Job description

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    Full time
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New Business & Risk Review Officer (6336)

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!

Role Title

New Business & Risk Review Officer

Reporting to

Teresa Merrien


New Business & Risk


Investec Bank (Channel Islands) Limited

Key relationships

Internal (within Organisation)

  • All departments in Investec Bank (Channel Islands) Limited
  • Investec Private Bank – London
  • Information Bureau within IBP London as necessary


External (Outside organisation)

  • Trust and Corporate Service Providers
  • Fund Administrators
  • Corporate Client







(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 IW&I (please state N/A if no qualifications/exams are required for this role):



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 new business and risk team that has extensive skills and experience.  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

Role Definition


·         To safeguard the organisation, its reputation, assets and the interests of stakeholders by identifying and managing potential threats to the achievement of our business objectives in relation to existing client maintenance.

·         It is key that the job holder must have a good understanding of the regulatory environment including the regulations, rules and guidance and their implications relevant to the job and to follow all applicable internal compliance considerations and appropriate processes, policies and procedures.

·         This is a new role to the Bank and it is expected that it will develop and mature within the New Business & Risk Team, and wider business over time.  The below key responsibilities set out the Bank's current requirements within the role; however, with input from the role holder, this is expected to evolve over time.

·         At all times, provide an exceptional client experience.


Key Responsibilities

·         Undertaking risk reviews of low, medium and high risk clients, including ensuring thorough completion of all internal documentation, including review of client documentation, completion of all checklists, completion of screening and other relevant searches.

·         All documentation must be carefully reviewed to ensure that it is complete, consistent and at an acceptable standard for the Bank. Liaison with the Intermediaries and/or RMs will be required in order to identify and obtain any required additional information in respect of any review.

·         Ensuring up to date accurate and relevant due diligence is held in line with the Bank's Handbook is a core responsibility.

·         Updating information and proactively identifying errors and omissions which may stimulate the need for updated risk assessments and /or necessary corrections.

·         Assisting in work relating to FATCA & CRS to ensure clients are compliant. Undertake a classification reasonableness check and refer as required.

·         Day to day monitoring of outstanding queries and escalating in accordance with the Bank's procedures.

·         To assist with Trigger Event reviews and Onboarding work within the wider New Business and Risk Team as and when required

·         Supporting the business with Approved Introducer and Obliged Person risk reviews, including the completion and updating of checklists, identification of Intermediary training needs and liaison with the RM as required.

·         Carrying out ad hoc tasks as required from time to time

·         Retrospective exercises: support and management of any retrospective CDD exercises to support the needs of the business, including the identification and rectification of errors and omissions whilst following the review process.

·         To be a valued and collaborative team member.

Core skills and knowledge

Core Skills

  • Some exposure to management of regulatory risk in a large financial institution.
  • Strong attention to detail.
  • An inquisitive and enquiring mind.
  • Challenging yet non-confrontational.
  • Persistence, an eye for detail and ability to complete projects within specified deadlines.
  • Personal organisation and planning skills, proven time management skills with ability to meet deadlines.
  • Excellent communications and presentation skills, to be able to inform and persuade both orally and in writing.
  • Strong influencing skills that result in winning the co-operation of RMs and colleagues and maintaining the appropriate priority for regulatory matters.
  • Able to operate independently and escalate appropriately with confidence.


·         A detailed knowledge of the general tools and techniques of account opening, KYC/CDD processes and all risk review processes.

·         In depth knowledge required of client structures in order to facilitate the collection of Customer Due Diligence and compliance with local regulatory requirements.

·         Detailed knowledge of FATCA and CRS requirements.

·         Knowledge of our organisation and the environment (e.g. regulatory, physical) in which it operates.

  • Actively considers the wide picture identifying patterns and connections between issues and situations that are not obviously related.
  • Logically breaks down problems and situations into their essential parts and draws reasonable conclusions based on their analysis.

Any other attributes that would be helpful, but not essential for the role.

Candidates must hold a valid Right To Work/Employment Permit for the Island of Guernsey

Close map
Glategny Court, Glategny Esplanade, Guernsey, Channel Islands, GY1 1WR

Meet the recruiter

Philippa Nicolle

+44 1481 706461


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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