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Job Description :
Compliance Officer – 6 month Extendable Contract – Global Private Bank
. Ensuring compliance with legislation applicable in the relevant jurisdiction. Monitoring for legislative and regulatory changes that may impact the activities of the Firm
. Assist compliance function in ensuring the organization is compliant with relevant rules and regulations and providing efficient support to the management and staff and ensure prompt communication with superior and/ or management
. Ensure that procedures for new account opening are strictly adhered to and ascertain that the KYC and Client Agreement forms are properly completed. Ensure that, prior to opening any client’s account necessary KYC information and supporting documents on the client have been obtained and prepare client assessment.
. Ensure compliance with the account opening process and act as Liaison between RM’s and the relevant booking centers to effectively support the business within the compliance framework
. Reviewing all Client acceptances, KYC, due diligence requirements, and assessment of Client risk as well as monitoring financial transactions for existing clients to identify suspicious activities
. Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high-risk accounts . Help in identifying potential weaknesses in processes and suggest solutions.
. Assisting in updating the Compliance Manual in accordance with any changes to legislation or rule books
. Assisting in maintaining the organization’s anti-money laundering policies, procedures, systems, and controls in line with anti-money laundering legislation
. Assist in taking the appropriate action pursuant following the receipt of an internal Suspicious Transaction Report from employees, including investigation and assessment of reporting requirements in the absence of the MLRO and deputy MLRO . Assisting in preparing and maintaining an appropriate anti-money laundering training program, on at least an annual basis and adequate awareness arrangements applicable to the organization’s business
. Maintaining and updating the Anti-Money Laundering Manual. Special employment conditions/ professional demands . Integrity and ethical standards – Abiding at all times by the organization’s Code of Conduct, the firm’s AML and Compliance manual, and other directives and processes.
. Adherence to the Compliance and Anti-Money Laundering/ STR obligations. Ensure that activities are conducted within the regulatory requirements.
. Investigation, clarification, as well as troubleshooting. Handling complaints and service issues as per standards. Be proactive in improving processes, problem-solving skills, take responsibility, and be a team player. Additional Requirements
. Ability to work longer hours depending on the nature and scope of work.
. Special background/degree: e.g., Legal education, financial education, experience in advisory/product offering.
