Business Control Unit Senior Officer

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, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

NOTE: This role does not offer Relocation or Sponsorship. Applicants must be eligible to work in Isle of Man.

To supervise and be responsible for regulatory and SB Offshore requirements in managing and controlling risk exposure arising within Banking principally from Operational and Anti-Money Laundering Risks in line with procedures and processes that exist to minimise the risk to the bank. To support the management of the Business Control Unit ('BCU') and act as a source of guidance and expertise within the business as appropriate

Minimum Qualification:

• Secondary/High school/A levels

Experience Required :

• 3-4 years in Business Control Unit
• Ideally, a minimum of 3 years financial services experience, preferably in a Risk, AML or Compliance department, with a thorough understanding of Anti-Money Laundering and Operational Risk matters.

Key Outputs :

• Act as a point of contact within the business in respect of account queries such as Source of Funds documentation and releasing of payments over accounts that are subject to internal posting restrictions.
• Undertake client reviews, (CBB, IPB, and IWI), as per the schedule and inline with the SBO Client take on and maintenance manual, ensuring that clients are correctly classified as per the SBO Compliance Guidance Note on Client classification and updating the schedule accordingly.
• To accurately monitor Risk & Compliance following the banks policies and procedures
• Liaise directly with clients / RM’s in respect of associated accounts and transactions, and in doing so to demonstrate clarity regarding our regulatory requirements, whilst demonstrating understanding and empathy with the client’s position.
• Support, manage and maintain relationships with designated stakeholders and teams to ensure ongoing confidence and trust.

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Behavioural Competencies:

• Checking Things
• Meeting Timescales
• Taking Action
• Managing Tasks
• Following Procedures

Technical Competencies:

• Customer Understanding (Business Banking)
• Fraud Detection and Management
• Query Resolution
• Risk Awareness
• Use of Process Design Tools & Systems

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