Position Description

Senior Compliance Officer, Onboarding with Focus on Eastern European Markets (Russian Speaking)
Location Zürich
Job Code 8841
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  • Provide guidance, support and relevant information to Relationship Manager and Line Management in terms of all Compliance aspects related to client on-boarding, with a focus on clients introduced and managed by the Emerging Markets Desk with special focus on the Eastern and Central European Markets
  • In the context on an onboarding case, review new and existing clients, prepare client assessments for presentation to the Bank's account Opening Committees
  • Take ownership of specific on-boarding and mutation (change in circumstances) cases throughout the process and, where applicable, ensure escalation and presentation to higher Committees
  • Corroborate and challenge KYC information provided by the business and perform checks via internal and external database sources where appropriate 
  • Coordinate the commissioning of external due diligence reports where applicable
  • Ensure the follow-up on the completion of tasks arising from recommendations and conditions set out during the on-boarding process
  • Prepare internal investigation memorandums to determine potential filing of Suspicious Activity Reports (SARs) and assist in the processing of the filing, where applicable
  • Liaise and work with other Compliance functions in Zurich and Geneva in order to obtain a holistic client view and align on Group Compliance programs
  • Assist with departmental projects and initiatives as/when required
  • Monitor changes to business practices and products to ensure that AML controls and procedures are adequate to cover them 
Education:
Bachelor Degree
Technical skills:
Years of experience:
3-7 : intermediate
Exper. in financial sector:
Mandatory
Experience required:
  • A minimum of 3-7 years’ experience as Compliance, AML and/or KYC specialist in Private Banking/Wealth Management or similar role
  • Very good understanding of risk management and controls
  • Fluent in English and Russian
    • Local resident (Swiss):
    Mandatory
    Language 1:
    English
    Level 1:
    Fluent
    Language 2:
    Other
    Level 2:
    Fluent
    Language 3:
    Level 3:
    Personal skills:
  • Strong analytical and communication skills
  • Commercial awareness, solution focused
  • Ability to work independently, take decisions and set priorities
    • Challenges:
    Handling the day-to-day spectrum of client onboarding assessment activities of UBP Private Banking Zurich and Basel, with a focus on the Eastern European business to ensure adherence to applicable laws and regulations, including AML, CTF, Sanctions, anti-bribery and corruption laws, tax compliance as well as internal policies and procedures.
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