The primary purpose of this role is to undertake independent reviews of all account opening documentation to ensure that Bank policies and procedures are complied with at all times.
To undertake independent reviews of Account Opening Documentation for both new clients and when adding parties to existing relationships and when adding new Signatories/Directors/ Beneficial Owners to corporate structures.
Act as the key point of contact for front line staff providing coaching and consultation services on CDD policies and procedures as they apply to new accounts/amendments as detailed above. (This may be in person /over the phone/e-mail communication.)
Manage the failure to comply with Group CDD policies and procedures by following approved escalation processes with discipline and with the back up of accurate and detailed information.
Implement new policies and procedures when instructed by compliance/Unit Head, ensuring that documentation/ DOI’s and MIS is amended accordingly, Manage the communication of the change to the Front Office and Network Teams.
Identify procedural issues that impact on the turn around times achieved in the department. Report to Head of Middle Office, New Accounts, Jersey and work towards providing a solution in respect of the problem identified.
To Prepare and participate in Group Internal Audits as required.
To be fully conversant with the Bank’s anti-fraud and anti money laundering procedures.
A . Participation in AML/CDD and Sanctions awareness training to develop a through understanding of the key components in preventing money laundering, terrorist financing and sanction breaches
B. Maintain an ongoing awareness and consideration of AML “Red Flags” of suspicious activity in order to determine when it is appropriate to raise a suspicious activity report with the Money Laundering Reporting Officer
To work closely with our Compliance team. When presenting our compliance colleagues with a query to provide a detailed chain of events and make suggestions as to how to overcome the identified obstacle working in conjunction with the PvB CDD Guidelines.
To display the SCB values when assisting our colleagues, many of whom will be Network RM’s CSO’s.
Excellent knowledge of the Bank’s Client Due Diligence policies and procedures;
Good working knowledge of Microsoft standard desktop packages;
Good communication skills and an ability to interact effectively at all levels of the organisation.
Strong customer service mentality with an appreciation of how this applies to both internal and external clients.
Good knowledge of SC core systems and the end to end account opening process.