New Business Senior Administrator
Isle of Man
Permanent
Our client seeks a New Business Senior Administrator to join their team.
Role Profile:
The Onboarding team work collaboratively with Business Development, Risk and Compliance colleagues to ensure processes meet all relevant internal and regulatory policy and procedural requirements, whilst providing a frictionless and efficient service to clients and introducers.
Key Responsibilities:
- Responsibility for initial vetting of new business applications and completion of the account opening process, to include individual, corporate, trusts and complex structures with minimum oversight and support
- Assessment and validation of documentation provided as part of the onboarding process to ensure a clear understanding of the client relationship which will be recorded with detailed rationale
- The completion of high-quality annual high-risk reviews for all client types and introducers of business that satisfy regulatory requirements
- You will be required to conform to the Company's AML procedures and guidelines at all times.
- You will be required to work on a variety of projects that deliver service, create capacity and ensure control effectiveness within the team.
- You may, from time to time, be required to undertake other activities of a similar nature within your capabilities in other teams, as requested by your line manager.
Key Skills and Experience:
Technical Skills
- Conduct customer due diligence (CDD) processes with minimum oversight and support
- When applicable, collect and document evidence of suspicious transactions using own initiative to determine if escalation or follow up is required
- Understand and apply client risk assessment standard methodology, identifying and recommending any incidences where standards could be challenged based on a structured, thought out risk-based approach
- Identify and remediate any deficiencies identified as part of the onboarding process
Professional Knowledge
- Up-to-date knowledge of AML/CFT regulatory standards and requirements
- Up-to-date knowledge of AML/CFT transactional activity regulatory standards and requirements
- Strong understanding and ability to validate and verify Source of Wealth using independent sources to do so when applicable
- Strong understanding and ability to validate and verify Source of Funds (initial and on-going) using independent sources to do so
Application of Professional Knowledge
- Applies knowledge to conduct the onboarding new business risk assessment with due regard to regulatory requirements and quality standards set by the regulator and CIG policies and procedures
- Applies knowledge to review transactional data critically to evidence understanding of the nature and purpose of the account
- Articulate and communicate with fact and confidence to clients and internal stakeholders regarding deficiencies identified as part of the onboarding new business take on process
- Ability to document in a clear and structured manner suspicions and or escalations identified while in the course of reviewing onboarding new business documents
Your specialist: Paige Milestone
Quote job ref: 16552
Hi, I'm your specialist Paige and I can't wait to hear from you about this job. You can simply submit your CV or call me on 678144 with any questions.
