Description of the Business Line or Department
At a strategic level, the compliance and financial crime (CAFC) team is a crucial function within the KH Group and is responsible for identifying, assessing, monitoring and reporting on the firm’s compliance risk. CAFC seeks to ensure that the KH Group complies with its obligations and advises the business in respect of regulatory matters. The teams focus is divided into a number of specific areas, including:
4 Conduct of business;
4 Regulatory liaison including non-financial regulatory reporting;
4 Compliance projects;
4 Financial crime including AB&C and sanctions;
4 Legal entity requirements; and
4 Regulatory change.
The Core Compliance Team (CCT)’s specific role within the wider CAFC structure is to operate on group-wide basis to:
4 Support all KH entities by completing defined compliance and financial crime activities / tasks.
4 Assist the CAFC teams located in the UK, Channel Islands and Gibraltar with a range of technical and administrative tasks.
4 Assist commercial and administrative business units in the first line by providing technical compliance support including responding to queries, providing certain approvals and advising on regulatory changes.
4 Support other second and third lines of defence functions to build and maintain a comprehensive and effective risk management and control framework.
Summary of the key purposes of the role
4 Support the Group Compliance Function in the completion of a number of Core Compliance activities at a Group level to ensure the Compliance function meets its regulatory obligation and can support the commercial and administrative business units.
4 Support the Group Compliance Function comply with all relevant legislation, rules, regulations and codes of conduct through a coordinated and effective approach to regulatory rules mapping including regulatory change.
4 Safeguard the reputation of the Kleinwort Hambros Group by undertaking a range of compliance and financial crime activities for all KH entities and jurisdictions in accordance with KPIs and KRIs for the CCT.
Summary of responsibilities
4 Assist in the maintenance of the KH Group’s Compliance manuals, policies and procedures, logs and registers to ensure each legal entity’s systems and controls continue to meet its regulatory obligations and requirements.
4 Manage non financial regulatory change (exc. Pudential/Data Protection) by identifying, reviewing and assessing the impact of new national and international legislation, regulation, guidance and rules and liasing with the business to help embed these requirements.
4 Assist in the updating and maintenance of the Compliance Functions Rule Mapping requirements across all jurisdictions.
4 Support the Compliance Function by completing internal and external reporting requirements.
4 Act as first point of contact for routine business queries and support requests.
4 Act as a point of escalation referral to SMEs, BPs or legal entity CAFC teams including compliance officers and MLROs.
4 Complete periodic assurance tasks, Compliance and AML controls and country risk reviews.
4 Assist in the delivery and review of the Annual Attestation process
4 Undertake compliance project actions, including participating in regulatory visits, Audit reviews etc as required.
4 Support the closure of audit or other recommendations relevant to CAFC.
4 Assist in the delivery of education, awareness and training to staff on Compliance topics
4 Lead on the completion of the COMPASS Control Assessments seeking SME input
4 Assist in completing the Compliance Risk Assessments for each legal entity in the KH Group
4 Complete the review and approval of Financial Promotions and Outside Business Interests requests.
4 Ensure that all other SLAs in place between the CCT and other CAFC functions are met.
4 Perform all duties in accordance with the principles outlined in the SG Code of Conduct, as well as the policies and procedures relevant to your responsibilities, to ensure that you adhere to a culture that treats clients fairly and focuses on the long-term sustainability of client relationships.
Level of Autonomy and Authority
· Expected to complete compliance related activities across all jurisdictions in accordance with agreed practices, policies and procedures.
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