Official Specifications
Role Overview & Mandate
Executive Summary
About Us As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a...
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About Us
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
Rothschild & Co is a global and family-controlled group. We provide M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide.
Having been at the centre of the world's financial markets for more than 200 years we can rely on an unrivalled global network of more than 3,800 talented employees and a track-record of outstanding execution with 60 offices around the world.
Our integrated global network of trusted professionals and decision makers around the world provide in-depth market intelligence, meaning we can be closer to current issues than any other global financial institution in our core markets.
It is this scale, local knowledge and intellectual capital that allow us to provide a distinct perspective and effective long-term solutions for our partners.
Overview of Role
Acting as a KYC subject matter expert within the Client Account Management Team, operating within the First Line of Defence (1LoD), the role holder will work with the Head of Client Account Management to ensure that local legal and regulatory requirements as well as Group standards relating to Client Due Diligence are well embedded in R&Co Wealth Management and that the relevant controls linked to client onboarding and ongoing monitoring are appropriately designed and executed.
The role holder will be responsible for Quality Assurance of work undertaken by the Account Opening and Periodic Review Teams and act as a liaison between the First and Second Line of Defence to manage escalations with a focus on improving the ‘right first time’ levels in onboarding and periodic reviews.
Key Responsibilities
- Acting as escalation point and actively resolving Front Office queries about the firm’s financial crime policies, procedures and processes relating to but not limited to Client Onboarding and Periodic Reviews.
- Perform the Quality Assurance control for Account Opening and Periodic Reviews, ensuring quality objectives are met and that right first-time levels continuously improve.
- Analyse the key financial crime risks for each High-Risk Client Periodic Review and prepare assessments, for review by Compliance.
- Design and deliver training to the Front Office relating to Know Your Client requirements and processes (Client Due Diligence/ Enhanced Due Diligence, Source of Wealth, Client Onboarding and Periodic Reviews).
- Assist in the production and presentation of management information relating to Account Opening and Periodic Reviews to Senior Management and key business stakeholders as required.
- Undertaking, on a delegated authority basis, the review and approval of deviations and exceptions relating to the Client Acceptance and Client Maintenance Standards.
- Proactively engage with the Second Line of Defence (DMLRO/MLRO) to establish clear and consistent standards, enhance processes and achieve efficiencies.
Skills and Qualifications
Essential
- Minimum of 5 years’ experience working in a KYC related role within 1LOD with focus on quality assurance and with the majority spent within the wealth management sector/private banking.
- Fully conversant with the requirements of the UK Money Laundering Regulations/JMLSG regarding client due diligence requirements and queries for simple/complex structures/ Trusts and private individuals. Knowledge of the regulatory landscape in Guernsey and the GFSC Handbook will be an advantage.
- A confident and highly motivated individual who can act pragmatically, using knowledge-based judgement to deliver the best outcomes for the client and the business.
- Excellent organisation and communication skills, both verbal and written, with the ability to manage and prioritise tasks and draft/deliver presentations to Front Office and Senior Management.
- Ability to foster strong working relationships within the team and with the business.
Desirable
- Knowledge of the regulatory landscape in Guernsey and the GFSC Handbook.
- Professional Qualification
- Work experience in the 2nd Line of Defence.
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