Job Detail

About us

As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
Rothschild & Co is a global and family-controlled group. We provide M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide.

Having been at the centre of the world's financial markets for more than 200 years we can rely on an unrivalled global network of more than 3,800 talented employees and a track-record of outstanding execution with 50 offices around the world.

Our integrated global network of trusted professionals and decision makers around the world provide in-depth market intelligence, meaning we can be closer to current issues than any other global financial institution in our core markets.

It is this scale, local knowledge and intellectual capital that allow us to provide a distinct perspective and effective long-term solutions for our partners.

Overview of Role

Rothschild & Co Bank AG in Zurich is a Swiss Financial Institution within the meaning of the Common Reporting Standard (CRS). The bank implemented all the measures required by the Swiss legislation implementing the CRS, including registration as Financial Institution, review and documentation of pre-existing accounts, adequate documentation of new accounts, identification and reporting of reportable accounts and information to clients.

The regulatory requirements and procedure applied by the bank are not yet documented in a complete and comprehensive manner. The bank therefore would like to formalize the CRS governance in a set of documents describing applicable processes, roles and controls. In addition, after a couple of years of the application of the CRS, there is a need to review them and establish potential gaps and weaknesses.

Therefore, a review of the existing governance, closing gaps where necessary, recommending improvements, is required as well.

The result of the project should be a set of draft CRS governance documentation that would ensure CRS compliance of the bank. This documentation, subject to the approval by the bank, will be subject to internal and external audits. It is therefore of the essence that all relevant regulatory requirements are covered. In particular, the following processes should be documented:

• Client onboarding (CRS guide for client onboarding team)


• Monitoring of CRS status of clients (change in circumstances) and managing changes


• Indicia search and review


• Review of reportable accounts and reporting


• Client communication and information

Identified gaps and recommendations on closing them should be summarized in a separate document. This is a fixed-term internship position for 4 – 6 months with an ideal start date of May or June 2021.

Overview

• The documentation work will require a good understanding of the CRS rules, both the OECD CRS standard and the Swiss guidance


• The work can be performed as part of a scientific research or thesis

Education and Qualifications

• University degree (Bachelor)


• Ideally gained first work experience in banking, fiduciary or consulting in a finance role


• Proficient in MS Office

Experience, Skills and Competencies Required

• Fluent in English, other languages (German, French) are beneficial


• Problem-solving mind-set combined with strong analytical skills


• Team player


• Strong communication skills


• Structured, organized and collaborative personality


• Independent and precise way of working

If you are curious to learn more about this role, then please submit your CV and Cover Letter through our recruitment tool.