Compliance Risk & Control Officer

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector. We are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.

The Compliance Risk & Control Officer holds a key role in the compliance team responsible for ensuring that Compliance in the location are effective in identifying, managing and mitigating Financial Crime and Regulatory Compliance risks. They ensure the compliance policies are strictly abided to, operating functional controls and providing the first line advice through a review and challenge process of first line operated controls covering Financial Crime & Regulatory compliance risks. Work closely with the business on taking mitigating actions to maintain a robust and stringent compliance risk management within the Group risk appetite and ensure escalation is made through appropriate governance channels when the business is not addressing critical issues. The role holder reports to the Head of Compliance in their relevant location to ensure the successful delivery of the Compliance function’s strategy. 

Key Accountabilities

• Maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices
• Act as a risk steward in the review & challenge of high risk clients files for the business and other set of first line of defence controls in mitigating Financial Crime and Regulatory compliance risks
• Support with second line governance covering Financial Crime & Regulatory risk exposures ensuring adequate analysis and reporting is provided to local governance as well as Group governance committees. Ensure independence of the first line of defence, thereby maintaining an objective assessment of risk exposure
• Support Group Heads of FCC, Group Head of RC&CB and other colleagues on all FCC and RC related matters
• Regulatory culture: The role holder must carry out all duties in strict accordance with Group Code of Conduct and act as its ambassador at all times. As any other member of the Compliance function the role holder will foster a positive culture of compliance
• Quintet’s Regulatory & Financial Crime Compliance policies and procedures: Support country/Group compliance officer in deploying new change in policy aligning to any change in Group strategy or regulatory landscape.
• Interactions with regulators: if needed, assisting local Head of Compliance as well in their interactions with regulators by informing key stakeholders, gathering the relevant information and assisting in the drafting of responses in a timely manner.  
• Training: Supporting the local Financial Crime & Regulatory Compliance Advisors in delivering training initiatives relative to compliance policies.  

Knowledge and Experience

• Deep interest in both RC and FCC risks areas within a global firm in the financial services industry.
• Good knowledge of the financial institution structure (Private Banking specific experience is an advantage).
• Ability to develop practical and optimized solutions to complex issues.
• Good working knowledge of the relevant EU & UK regulatory environment in the compliance topics
• Prior experience in a relevant EU / UK regulator or Tier 1 private bank, legal or professional services firm. 
• Demonstrable experience in an international team-oriented workplace. 
• Demonstrable business process knowledge.  

Attributes and Qualities

• Excellent communication and interpersonal skills
• Consistently achieve objectives set for them and take action to improve their own performance.
• Strong organisational skills.
• Collaborative working style with colleagues and broader stakeholders within a cross-border and line of business matrix.
• Excellent record keeping  
• Effective diary and work management 

Technical Skills

• Familiarity with Policy and procedures impact analysis and deployment.
• ICA ML/FCC or subject matter expertise in regulatory compliance topics qualifications preferred.
• A graduate in any discipline with exposure in a relevant risk or audit profile.
• Experience in establishing and maintaining risk and controls framework for ML/CTF, Sanctions, ABC, Fraud, tax evasion risks.
• Excellent written, verbal, numeric and comprehension skills and IT proficient. 

Languages Skills

• Proficient in English required
• Knowledge of other Quintet languages is an advantage (French, German, Dutch)