Business Control Unit Senior Officer

Job Description

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

Qualifications

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.

#SBO

Additional Information

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

#SBO