Compliance Officer, Compliance Controls

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GENERAL DESCRIPTION

Compliance Controls is Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.

The Compliance Officer, Compliance Controls is responsible for performing second line of defence ("2LoD") monitoring and surveillance controls across the Compliance function for and on behalf of BJBS.

The role supports the Head, Compliance Controls and Head, Compliance Asia and Singapore in implementation of compliance controls, specifically on Investment and Suitability controls in accordance with the Global Compliance Programme.

KEY FEATURES OF THE POSITION

People Management

• Support Head, Compliance Asia in ensuring compliance with local regulations and adherence to internal policies, procedures and directives.
• Support the Head, Compliance Controls in managing regulatory issues, trends and addressing emerging risks.

Client Management (internal & external)

• Support the Head of Compliance Controls in driving Head Office 2LoD holistic monitoring programme in accordance with globally defined standards.

• Foster close working relationship with key stakeholders in Head Office and other locations (in particular Hong Kong) for consistent control framework and alignment of test steps/methodologies.

• Maintain good liaison with auditors, MAS/law enforcement agencies and key abreast of regulatory developments.

• Facilitate the rollout of Bank's risk culture initiatives and HR's disciplinary and escalation framework.

Business Management

• Design, develop and execute Compliance 2LoD controls, particular in the areas of investment and suitability, within stipulated timeframe, including proper documentation and timely escalation of findings to senior management.
• Participate in Compliance Strategic Roadmap projects and coordinate the completion of various Head Office initiatives.
• Prepare and review reports for root cause and systemic findings.

• Assist in validating and tracking finding closures.

• Perform investigations and coordinate escalation to Disciplinary Committee as per HR framework.

• Assist in ad-hoc handling of compliance and markets advisory, regulatory inspection updates and reporting (internal & external).

• Support the Head of Compliance and contribute to Compliance training programs to employees. (if any)

• Manage the disclosure request process and render prompt cooperation to regulators and law enforcement agencies in response to information requests.

Regulatory Responsibilities &/OR Risk Management

• Demonstrate of appropriate values and behaviours including but not limited to upholding standards on investment and suitability, honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations.
• Coordinate on control implementation, deviation escalation, deletion and update of the existing controls as required.
• Timely completion and submission of compliance controls in relevant system.

SKILLS REQUIREMENTS OF THE POSITION

Personal and Social

• A strong sense of responsibility, integrity and good judgement.
• Meticulous, detail oriented and analytical.
• Dynamic personality with ability to work independently and in a team environment.
• Impeccable organisational skills with the ability to multi-task and meet tight deadline.
• Courage to speak out and comfortable to escalate risk issues.
• Proactive, initiative and propose solutions for issue resolutions.
• Excellent verbal and written communication skills with ability to produce concise and effective presentations and reports.

Professional and Technical

• A degree qualified with more than 3 years of Compliance Testing/Quality Assurance or Audit experience, preferably in the areas of investment and suitability.

• Good knowledge of the regulatory environment and risk management, including ability to identify and connect interrelated Compliance risk issues.

• Experience in engaging with regulatory authorities and auditors.
• Knowledge of business, processes, standards, policies and procedures in a private banking sector.

Regulatory (where applicable)

• Preferably experience in similar role

We are looking forward to receiving your full job application through our online application tool.