Compliance Monitoring Officer (Fixed Term Contract)

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 does not offer Relocation or Sponsorship. Applicants must be eligible to work in Isle of Man.
• This role is a 6-month Fixed Term Contract

To enable the execution of Compliance Monitoring plans, processes and activities across dedicated areas of a Business Unit, in-line with the Group Monitoring Framework and standards to ensure the effective identification and reporting of Compliance risks and cases of non-compliance, to avoid operational losses, fines, penalties or reputational damage to the organisation and enable competitive advantage for the organisation.

Minimum Qualification: 

• First Degree in Audit
• First Degree in Business Commerce
• First Degree in Legal

Experience Required :

• 5 - 7 years experience in Compliance Risk Management
• The role requires a specialist in Compliance Advisory and Monitoring with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking policies, products and activities. Ability to take the understanding of business needs and operations and to translate it into Compliance risk management solutions.

Key Outputs:

• The role requires a recognised AML/CFT assurance specialist with advanced knowledge and practical experience in anti-money laundering, countering the financing of terrorism, sanctions compliance, customer due diligence, enhanced due diligence, transaction monitoring, suspicious activity reporting, beneficial ownership requirements and regulatory compliance frameworks.
• Demonstrated experience in planning, executing and reporting assurance reviews, assessing the effectiveness of controls, identifying root causes, challenging stakeholders, and monitoring remediation actions.
• Strong understanding of applicable AML/CFT legislation, regulatory requirements, industry standards and emerging financial crime risks. Ability to independently evaluate compliance risks and provide credible, risk-based assurance to senior management and governance forums.

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Behavioural Competencies:

• Influencing and Challenging
• Attention to Detail
• Critical Thinking
• Courageous Thinking
• Stakeholder Engagement
• Professional Skepticism 
• Resilience 

Technical Competencies:

• Audit Methodology
• Audit Report Writing
• Evaluation of Internal Controls
• Execute Audit Delivery
• Financial Industry Regulatory Framework
• Promote Good Governance, Risk & Control

Recognised subject matter expert in AML, CFT and Financial Crime Compliance with the ability to provide independent, objective and evidence-based assurance over the design and effectiveness of financial crime controls, and to engage confidently with senior management on significant regulatory and compliance risks.

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