Our client, a Swiss private bank in the Bahamas, is seeking a Director to set-up, manage and oversee the firm’s AML/Compliance Department.

Key tasks are providing support and advice for management and employees in regard to the implementation and monitoring of compliance topics, supporting management in training and informing employees in compliance matters, providing timely reporting to management in case of significant developments regarding compliance risks and annually reporting to the Board of Directors regarding its assessment of the compliance risks and its activities.

Areas of Responsibility

  • Provide compliance advice and support in compliance related matters, in particular AML, Due Diligence, Cross border and Suitability
  • Perform Compliance specific reviews in the account opening process
  • Review of high risk client relationships and submission to the relevant committee for approval
  • Monitor transactions including High risk client and High risk transactions
  • Manage alerts in the name screening tool and review client names against sanction lists
  • Conduct training in relevant Compliance topics
  • Performance of Compliance surveillance activities and thematic reviews
  • Collaboration in projects and establishment of specific reports

Core Requirements

  • Academic background, preferably in Business Administration or Legal
  • At least 5 years of relevant working experience in Compliance in Private Banking/Wealth Management in an International setting, including IFRS reporting requirements
  • Affinity for IT, processes, databases, figures and risk assessment reporting
  • Very structured approach to working and solving problems
  • Self-motivation for follow up on issues and enhancement of processes
  • Excellent skills in MS Office applications
  • Team-oriented with strong interpersonal skills
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