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Compliance Associate , Wealth Management , Private Bank

Posted on Sep 18, 2020 by CV-Library

London, United Kingdom
Immediate Start
£40k - £50k Annual
The Company:

Our client is a Private Bank specialising in Investment Management & Private Wealth Management.

The Role

The Compliance Associate will support the Compliance department within the Private Bank, assisting in the management of regulatory and compliance risk, as well as assisting with the production of Compliance MI and other administrative Compliance tasks.

The Compliance Associate will be responsible for daily monitoring and release of SWIFT messages picked up on sanctions screening system.

Daily review and approval of all transactions submitted by Relationship Managers for high value cash payments in/out and Weekly scan for new adverse news reports/criminal activity and investigation.

The Compliance Associate will assist in ensuring that all necessary KYC and other compliance checks are performed on all new high risk, PEP and standard risk accounts upon receipt of files from Relationship Managers and Client Documentation.

Assist MLRO / deputy MLRO in preparation and production of material for annual PEP and High Risk reviews.

Assist staff with interpretation of rules and assist in development of a positive compliance culture

Providing output for monthly Senior Managers Compliance Committee and Risk Committee and Assist with ensuring that compliance Directives, Policies & Procedures remain up to date.

The Compliance Associate will be responsible for maintenance of various registers: Breaches, Inducements, High Risk and PEP lists, Blocked account list, Full client lists, PAD

Maintenance of the Financial Promotions log and daily news screening.

Completion of group compliance reporting and ad hoc requests.

The Candidate

Essential - 3 years’ experience of working in a financial services industry Compliance Department – ideally Investment Management, Wealth Management, Private Banking.

Good experience of working with a variety of internal support and compliance systems.

Ability to work in a small team

Reference: 212466083

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