Compliance Officer United Kingdom
Job description
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.
Role Title
Compliance Officer
Reporting to
Head of Risk and Compliance
Team
Compliance
Division
Investec Bank (Channel Islands) Limited (“IBCI”)
Key relationships
Within organisation
- All Investec Guernsey, Jersey and Isle of Man staff
- Senior Management of Investec Bank (Channel Islands) Limited
- Investec Group Compliance
- Investec Group MLROs
- Internal Auditors
- Group Standards Compliance Monitoring Team
Outside organisation
- Guernsey Financial Services Commission
- Jersey Financial Services Commission
- External Auditors
- Other professional associations and third parties such as Private Investigators and GACO
Have unfettered access to all business lines and support departments.
Regulated Position
- Yes No
Qualifications
(ii) Mandatory professional qualifications and exams (required for the role)
- Preference given to a graduate or equivalent education level and/or International Compliance Association qualification to help demonstrate a working knowledge of compliance related issues in connection with the banking and investment sectors.
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 compliance and risk team that has extensive skills and experience both locally and outside of the Channel Islands. 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
- Initially focus on the Compliance Monitoring Programme and providing general assistance to the wider compliance team.
- To provide support and assistance to the IBCI Head of Risk and Compliance and the Compliance Team in order to ensure compliance in accordance with the appropriate legal/regulatory requirements and internal Policies and Procedures, taking account of the various requirements and obligations of each business unit.
- Develop skills and experience to:
- Assist in ensuring that the Bank's regulatory risk is managed in accordance with the Bank's (and the Investec Group's) regulatory risk framework and financial crime risk appetite.
- Provide support to maintain a comprehensive Board approved Compliance Monitoring plan.
- Execution of core compliance and monitoring systems and maintenance of registers within IBCI under appropriate guidance and supervision as required, including appropriate filing of documentation.
- Support the MLRO and Compliance Team in the implementation and maintenance of an effective compliance and anti-money laundering culture within IBCI.
- To field queries from the business and build on staff knowledge over time.
- To support anti-money laundering, anti-terrorist financing, sanctions and other relevant compliance training and awareness.
- Provide compliance and financial crime support, advice and guidance to the business in order that all staff are able to comply with their regulatory responsibilities and adhere to internal policies and procedures.
- Assist in ensuring that all regulatory notices are analysed and distributed as appropriate.
- Help and provide guidance to the On-boarding Team and undertake final sign-off of the regular sample Approved Introducer / Intermediary checks on demand to review / check for reasonableness and accuracy.
- Carry out regular On-Site Approved Intermediary / Introducer update visits with recommendation to the Business Acceptance Forum.
- Carry out new take-on On-Site Approved Intermediary / Introducer and recommendations to the Business Acceptance Forum.
- Represent Compliance at internal meetings such as the Business Acceptance Forum, Compliance and Operations Forum, Approved Introducers and Obliged Persons Review Forum and Compliance and Financial Crime Committee.
- Manage compliance projects that arise from time to time.
- To work as an integral part of the Compliance Team with a good understanding of both the Jersey Branch and Guernsey regulatory environment and provide support thereto as necessary.
- Carry out ad-hoc tasks as required from time to time.
Core skills and knowledge
- Ideally at least 4 years' experience in Banking, Fund industry or Trust, of which at least 3 years with Compliance and Financial Crime related experience – although not essential. Consideration will be given to other experience and skills.
- Preference given to a graduate or equivalent education level and/or International Compliance Association qualification to help demonstrate a working knowledge of compliance related issues in connection with the banking and investment sectors.
- A strong awareness of the regulatory environment and guidelines as issued by the Guernsey Financial Services Commission.
- Computer literate including Outlook, spreadsheets, word processing and databases.
- Methodical, thorough attention to detail and an enquiring mind.
- Good understanding of the English language - both verbal and written in order to discuss issues coherently and write reports and procedures.
- Willingness to study for relevant qualifications as applicable.
- A self-motivated, quick learner.
- Demonstrate the highest level of integrity in all matters.
- Strength of character to be able to represent Compliance as necessary.
- Willingness to travel to Jersey branch from time to time.
PLEASE NOTE
All candidates MUST hold an employment permit / Right to Work document for Guernsey.
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.
We want our people to feel empowered to be themselves in an environment that supports them, enabling them to perform in “out of the ordinary” ways. Our culture places belonging and inclusion at its centre and our work environment is integral to this. If you require any adjustments to support you through the recruitment process, as well as supportive and flexible working arrangements to help you succeed with us, please let our recruitment team know.
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!
