We are working exclusively with an International Wholesale Bank located in the City of London, who are looking for a Compliance Manager to join the team.
THE RESPONSIBILITIES:
Report to the Chief Compliance Officer, covering all aspects of compliance, specialising in customer due diligence and anti-money laundering.
Review due diligence in respect of customers at take-on, making recommendations for compliance with branch policy. This will include an assessment and recommendation to the CCO/MLRO and President for accepting new customers.
Good functional knowledge of UK and global financial crime regulatory environment, as well as UK conduct regulation, generally. Research and understand changes in regulations, making recommendations to senior management for amendments to branch policy and procedures.
Work to develop AML guidance materials, training resources.
KYC remediation.
As directed, identify, investigate, and resolve all activities that are deemed noncompliant.
Address issues relating to PEP, adverse media, transaction monitoring and sanctions.
Single point of contact for all related activities for relationship managers. Assist relationship managers to address complex and problematic KYC cases.
Provide support for preparation of management information and liaison with Head Office.
In conjunction with the CCO, implement the annual AML risk assessment, compliance monitoring plan and perform the relevant quality assurance checks to ensure adherence of the branch to regulatory requirements.
Conduct due diligence and EDD reviews on high-risk relationships. Support the CCO regarding suspicious activity reports (SARs) in investigation and reporting.
Managing 4 eye checks on onboarding cases performed by Business Development team.
Provide progress reports and recommendations to senior management on the suitability to continue to do business with customers, in conjunction with the Business Development team.
Compile reports for the management team and internal risk committees.
Support the CCO in administering Compliance registers and other activities relevant to operation of the branch.
Undertake and document periodic Compliance monitoring as well as ensure effective ongoing maintenance of relevant Compliance team registers.
Organize employee Compliance training on compliance matters.
In support of the CCO, oversee and monitor effective implementation of measures to mitigate sanction risk.
Maintaining and updating sanctions list, advising staff of changes.
Act as primary liaison contact for the Compliance team with Head Office, providing management reporting and dealing with ad-hoc requests, at all times keeping the CCO informed and seeking approval, as required.
EXPERIENCE REQUIRED:
Must be fluent in Mandarin – Written and Spoken.
3 – 5 years Compliance & AML experience.
Advantageous to have had prior experience within the wholesale banking environment and experience with the compliance and AML regulations related.
For further information please contact Jordan White
