Compliance Specialist

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.

The CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for Julius Baer, aiming at sustainable growth of the franchise. As a member of the CRO division, the incumbent is expected to abide by relevant principles and expectations as specified in the CRO Business Organisation Manual.
Compliance is part of the Risk, Legal and Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.
The Compliance Specialist will assist the Head of Periodic Review Team in extracting the information/data required in performing the first level review checks for accounts due for Periodic Review. He/She will also be required to conduct name screenings on the Bank’s existing clients and perform assessment on the screening results. He/She will be required to include in the account report any true or potential screening hits to facilitate a further assessment on the client’s accounts.

YOUR CHALLENGE

KEY FEATURES OF THE POSITION

Main Responsibilities:

• Retrieve relevant key parties for the relevant periodic review period to ensure conformity to internal and regulatory requirements on AML/CFT/CDD standards
• Review name screenings and perform assessment on screening results (Google, World check, Factiva, Ripjar, etc). To discount false hits and to highlight/escalate any newly identified potential or true hits which may affect the overall risk profile of the clients for further assessment.

• Assist with checks on the quality of work performed by a separate maker.
• Provide training regarding the name screening requirements.

• Assist in managing onshore staff to ensure KPIs are met; organize and assign tasks for staff, facilitating effective workflow and accountability.

• Provide timely escalations to Team lead & respective stakeholders.
• Accurately input and maintain quality data in systems, excel worksheet and assist with MI reports to key stakeholders.

Client Management (internal & external)

• Be the point of contact for stakeholders (Team members, Front Office, Audit and External Vendors, etc), providing guidance and advisory support for queries relating to screening.
• Collaborate with cross function teams including regulatory and governance to enhance screening process/policies and mitigate risk. Where required, participate and provide support in any ad hoc projects.

Regulatory Responsibilities &/OR Risk Management

• Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations

YOUR PROFILE

SKILLS REQUIREMENTS OF THE POSITION

Personal and Social

• Ability to work independently with an eye for details
• Ability to multitask
• Good interpersonal skills
• Team player

Professional and Technical

• At least 1 years’ prior experience in Name Screening is a must, preferably in Private Banking or Wealth Management
• A good degree and understanding of the Private Banking and Wealth Management industry
• Prior experience in leadership roles will be an advantage
• Familiar with MAS 626 and name screening requirements will be an advantage
• Ability to read traditional and simplified Chinese for screening of Mandarin names will be an advantage
• Proficiency in other Asian language(s) also an advantage for name screening purposes.
• Basic Excel knowledge

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