Business Control Officer

Our client seeks a Business Control Officer to join their team.

Role Profile: This role involves close and regular interaction with all members of the Family Office and Corporate Service team, Accounting, Banking, Investment, Middle Office and Risk & Compliance.

Key Responsibilities:

• Provide practical assistance, support and advice to Relationship Managers associated with trusts, company's administration and trustees on compliance related matters.
• Manage a small team providing operational compliance support to the Family Office Isle of Man.
• Work with Relationship Managers, assistants, and Business Heads to build and strengthen the relationship with Risk and Compliance.
• Act as the First Line of Defence for Relationship Managers and Business Heads and liaise with Risk and Compliance.
• Conduct client risk reviews, including managing records related to conflicts of interest, breaches, complaints, and operational incidents.
• Record and monitor exceptions, recommendations, and other regulatory matters.
• Prepare new reviews and assist Relationship Managers with customer Risk Assessments.
• Report material risk matters to Risk and Compliance and assist in addressing and mitigating.
• Provide effective training on compliance and AML/CFT matters to Relationship Managers and business heads.
• Review and develop the technical and compliance skills of Front Office employees.
• Collaborate with Relationship Managers to ensure proper updates and risk assessments in the New Business Approval Committee.
• Ensure the Data Base is updated regarding EDD/SDD applications or PEP connections.
• Attend quarterly jurisdictional Risk & Compliance Committee meetings.
• Assist on AML/CFT projects and Risk action items.
• Support regulatory board(s) in data collation for jurisdictional regulatory requests.
• Suggest relevant policies and procedures and coordinate with Risk & Compliance for implementation.
• Work with Business Heads to draft or update operating procedures.
• Maintain and streamline the Front Office section of the Hub, ensuring all processes and policies are up to date.
• Consider business impacts of new laws and regulations and inform relevant heads of changes.
• Liaise with Group Head BCO's on cross-border AML/CFT issues.
• Attend the monthly Centre of Excellence BCO meeting.

Key Skills and Experience:

• At least 8 years of experience in the finance industry.
• Sound experience within the Financial Services Industry, particularly in the fiduciary sector.
• High level of English proficiency.
• Ability to maintain confidentiality regarding client matters.
• Excellent interpersonal and influencing skills.
• Highly organized with attention to detail.
• Flexible and able to multi-task, setting appropriate priorities.
• Advanced Microsoft Office skills (Word and Excel).
• Confidence to deliver practical compliance advice.
• Proven experience in a challenging, fast-moving environment.

Quote job ref: 15608