Money Laundering Compliance Officer and Mlro - Guernsey, United Kingdom - Investec

Investec

Verified Company

Guernsey, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

We're one of the UK's leading investment management companies, with responsibility for over £44 billion of client assets.

We've worked closely with clients and their trusted advisers for many years and gained a unique understanding of the specific needs of our clients.

Investec Wealth & Investment seeks to deliver exceptional levels of customer service and has been trusted to meet the needs of private investors for almost 200 years.

But our eyes are focused on your future.

Right now we're a team of over 1400 dedicated professionals located across 14 sites in the UK. We're looking to strengthen our team and need you to come on board and make a difference.

The MLRO and MLCO roles are based in Guernsey and offer the opportunity for an experienced compliance professional to join a dynamic and growing wealth management business.

The role provides for a long-term career at the firm with the opportunity for personal growth and development.

The role holder is responsible for the implementation and ongoing development of the Compliance and Financial Crime risk culture including the regulatory and financial crime frameworks, and systems and controls within IW&I (CI).

To partner with the wider Compliance & Risk team (including Financial Crime) in both Guernsey (IBCI) and the UK (IW&I UK) to ensure consistency and alignment.

The primary focus is on the domestic Guernsey business undertaken by IW&I (CI), but the role may also involve providing assistance with International initiatives within IW&I, as appropriate.

The key objective is to provide an integrated approach to managing regulatory and financial crime risks across the local Guernsey business (and also business booked on IW&I's Guernsey platform) to ensure a consistent approach in line with Guernsey regulatory and IW&I Group requirements.

Advise the Board of IW&I (CI) and the IW&I (CI) team on regulatory and financial crime risks and the regulatory and financial crime frameworks.
Act as the Money Laundering Compliance Officer and Money laundering Reporting Officer for IW&I (CI).
Liaison with the GFSC on all regulatory matters; IW&I (CI) primary contact for the GFSC.
Periodic review of existing frameworks (risk assessments, policies, procedures, monitoring programmes).
Undertake compliance monitoring (where conflicts permit) and maintain IW&I (CI)'s Compliance Monitoring Programme. Collaborating with IBCI and the UK Compliance Monitoring and Financial Crime teams to leverage coverage and best practice.
Ensure effective MI on regulatory and financial crime risks is provided to the IW&I (CI) Risk Review Committee.
Promote a culture of compliance with internal policies, procedures and regulatory requirements at IW&I (CI) through the provision of training and other activities.
Work with IW&I UK Compliance and Financial Crime Compliance teams to ensure effective collaboration and alignment to global standards.
Regulatory and financial crime risk representative on the Risk Review Committee, and member of IW&I (CI)'s High Risk Client Committee.
Advise on the regulatory and financial crime risks in relation to projects.
Monitor Guernsey regulatory developments as they relate to IW&I (CI) and advise on and help implement change as required.
Complete regulatory reporting to the GFSC, and produce reports as required for IW&I (CI)'s Board and governance committees.
Monitor crossborder risk and advise the IW&I (CI) team as necessary, in conjunction with UK Compliance as required.
Collaborate with the IW&I UK Compliance teams on the review and approval of financial promotions and the handling and resolution of client complaints in accordance with Guernsey regulatory requirements.
Review the provision of outsourced services where those are undertaken by the UK Financial Crime and Compliance teams.

Core Skills, Knowledge and Personal Attributes

A thorough understanding of the Guernsey Financial Services Commission regulations applicable to investment management (desirable) and antimoney laundering (essential).
Experience of acting as a Money Laundering Compliance Officer, Money Laundering Reporting Officer and/or Compliance Officer.
Experience of providing regulatory advice and/or conducting Compliance monitoring.
Strong technical knowledge and expertise in the financial services regulations applicable to wealth businesses.
Ability to understand, interpret rules and regulations and to clearly and succinctly articulate their impact in the context of the business environment.
Excellent verbal and written communication skills and ability to converse with all levels across the organisation.
Confident in ability to present as required at Committees and events.
Ability to write reports and summarise to a level commensurate for exec level consumption.
Good technical, analytical and problemsolving skills, strong attention to detail
Ability to balance demands such as ensuring monitoring work is completed and kept up to date whil