Business Compliance Manager

The Business Compliance Manager role is initiated since first line compliance assurance is the basis of our service offering. The role is to assure continuous focus on both delivery and quality of first line compliance for and within each of the operational teams. 

The Business Compliance Manager is responsible to securing proper fulfilment of Wwft and WTT compliance in the allocated teams (during the full life cycle of the Object Company) and promoting the quality consistency and uniformity of methods and definitions applied in the registration of all related actions and documents (data quality) in the relevant tools (such as RA-CAM SERR and ANTrance).  

Tasks 

The Business Compliance Manager: 

• Assures the quality of the regulatory and procedural client due diligence during and outside the (periodic) compliance review and the onboarding and offboarding processes (in line with the WWFT and WTT). Educates and advises the members of the teams to increase consistency and quality throughout the teams. 
• Assures substantiation and documentation of all relevant parts of the structures and the UBOs of the relevant parts of the structures (and the clients). Verifies Risk Analysis and Client Acceptance Memoranda (RA-CAM) group integrity risk profiles (SERR) transaction profiles sources of funds sources of wealth and total net worth of UBOs. Explains the purpose of each layer of the structures and the flows of funds (charts). Drafts sanction PEP and bad press memos if required (based on daily screening results). Implements mitigating measures and enhanced due diligence measures whenever required.  
• Supports Client Service Managers with completing the Client Memoranda and Client Acceptance tabs ensuring that all assessments and conclusions are properly documented. Provides input reviews and approves the RA-CAMs and assures that the Client Memoranda are snapshotted afterwards before the compliance review due dates or before OCA. 
• Monitors OCA trigger events and follow-up as requested by OCA. Assures follow-up on assessments done by Compliance and in connection with the Management Attention lists. 
• Performs overall client file reviews for the allocated teams. 
• Escalates non-conformities and behavioural issues to the line manager. 
• Maintains close contact with the second line Risk & Compliance department (assessing the quality of compliance and keeping track of open items). Ensures proper follow-up of their advises and/or action points specific SERR improvements and GRRC (Group Reputational Risk Committee) requirements within the allocated teams.  

Qualifications :

Key competencies for the role 

• Action oriented
• Communicates effectively
• Being resilient 
• Interpersonal savvy 
• Plans and aligns 
• Organizational savvy 

Key behaviours we expect to see  

In addition to demonstrating our Group Values (Authentic Bold and Collaborative) the Business Compliance Manager will be expected to demonstrate the following:  

• Having a hands-on can-do mentality integrity transparency and a risk management mindset.  
• Being structured well organized proactive in approaching Client Service Managers and clients and energetic determined resilient and persistent. 
• Planning the first line compliance follow-up tasks needed and assuring execution. 
• Being the advocate for first line compliance and our procedures within the team. 
• Sharing compliance news tips frequently made mistakes and best practices with the team. 
• Supporting the guidance of the operational team members in the Netherlands and GCD (Global Client Delivery) in staying first line compliance adopters.  

Required Experience  

• Excellent organisational prioritisation and interpersonal skills. Plans and aligns. 
• Problem solver. Strong communicator and influencer. 
• At least 3 years experience working in a similar compliance related role in the financial services industry. 
• Preferably knowledge of or experience working in the (global) investor services industry.  
• Knowledge of the WWFT and the WTT. 
• Masters degree (preferably Dutch law). 
• Fluent in the English language a good understanding of Dutch is preferred. 

Additional Information :

At IQ-EQ we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations. With a strong emphasis on continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.

Remote Work :

No

Employment Type :

Full-time