Business Risk Control Specialist- Periodic Reviews (Fixed Term Contract ) Company 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, Mauritius 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 NOTE: This role is NOT open to Relocation or Sponsorship. Jersey residents are eligible to apply. This is a 12 month Fixed Term Contract To provide first line risk related advice and assurance to stakeholders from all Business Units and corporate functions across Standard Bank Offshore in line with regulatory requirements, internal policies and standards to ensure a culture of quality, control and transparent risk ownership. Qualifications Type of Qualification: Risk Management Experience Required: Business Risk Management/ Control & Onboarding 5-7 years, Significant experience in risk, governance and compliance management in the financial services industry with a thorough understanding of relevant regulatory requirements and operational risk matters. Outputs:
• Advise the team on client issue relating to Anti-Money Laundering (AML), sanctions and potential Sanctions and, where required,liaise with Compliance, Operational Risk and Senior management with regards to these issues to ensure compliance to the regulatory and organisational frameworks. Provide support for other risk-based investigation and analysis such as investigations into on-boarding, trigger events and transaction monitoring.
• Arrange and deliver training sessions AML, and other relevant Regulations to International Client Solutions teams to enable them to operate within the regulatory frameworks.
• Conduct ongoing monitoring of client transactions and source of funds as required. Conduct retrospective monitoring of all AML related matters (including payments,, onboarding, downgrading of accounts, transaction monitoring, screening, to ensure that they are performed in-line with procedures.
• Develop and maintain collaborative relationships with Relationship Managers, Portfolio Managers, central BCU Team, Internal Audit and management in relation to on-boarding clients, Business acceptance forum, trigger and periodic reviews as well as remediation and specific AML advice.
• Facilitate the Business Acceptance Committee Forum to ensure that all new clients meet the prescribed criteria and do not expose the company to excessive risk. Additional Information Behavioural Competencies:
• Adopting Practical Approaches
• Articulating Information
• Checking Things
• Convincing People
• Developing Expertise
• Documenting Facts Technical Competencies:
• Evaluating Risk Management Effectiveness
• Evaluation of Internal Controls
• Process Governance
• Promote Good Governance, Risk & Control
• Quality Control
• Risk Awareness
• Risk Identification
• Risk Management
• Risk Reporting #SBO