•To advise on review and approved new accounts and Periodic Reviews in line with the requirements set out in the Private Bank CDD Procedures
•To assist in the growth and development of the business through advice and guidance to management and staff in relation to the various regulatory requirements of financial services provision.
The role supports the PvB Head of Compliance to deliver overall, appropriate CDD management and maintenance of standards in the Private Bank:
Specifically, the candidate must:
•advise on PvB CDD policy and procedures and applicable local laws and regulations
•advise on and escalate higher risk relationships and reputation risks arising from CDD
•test compliance with and assurance of policy and standards in country relating to CDD
•ensure the Bank’s compliance with all laws, regulations, guidelines, policies and procedures that apply to the business.
The candidate must actively contribute to:
•assessing CDD risks arising from specific clients and advise the business on management and mitigation of those risks in the best interests of Private Bank and being Here For Good
•a collaborative working relationship with the Private Bank and the country Head of FCR to ensure that local CDD procedures remain up-to-date and in compliance with local laws and regulations in country;
•the training of teams in the Private Bank that are responsible for CDD in the first line of defence and establishing a feedback loop to support continuous improvement and awareness;
•ongoing testing of compliance with the PvB CDD procedures and applicable local laws and regulations
Leadership and management
•Supports efforts to position the Bank as an industry leader in the eyes of the relevant regulators and industry stakeholders as Here For Good
Knowledge development and information management
•Offers subject matter expertise, drawing on all FCR networks, professional qualifications and experience.
•Ensures effective escalation within the Bank to the right stakeholders.
•Legal and Compliance network
•Financial Crime Risk network
•Country compliance network
•Peers in other banks.
•Solid understanding of regulatory requirements and internal procedures and how they inter-relate.
•In depth understanding of the day to day operations of PvB’s systems and processes in each country
•In depth understanding of PvB Policies and Procedures
•In depth understanding of local and international regulation
•Understanding of both sides of “the Scales” i.e. being a Business Partner and also an Independent Guardian
The PvB country CDD Advisor ideally has experience in one or more of:
•Compliance and legal
•Customer due diligence services
gained in a bank, leading regulator or a professional services firm.
•Ability to work using own initiative and with a high degree of independence
•Good relationship building skills
•Solid analytical and research skills
•Excellent written and verbal communication skills
•Arabic language would be an advantage
•High level of integrity and professionalism
•High attention to detail