Due Diligence Officer- Based in Jersey CI

Standard Chartered Bank USA
Crown Dependencies
18 Jun 2017
20 Jun 2017
Contract Type
Due Dilligence Officer CAR Team Jersey To review and advise on new accounts and existing accounts in line with the requirements set out in the Private Bank (PvB) Client Due Diligence (CDD) Procedures, local policies and approved processes. Key Roles and Responsibilities Enter roles and responsibilities Check the quality of the Source of Wealth (SoW) information produced by Relationship Managers to ensure it meets required standards for both Account Opening and Periodic Review Review other Due Dilligence requirements including SOW corroboration, review of adverse media findings, completion of other AML checks Review searches and undertake independent research to check and evaluate any adverse findings Determine whether additional searches are required to supplement those already provided for both Account Opening and Periodic Reviews Advise the Front Office on PvB CDD policy and procedures and applicable local laws and regulations Escalate issues identified during CDD review including any reputational risk, possible sanctions links, higher risk relationships (PEPs, complex structures) Assess CDD risks arising from specific clients and advise the business on management and mitigation of those risks, escalating where necessary Consult with functional experts (e.g., Compliance, Operations) as needed Contribute to the implementation of and controls for daily processes and assist with the update of procedures Provide feedback and escalate issues to the appropriate support functions, Front Office teams and Head of Client Approval and Review Leverage on expertise and train the frontline in order to produce high quality SOW and complete Account Opening and Perodic Review Packs to avoid reworks and to aid in faster turn around time. Comply with agreed Turn Around Times for assigned activities as detailed in Desktop Operating Instructions and any Service Level Agreements Promote the spirit of continous improvement by flagging any procedural issues that impact delivery of responsibilities with suggestions for improvements and work around Liaise with front office teams, other CAR teams and stakeholders across various Standard Chartered locations Maintain an ongoing awareness of new policy and procedure roll outs, especially that of AML/CDD Work closely with the Front Office teams and the Data Quality team to ensure seamless Account Opening Maintain up to date trackers as needed Partnership Front Office teams both locally and globally Data Quality Team Legal and Compliance network Financial Crime Risk network Country compliance network Qualifications and Skills Enter qualifications and skills Knowledge Solid understanding of regulatory requirements and internal procedures and how they inter-relate. Displays expertise on CDD guidelines Knowledge of due diligence and local anti-money laundering requirements Relevant professional qualification would be an advantage Possess or working towards formal compliance/AML qualification (I.C.A. or C.A.M.S) Experience Should have background and/or exposure to the following areas, ideally gained in a bank, leading regulator or a equivalent consultancy firm. CDD Advisory AML Advisory Compliance and legal advisory Account onboarding reviews Relevant operational risk background Audit background Skills Excellent verbal, presentation and written communication skills Ability to think globally / see the overall picture Ability to multi-task Ability to follow an issue through to its conclusion Ability to work using own initiative and with a high degree of independence Good relationship building skills Solid analytical and research skills Ability to analyze various information, research and data to make relevant connections in relation to the client/s reviewed for account opening and periodic review Behaviours High level of integrity and professionalism High attention to detail Diversity and Inclusion Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.