Financial Crime Compliance Officer

Standard Bank Group; Douglas; On-site; GBP 68,000 - 83,000; Full time

Job summary

Standard Bank Offshore seeks an experienced Compliance leader to enable risk management across a defined business area, ensuring adherence to regulatory frameworks and preventing losses and reputational damage. The role emphasises identifying compliance risks and guiding controls within an international banking context.

The ideal candidate has 5–7 years in Compliance, a first degree in Business Commerce, and a solid understanding of banking products, with opportunities to contribute from our

Qualifications

• First degree in Business Commerce.
• 5-7 years in Compliance.

Responsibilities

• Analyse the operational activities within a functional area to identify compliance risks and therefore ensure adherence to the relevant Standard Bank Group compliance frameworks and standards.
• Customise and maintain generic risk management plans (RMPs) to ensure it is appropriate within the regulatory context of a specific functional area.
• Proactively identify and address gaps in controls, processes and procedures as well as advise on and monitor remediation plans to address any short-comings.
• Review compliance training material to ensure that it is appropriate for the needs of the functional area therefore providing sufficient understanding and awareness compliance requirements within the relevant area of operations and deliver bespoke face-to-face training where required.
• Review compliance frameworks, standards and procedures in the context of a functional area and advise on their customisation or amendment, where necessary.

Skills

Regulatory knowledge

Banking products knowledge

Compliance risk management

Education

First degree in Business Commerce

Job description

Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals.

Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To enable the execution of Compliance Risk Management processes and activities within a specific business/functional area, to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation.

Qualifications

• First degree inBusiness Commerce

Experience Required:

• 5-7 years in Compliance
• The role requires an expert in Compliance with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking products and activities.

Key Outputs :

• Analyse the operational activities within a functional area to identify compliance risks and therefore ensure adherence to the relevant Standard Bank Group compliance frameworks and standards.
• Customise and maintain generic risk management plans (RMPs) to ensure it is appropriate within the regulatory context of a specific functional area.
• Proactively identify and address gaps in controls, processes and procedures as well as advise on and monitor remediation plans to address any short-comings.
• Review compliance training material to ensure that it is appropriate for the needs of the functional area therefore providing sufficient understanding and awareness compliance requirements within the relevant area of operations and deliver bespoke face-to-face training where required.
• Review compliance frameworks, standards and procedures in the context of a functional area and advise on their customisation or amendment, where necessary.

#SBO

Additional Information

• Articulating Information
• Generating Ideas
• Documenting Facts
• Upholding Standards
• Making Decisions
• Evaluation of Internal Controls
• Financial Industry Regulatory Framework
• Legal Compliance
• Process Governance

Salary from £75,000

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