Our client seeks a Business Control Officer to join their team.
Role Profile: This role involves close and regular interaction with all members of the Family Office and Corporate Service team, Accounting, Banking, Investment, Middle Office and Risk & Compliance.
Key Responsibilities:
* Provide practical assistance, support and advice to Relationship Managers associated with trusts, company's administration and trustees on compliance related matters.
* Manage a small team providing operational compliance support to the Family Office Isle of Man.
* Work with Relationship Managers, assistants, and Business Heads to build and strengthen the relationship with Risk and Compliance.
* Act as the First Line of Defence for Relationship Managers and Business Heads and liaise with Risk and Compliance.
* Conduct client risk reviews, including managing records related to conflicts of interest, breaches, complaints, and operational incidents.
* Record and monitor exceptions, recommendations, and other regulatory matters.
* Prepare new reviews and assist Relationship Managers with customer Risk Assessments.
* Report material risk matters to Risk and Compliance and assist in addressing and mitigating.
* Provide effective training on compliance and AML/CFT matters to Relationship Managers and business heads.
* Review and develop the technical and compliance skills of Front Office employees.
* Collaborate with Relationship Managers to ensure proper updates and risk assessments in the New Business Approval Committee.
* Ensure the Data Base is updated regarding EDD/SDD applications or PEP connections.
* Attend quarterly jurisdictional Risk & Compliance Committee meetings.
* Assist on AML/CFT projects and Risk action items.
* Support regulatory board(s) in data collation for jurisdictional regulatory requests.
* Suggest relevant policies and procedures and coordinate with Risk & Compliance for implementation.
* Work with Business Heads to draft or update operating procedures.
* Maintain and streamline the Front Office section of the Hub, ensuring all processes and policies are up to date.
* Consider business impacts of new laws and regulations and inform relevant heads of changes.
* Liaise with Group Head BCO's on cross-border AML/CFT issues.
* Attend the monthly Centre of Excellence BCO meeting.
Key Skills and Experience:
* At least 8 years of experience in the finance industry.
* Sound experience within the Financial Services Industry, particularly in the fiduciary sector.
* High level of English proficiency.
* Ability to maintain confidentiality regarding client matters.
* Excellent interpersonal and influencing skills.
* Highly organized with attention to detail.
* Flexible and able to multi-task, setting appropriate priorities.
* Advanced Microsoft Office skills (Word and Excel).
* Confidence to deliver practical compliance advice.
* Proven experience in a challenging, fast-moving environment.
Quote job ref: 15608
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