of prospects’ analysis.
Skills & Qualifications
At least 2 years banking experience in a similar position;
Good knowledge of industry best practices and regulatory trends;
Law or economics degree;
Strong research, writing and analytical skills;
Ability to work independently, make informed decisions, and set own priorities;
Ability to work collaboratively and across services;
Ability to multi-task and execute tasks with a sense of urgency with the ultimate goal being to deliver on tasks in a crisp and timely manner;
Fluent in English and French, another language would be valuable and at least school level in German;
