FCC, Compliance Control Officer

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Compliance Controls is 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 FCC Compliance Control Officer is responsible for performing second line of defence (“2LoD”), monitoring and controls across the Compliance function for and on behalf of BJBS.
The role supports the Regional Head FCC in implementation of compliance controls as per Global Compliance Programme. The role also supports the strengthening of first line of defence.

YOUR CHALLENGE

KEY FEATURES OF THE POSITION

People Management

• Support Regional Head FCC in ensuring compliance with local regulations and adherence to internal policies, procedures and directives.
• Support the Regional Head FCC in managing regulatory issues, trends and addressing emerging risks.

Client Management (internal & external)

• Support the Regional Head FCC in driving Head Office 2LoD holistic monitoring programme in accordance with globally defined standards.

• Foster close working relationship with key stakeholders in Head Office and other locations (in particular Hong Kong) for consistent control framework and alignment of test steps/methodologies.

• Maintain good liaison with auditors, MAS/law enforcement agencies and key abreast of regulatory developments.
• Facilitate the rollout of Bank’s risk culture initiatives and HR’s disciplinary and escalation framework.

Business Management

• Design, develop and execute Compliance 2LoD controls, particular in the areas of financial crime compliance, within stipulated timeframe, including proper documentation and timely escalation of findings to senior management.
• Participate in Compliance Strategic Roadmap projects and coordinate the completion of various Head Office initiatives.
• Develop QA and Testing framework, including but limited to annual QA and test plans, risk assessment, testing QA scripts, procedures and sampling methodologies that incorporate regulatory expectations and industry developments.
• Prepare and review reports for root cause and systemic findings.
• Assist in validating and tracking finding closures.

• Perform investigations and coordinate escalation to Disciplinary Committee as per HR framework.
• Assist in ad-hoc handling of compliance, regulatory inspection updates and reporting (internal & external).
• Support the Regional Head FCC and contribute to Compliance training programs to employees. (if any)

• Manage the disclosure request process and render prompt cooperation to regulators and law enforcement agencies in response to information requests.

Regulatory Responsibilities &/OR Risk Management

• Demonstrate of appropriate values and behaviours including but not limited to upholding standards on Financial Crime, 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.
• Coordinate on control implementation, deviation escalation, deletion and update.
• Timely completion and submission of compliance controls in relevant system.

YOUR PROFILE

SKILLS REQUIREMENTS OF THE POSITION

Personal and Social

• A strong sense of responsibility, integrity and good judgement.
• Meticulous, detail oriented and analytical.
• Dynamic personality with ability to work independently and in a team environment.
• Impeccable organisational skills with the ability to multi-task and meet tight deadline.
• Courage to speak out and comfortable to escalate risk issues.
• Proactive, initiative and propose solutions for issue resolutions.
• Excellent verbal and written communication skills with ability to produce concise and effective presentations and reports.

Professional and Technical

• A degree qualified with more than 3 years of Compliance Testing/Quality Assurance or Audit experience, preferably in the areas of Financial Crime Compliance.

• Good knowledge of the regulatory environment and risk management, including ability to identify and connect interrelated Compliance risk issues.
• Experience in engaging with regulatory authorities and auditors.
• Knowledge of business, processes, standards, policies and procedures in a private banking sector.

Regulatory (where applicable) Of

• Preferably experience in similar role

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