Investec is a distinctive financial services group serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues that bring out of the ordinary thinking, and we put them in environments where they'll flourish. We combine an accessible structure with a focus on internal mobility. The role demands an entrepreneurial spirit and a desire to learn and collaborate to help the business grow and to drive profitability; to deliver a commercial impact for the business.

The role:  

The MLCO is a Prescribed role in Guernsey requiring Guernsey Financial Services Commission (“GFSC”) no objection. The role holder is appointed by the IBCI Board and is tasked with the function of monitoring compliance with regulation, legislation and standards in relation to money laundering, financing of terrorism and proliferation financing as well as regulatory codes of practice. The role objective is to ensure and clearly demonstrate that IBCI complies with all requirements.

Key responsibilities:

• The MLCO's role is to monitor the firm's compliance with its Financial Crime policies, procedures and controls and periodically report thereon to the board. In this respect the functions of the MLCO include:
• Overseeing the monitoring and testing of IBCI's AML, CFT and CFP policies, procedures, controls and systems in place to assess their appropriateness and effectiveness.
• Devising and maintaining a schedule of monitoring activity on a risk based approach, tracking outcomes and issues to resolution.
• Ensuring that the monitoring is executed in a timely, robust and comprehensive manner.
• Raising any matters of concern or non-compliance identified by the monitoring.
• Assisting process owners and relevant staff in understanding and remediating issues identified where necessary.
• Establishing and maintaining appropriate procedures and controls to mitigate any risks arising from IBCI's compliance monitoring and to remediate issues where necessary and appropriate in a timely manner.
• Reporting periodically to the Compliance and Financial Crime Committee and IBCI's Board on compliance matters, including the results of the testing undertaken and any issues that need to be brought to the board's attention.
• Assist the CCO and IBCI Board in the review, analysis and updating of the Business Risk Assessment and ensuring appropriate monitoring of the controls.
• Assist the compliance function with the delivery of training on financial crime and regulatory matters.
• Work alongside the Risk, Operational and Business functions in ensuring control effectiveness is tested and assured and where necessary flag improvements.
  
  The IBCI MLCO will be fully supported by the CCO and the broader IBCI Compliance Team in the delivery of their objectives and responsibilities.

Essential criteria:

Core Skills and Knowledge 

The ideal candidate should have a mix of risk, compliance and financial crime skills, knowledge and experience. Priority will be given to candidates with compliance and financial crime skills, knowledge and experience. The role requires previous experience within the banking sector.

Compliance & financial crime

Several years' experience in compliance and financial crime in the financial services sector.

Have a Compliance qualification (ICA or other) or be willing to obtain one.

General

• Methodical, thorough, and attentive to detail, with the ability to step away from the detail to take a high-level view of the team, then process any issues at hand.
• Adept at analytical and critical thinking.
• Skills to ensure a client centric approach to the day-to-day operations of the team.
• Client focussed attitude with the risk framework set by the Bank.
• Be self-motivated, a self starter that can work on their own or as part of the team.
• Excellent verbal and written communication skills, as a large part of the role in talking with colleagues.