Our client is seeking a New Business and Risk Review Officer to support risk management and compliance processes. This role involves conducting risk reviews, maintaining accurate due diligence records, and ensuring compliance with regulatory requirements. The successful candidate will play a key role in safeguarding the organisation’s reputation and assets by identifying and mitigating potential risks.
Job Duties:
- Conduct risk reviews of low, medium, and high-risk clients, ensuring thorough completion of internal documentation and screening.
- Review client documentation for completeness, consistency, and adherence to internal standards, liaising with intermediaries and relationship managers as needed.
- Maintain accurate due diligence records in compliance with internal policies and regulatory requirements.
- Identify and address errors or omissions, triggering updates to risk assessments where necessary.
- Assist with FATCA and CRS compliance, conducting classification checks and escalating issues as required.
- Monitor outstanding reviews, ensuring timely resolution and escalation in line with procedures.
- Support trigger event reviews and onboarding processes within the New Business and Risk Team.
- Conduct risk reviews for Approved Introducers and Obliged Persons, providing feedback and identifying training needs.
- Assist in retrospective CDD exercises to ensure regulatory compliance.
- Undertake ad hoc compliance and risk-related tasks as required.
Job Requirements:
- Experience in regulatory risk management within a financial institution.
- Strong attention to detail and ability to deliver high-quality work.
- Analytical mindset with the ability to identify patterns and connections in risk-related matters.
- Strong communication and influencing skills, with the ability to engage stakeholders effectively.
- Knowledge of KYC/CDD processes and risk review procedures.
- Understanding of client structures and regulatory due diligence requirements.
- In-depth knowledge of FATCA and CRS compliance.
- Ability to work independently, prioritise tasks, and meet deadlines.
- Proactive approach to identifying and addressing compliance risks.
What You’ll Love:
This role offers the opportunity to work in a fast-paced financial environment, gaining hands-on experience in risk management and compliance. You will be part of a supportive team with opportunities to develop expertise in regulatory risk assessment and due diligence.
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