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Sanctions Compliance Officer

Location
Lancy, Genève
Job Type
Permanent
Posted
6 Sep 2022

A career at the Lombard Odier Group is something to be proud of. Our mission is to protect and grow our clients' wealth - but not by any means necessary. Sustainability is at the heart of everything we do and we treat our clients' wealth as if it were our own. We protect our clients' assets for the long-term using expertise and innovation, all underpinned by our Rethink Everything philosophy. Our colleagues are the foundation of our success. We employ people at different life stages, from graduates to executive level leaders. The one thing they all have in common is that they seek to challenge the status quo, are imaginative and have the ability to offer a fresh perspective.

Bank Lombard Odier & Co Ltd in Geneva is looking for a candidate to fulfil the following mission statement:

Sanctions Compliance Officer

YOUR MISSION :

  • Performance and follow-up of dedicated sanctions compliance investigations, reviews and risk assessments;
  • Evaluation of investments securities, funds or other, presenting direct or indirect links with countries under sanction;
  • Evaluation of onboarding acceptance for prospective clients, establishment of the conditions and restrictions to be applied and related procedures. Analysis to be provided to SILBA / CLM team for new onboarding cases with a sanctions exposure - inclusion of Sanctions assessment in DDC submissions;
  • Assess the implementation of blocking and restrictive controls on client accounts, assets, and transactions as well as on securities and any further risk mitigation measure;
  • Daily and ongoing advice and support the Bank's management and staff with respect to sanctions compliance;
  • Management of requests and reporting from /of sanctions regulatory competent authorities (OFAC, OFSI, SECO) on sanctions issues;
  • Handling of sanction questionnaires received by our counterparties;
  • Identify possible new countries/parties/securities under sanctions based on a dedicated regulatory watch;
  • Maintain the Sanctions Directive and the related Group Guidelines and the communication of any changes thereto;
  • Responsible for the sanctions compliance training, awareness raising and other communications, as appropriate;
  • Tracking, risk base analysis and remediation measures implementation related to potential sanctions' impacted clients of all types;
  • Assistance to be provided to T&O for situations related to inflows / outflows / internal transactions / securities transactions for accounts subject to a close-monitoring in the sanctions perimeter;
  • With the collaboration of Compliance-Monitoring, ex-ante payment sanctions screening messages filtering (Swift, SIC, SEPA, etc.) and handling and resolution of potential sanctions hits generated.
  • DESIRED PROFIL:

  • 3-5 years of experience in the banking sector within a Compliance, Sanctions, Financial Crime, Legal, Audit or similar function;
  • Independent working approach, combined with the ability to identify relevant compliance considerations in any given situation;
  • A university degree in Law/Economics or comparable studies or equivalent in working experience in the financial industry sector;
  • Reliability and ability to grasp relevant issues quickly, and meticulous attention to detail;
  • Good communication skills with a high standard of written and spoken English;
  • Resident in Switzerland or willing to relocate to Switzerland.
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    If you recognise yourself in this description, then please do apply. We look forward to hearing from you.

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    Details

    • Job Reference: 705702009-2
    • Date Posted: 6 September 2022
    • Recruiter: Lombard Odier
      Lombard Odier
    • Location: Lancy, Genève
    • Salary: On Application
    • Sector: Banking & Financial Services
    • Job Type: Permanent