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Ref: 22656
The Skills You'll Need: Compliance/KYC/AML experience, Fluent Mandarin
Your New Salary: to £40,000
Office based
Perm
Start: ASAP
Working hours: 35
Reporting to: Chief Compliance Officer (CCO)/MLRO
As a member of a small branch team, the job holder will be expected to develop and implement competency over a broad range of regulatory matters, providing support for the CCO and Compliance Manager, as well as periodically undertaking detailed assessment in support of customer take-on and evolving regulatory requirements.
Mandarin speaking Compliance Assistant - What You'll be Doing:
- Report to the CCO, covering all aspects of compliance, specialising in customer due diligence and anti-money laundering.
- Review due diligence in respect of customers at take-on, making recommendations for compliance with branch policy. This will include an assessment and recommendation to the CCO/MLRO for accepting new customers.
- KYC remediation - review and remediate existing AML and KYC records, with particular emphasis on the branch's UK and international wholesale customers. Ensure queries and requests are passed to team members qualified to respond sufficiently and actioned on a timely basis.
- As directed, assist CCO and Compliance Manager to identify, investigate, and resolve all activities that are deemed non-compliant.
- Assist CCO and Compliance Manager to address issues relating to PEP, adverse media, transaction monitoring and sanctions.
- Assist relationship managers to address complex and problematic KYC cases as appropriate.
- Provide support for preparation of management information and liaison with Head Office.
- In conjunction with the CCO, implement the annual AML risk assessment, compliance monitoring plan and perform the relevant quality assurance checks to ensure adherence of the branch to regulatory requirements.
- Conduct due diligence and EDD reviews on high-risk relationships. Support the CCO regarding suspicious activity reports (SARs) in investigation and reporting.
- Managing 4 eye checks on onboarding cases performed by Business Development team.
- Provide progress reports and recommendations to senior management on the suitability to continue to do business with customers, in conjunction with the Business Development team.
- Help compile reports for the management team and internal risk committees.
- Support the CCO and Compliance Manager in administering Compliance registers and other activities relevant to operation of the branch.
- Undertake and document periodic Compliance monitoring as well as ensure effective ongoing maintenance of relevant Compliance team registers.
- Organize employee Compliance training on compliance matters.
- In support of the CCO, oversee and monitor effective implementation of measures to mitigate sanction risk.
- Maintaining and updating sanctions list, advising staff of changes.
- Act as liaison contact for the Compliance team with Head Office, providing management reporting and dealing with ad-hoc requests, at all times keeping the CCO and Compliance Manager informed and seeking approval, as required.
Mandarin speaking Compliance Assistant - The Skills You'll Need to Succeed:
- Strong problem solving and multi-tasking skills
- Strong communication & interpersonal skills
- Able to build effective relationships across the business.
- Fluent English and mandarin, spoken and written.
- Previous compliance experience
- Ability to multitask.
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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.
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