| Job Description: |
Job Description
The Compliance team is currently looking for an officer to join the team in London.
ROLE SUMMARY:
The role of Client ID is to process new UK client relationships across Investment Banking, Private Banking and Asset Management. Specifically, Client ID analysts verify the identity of prospective new clients in accordance with the FSA rules, the UK’s Joint Money Laundering Steering Group (JMLSG) Guidance Notes and Credit Suisse policies and procedures. In addition, Client ID analysts verify that sanctions and reputational screening has taken place using a variety of systems; ensure that our clients are correctly categorised as Retail, Professional or Eligible Counterparties according to the FSA rules; and ensure compliance with a number of other MiFID related matters.
Client ID analysts are also expected to become involved in project work designed to continually improve the operational efficiency of the team. Certain projects will involve other parts of Compliance not directly linked to the employee’s day-to-day responsibilities.
Presently the UK Client ID team comprises five London based analysts plus a team supervisor. The team also has the dedicated support for Investment Banking matters of three Pune based analysts.
This role arises as a result of the internal transfer of a current Client ID analyst to another part of the Compliance Department.
THE ROLE INVOLVES:
Candidate will be expected to undertake this role for a minimum of 18 months to two years. In that time, it is expected that the candidate will learn the regulatory requirements and processing needs for simple client structures to begin with (such as listed companies, regulated companies and individuals) and, in time, be able to understand and process more complicated legal structures such as private companies in high risk jurisdictions, special purpose vehicles, trusts and hedge funds.
Candidate will be expected to gain an understanding of how Credit Suisse is organised, which businesses we are involved with and our regulatory risk appetite. Candidate will also be expected to become involved in and subsequently lead projects to completion. At first this will be under supervision, but a successful candidate will be able to manage their own time and projects quickly.
Candidate will need to display the following attributes:
• Hard working
• Knows own limitations and escalates appropriately
• Exercises good judgement
• Has high ethical and control standards, commensurate with working in a critical control function
• Self starter
• Willing to undergo on-the-job and more formal training for career development
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DIVISION/DEPARTMENT OVERVIEW:
Client ID team is one of three UK Anti-Money Laundering (AML) teams reporting into the Money Laundering Reporting Officer/Head of EMEA AML Compliance. The other two teams cover 1) AML surveillance, monitoring and investigations and 2) EMEA region co-ordination, including the handling of politically exposed persons and on-site visits to the 23 EMEA locations where Credit Suisse has a local presence.
In total EMEA Compliance comprises over 100 professionals, split as follows: approx. 55% in the UK and the remaining 45% in various EMEA locations.
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TO QUALIFY YOU MUST POSSESS:
• Degree level education preferred, good academic record
• Articulate both orally and in writing
• No specific compliance experience required
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As one of the world's leading financial services group, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Founded in 1856, Credit Suisse has a long tradition of meeting the complex financial needs of a wide range of clients, offering advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally. The Credit Suisse Group is active in over 50 countries and employs approximately 40,000 people. Further information can be found at www.credit-suisse.com.
Cultural diversity is essential to our success. As such, we employ people from more than 100 countries. Credit Suisse empowers employees to work openly and respectfully with each other and with clients, ultimately striving to deliver superior results while offering initiatives and programs to assist employees achieve a healthy work-life balance.
Right place, perfect opportunity
www.credit-suisse.com/careers
Credit Suisse is an Equal Opportunity Employer and does not discriminate in its employment decisions on the basis of any protected category.
To the extent permitted or required by applicable law, a candidate who is offered employment will be subject to a criminal record check and other background checks before the appointment is confirmed.
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