Job description

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  • Location:
    Guernsey
  • Department:
    Compliance
  • Division:
    Guernsey
  • Employment Type:
    Full time
  • Salary:
    Competitive

Compliance Officer & Deputy MLRO (6179)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Compliance Officer & Deputy MLRO

Key relationships

Within organisation

  • All Investec Guernsey and Jersey staff 
  • Senior Management of Investec Bank (Channel Islands) Limited
  • Investec Group Compliance
  • Investec Group MLRO's
  • Internal Auditors
  • Group Standards Compliance Monitoring team

Outside organisation

  • Guernsey Financial Services Commission
  • Jersey Financial Services Commission
  • Guernsey Financial Intelligence Service
  • Jersey Financial Crimes Unit
  • Police / Customs
  • External Auditors
  • Other professional associations and third parties such as Private Investigators and GACO
  • Guernsey Policy Council
  • Jersey Chief Ministers Office

 

Have unfettered access to all business lines and support departments

(ii) Mandatory professional qualifications and exams (required for the role)

(ii) Mandatory professional qualifications and exams required under the FCA T&C rules or prescribed by IBP (please state N/A if no qualifications/exams are required for this role):

 

  • Preference given to a graduate or equivalent education level and/or International Compliance Association qualification to help demonstrate a working knowledge of compliance related issued in connection with the banking and investment sectors

Team Description

An exciting opportunity to join a leading offshore, Guernsey based financial institution that provides private banking and execution only investment products and services (amongst others) to its clients. The successful candidate will join an established compliance and risk team that has extensive skills and experience both locally and outside of the Channel Islands. The role offers the opportunity for a long-term career at the firm with the opportunity for personal growth and development.

Description of role and key responsibilities

 

·            To provide support and assistance to the IBCI Chief Compliance Officer, MLRO and the compliance team in order to ensure compliance in accordance with the appropriate legal/regulatory requirements and internal Polices and Procedures taking account of the various requirements and obligations of the each business unit.

·            Act as Deputy MLRO and be fully aware of the relevant obligations under the Regulations, the relevant enactments and the Handbook.

·            Deputise for the MLRO and be empowered to act with the same authority and in those circumstances be the principal point of contact with the staff.  For example - Internal Suspicious Transactions, their review and onward transmission, as appropriate, to the FIS.

·            Maintenance, execution and regular update of the core compliance and monitoring systems and registers within IBCI under appropriate guidance and supervision as required, including appropriate filing of documentation.

·            Support the MLRO in the implementation and maintenance of an effective compliance and anti money laundering culture within IBCI through dissemination of appropriate information including the management of “tipping off”. To field queries from the business and build on their knowledge over time.

·            To develop, evaluate and present anti-money laundering, anti terrorist financing, sanctions and other relevant compliance training and awareness.

·            Provide compliance and financial crime, support, advice and guidance to the business in order that all staff are able to comply with their regulatory responsibilities and adhere to internal policies and procedures.

·            Assist in ensuring that all regulatory notices are analysed and distributed as appropriate.

·            Researching, obtaining and providing information for any money laundering investigations or Court, Regulatory and Tax Disclosure Orders where appropriate.

·            Help and provide guidance to the Onboarding Team and undertake final sign off of the regular sample Approved Introducer/Intermediary checks on demand to review / check for reasonableness and accuracy.

·            Carry out regular On-Site Approved Intermediary / Introducer update visits with recommendation to NBF.

·            Carry out new take on On-Site Approved Intermediary / Introducer and recommendations to NBF.

·            Represent Compliance at internal meetings such as the Compliance and Onboarding Forum, New Business Forum, Risk Review Forum and Communications meetings as required.

·            Manage compliance projects that arise from time to time.

·            To work as an integral part of the compliance team with a good understanding of both the Jersey Branch and Guernsey regulatory environment and provide support thereto as necessary.

·            Carry out ad hoc tasks as required from time to time.

 

Core skills and knowledge

·            Ideally at least 4 years' experience in Banking, Fund industry or Trust of which at least 3 years with Compliance and financial crime related experience.

·            Preference given to a graduate or equivalent education level and/or International Compliance Association qualification to help demonstrate a working knowledge of compliance related issued in connection with the banking and investment sectors

·            A strong awareness of the regulatory environment and guidelines as issued by the Guernsey Financial Services Commission.

·            Computer literate including Outlook, spreadsheets, word processing and databases

·            Methodical, thorough attention to detail and an enquiring mind.

·            Good understanding of the English language both verbal and written in order to discuss issues coherently and write reports and procedures.

·            Willingness to study for relevant qualifications as applicable.

·            A self motivated, quick learner.

·            Demonstrate the highest level of integrity in all matters

·            Strength of character to be able to represent Compliance as necessary.

·            Willingness to travel to Jersey branch from time to time

 

PLEASE NOTE

All candidates MUST hold an employment permit/Right to Work document for Guernsey

 


 
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Location
Guernsey
Glategny Court, Glategny Esplanade, Guernsey, Channel Islands, GY1 1WR
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Meet the recruiter

Philippa Nicolle

+44 1481 706461

LinkedIn

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance
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