FCC Policy Advisor

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.

As a FCC Policy Advisor you will be a subject matter expert within the Group FCC pillar responsible for areas such as analyzing new laws/regulations in order to determine the possible operational impact, support the first line with design and continuous improvement of CDD KYC processes and controls. From a stakeholder perspective you have an important role towards the first line and local Compliance teams on matters of the FCC Policy and the third line of defense regarding FCC related audits. 
The role will also encompass the advice to the local compliance and business stakeholders on the correct application of the FCC policy across the business as well as to support senior management in assessing special category clients.   
Interface with other subject matters experts including Sanctions and Anti Bribery Corruption, to incorporate requirements into relevant standards, where applicable. 
 

Key Accountabilities

• Perform comprehensive assessment of the impact of the FCC related regulatory matters on the relevant business areas 
• Ensure that the FCC Policy and framework remains up-to-date and in compliance with laws, regulations and industry best practice 
• Advise the first line and business process owners on appropriate steps and approaches to be taken to ensure that systems and processes which support implementation are aligned to the standard/procedural requirements 
• Provide advice to relevant stakeholders from the first line and second line on compliance with the FCC Policy and framework 
• Lead the remediation efforts on behalf of compliance in regards to FCC related matters and help to translate the lessons learned from various audit findings, and specific investigations into the relevant standards 
• Design improvements, enhancements and simplifications where appropriate 
• Advise senior management on special category clients  
• Manage multiple projects and topics simultaneously 
• Contribute to ad hoc projects related to regulatory change and standards 
   

Knowledge and Experience

• Master’s degree in Law, Business or Economics and/or relevant professional experience (ACAM or similar FCC related certifications is an advantage) 
• Minimum 7-10 years of relevant work experience as a FCC subject matter expert in areas of regulatory impact assessments, Policy/Mandatory instructions, risk assessments, process control standards in a large multi-national environment 
• Relevant track record of working in the area of KYC and thorough understanding of the current market and regulatory conditions and challenges that the financial industry faces 
• Understanding of key regulations (such as FEC, ESR, FATCA, CRS) and their respective effects on the operational landscape of KYC including the interaction with the first line  
• Experience of having worked in both large and small institutions and comfortable in working with little supervision and taking ownership and responsibility, within a smaller organisation  
   

Attributes and Qualities

• Ability to analyse the regulatory needs in depth, yet be able to translate and map these to the business of our group 
• Possess a thorough understanding of the entire customer life cycle of a client within a financial institution 
• Strong interpersonal skills and demonstrated ability to partner work across business lines and across all hierarchical levels
• Ability to work successfully in multiple countries and make sure these different cultures work together as one team 
• Proactive, Can-Do, No Surprises and Positive mind-set 
• Strong delivery and organisational skills and potentially conflicting, interests and manage multiple topics simulaneously 

Technical Skills

• Strong levels of technical experience of the application of regulation to the business model in all states of evolution 
• Solid understanding of Private Banking business (including applicable regulatory requirements) 
• Sound knowledge of the MS Office software tools (including Excel, PowerPoint and Word); Good knowledge of and an experience of Sanctions and FCC related systems is a strong advantage. 
• Ability to problem solve and ensure consistent oversight to a standard of positive assurance.  
• Understand technical aspects of systems relevant to CDD, Transaction Monitoring, Risk Assessments, Screening and suspicious activity reporting 

Languages Skills

• Fluent English required 
• Other European languages desirable