Senior Officer, Business Control Unit

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 is not open to Relocation or Sponsorship. Isle of Man residents are eligible to apply.

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/Matric

Experience Required :

• 3 - 4 years experience in Offshore
• 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 :

• To accurately monitor Risk & Compliance following the banks policies and procedures.  Assist with the administration of Operational and Anti-Money Laundering Risks within the business to ensure that the bank is not exposed to unacceptable levels of risk and report any significant issues to management.
• Undertake client reviews, (CBB, IPB, and IWI), as per the schedule and inline with the SBO Client take on and maintenance manual.
• Conduct ongoing monitoring of client transactions and source of funds as required, including the monitoring and review of daily alerts from various information sources.
• Conduct retrospective monitoring of Static Data Changes focusing on address changes which increase the possible level of client risk to the Bank.
• 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.

Behavioural Competencies:

• Team Working
• Checking Things
• Developing Expertise
• Documenting Facts
• 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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