Our client is seeking a New Business & Risk Officer based in Guernsey, within the New Business & Risk team. This is a full-time fixed-term contract position. The role involves onboarding new clients, account opening, and reviewing client documentation to ensure compliance with internal policies and regulations. It provides an opportunity for the selected candidate to play a crucial role in safeguarding the organisation's reputation and stakeholder interests by identifying and managing potential risks associated with new and existing client interactions. In this position, you will be responsible for executing customer due diligence (CDD) processes and conducting risk assessments, particularly for high-risk and politically exposed persons (PEP). You will collaborate with relationship managers to gather necessary information and ensure compliance with relevant legislation, whilst supporting periodic reviews and regulatory requirements such as the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS).
JOB DUTIES:
- New client onboarding and managing sub account openings.
- Review client applications and ensure thorough completion of all documentation, including risk assessments and necessary background checks.
- Carefully verify all client documentation for completeness and compliance.
- Liaise with intermediaries or relationship managers to gather additional information for new client take-on processes.
- Conduct enhanced CDD for high-risk and PEP relationships, cooperating closely with relationship managers on information gathering.
- Update client information following trigger events and proactively identify errors or omissions to maintain accurate risk assessments.
- Support the periodic review process, conducting quality assurance checks as needed.
- Assist with FATCA and CRS compliance for new and repapered accounts.
- Monitor overnight screening results and address findings appropriately.
- Coordinate the annual review process for PEP clients, collating updated information and conducting necessary research.
- Manage static data changes and account amendments as required.
- Support retrospective CDD exercises, ensuring identification and rectification of errors and omissions.
- Oversee your own prospective client accounts to ensure progress and timely closure of completed tasks.
- Actively contribute to process improvements and support change initiatives within the team.
JOB REQUIREMENTS:
- Some familiarity with managing regulatory risk within a large financial institution.
- Strong attention to detail and commitment to delivering high-quality work.
- An inquisitive mind with the ability to problem-solve effectively.
- Proven persistence and a detail-oriented approach to work, with the ability to meet deadlines.
- Excellent organisational skills and time management capabilities.
- Strong communication and presentation skills, with a focus on influencing and collaborating with others.
- Ability to work independently while knowing when to escalate issues.
- A detailed understanding of account opening processes and KYC/CDD requirements.
- In-depth knowledge of client structures for effective compliance with local regulations.
- Familiarity with FATCA and CRS requirements is essential.
- Ability to see the broader picture and connect apparently unrelated issues.
- Strong analytical skills to assess situations logically and draw reasonable conclusions.
WHAT YOU’LL LOVE:
This role provides an engaging opportunity within a friendly office environment, emphasising collaboration and teamwork. You will gain exposure to various aspects of financial services and compliance, allowing for professional growth and development. Additionally, the role is centred around delivering impactful contributions to the organisation’s objectives while ensuring a supportive framework for learning and career progression.
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