Senior Compliance Officer

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About TMF Group

TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. We provide legal, financial and employee administration through TMF Group’s teams in 120 offices.

Job purpose

To provide support to the TMF Services SA as the Senior Compliance Officer. Through successful work, develop, deliver, maintain, control and continuously improve a robust compliance framework for all business lines including but not limited to onboarding, ongoing reviews and exits process, whilst influencing the development of a compliance culture within TMF Switzerland and the cooperation with the Market and TMF Group. The Head of Risk and Compliance will work closely with the Board of Directors, Market Head of Risk and Compliance, Heads of Service Lines and Front Desk. In this role you will have 1-2 colleagues reporting into you.

Key responsibilities

Compliance Framework design and implementation

• Ensuring that the Compliance Policies and Procedures are maintained on an ongoing basis in accordance with the relevant laws, regulations, and guidance;
• Develop, review, and implement adequate policies & procedures in order to meet the Swiss compliance requirements and other applicable rules, regulations, guidance, including controls relevant to the prevention of AML and anti-terrorist financing.

Compliance Advisory

• Ensuring that a consistent, proportionate, and risk-based approach is applied to all compliance matters;
• Assist the Board with providing compliance advice and support across the company business to ensure the resolution of compliance issues;
• Advise the Board on AML-matters and AML risk management and escalating to the MD any specific issue that requires special attention;
• Oversee the maintenance of client acceptance files (CDD) and advise on the (re-) acceptance of client;
• Analyses local developments & new compliance legislation and advise on them;
• Provide advice & guidance to employees as appropriate on anti-money laundering matters and other compliance requirements and TMF Group policy;
• Advise on and ensure proper action plans are made to address upcoming changes in regulation and best practice;
• Compliance Controls;
• Responsible for reviewing all existing compliance policies to ensure that they continually meet Swiss regulatory and best practice requirements, as well as TMF Group Policies;
• Ensure AML risk management, including the creation of new and review of existing procedures for TMF’s business, so that any regulatory or administrative deficiencies may be identified and addressed accordingly;
• Identify and manage suspected, presumed, or actual money laundering cases, and suggest appropriate action to the Board for (requesting clarification and proof from the Client or / and reporting to the MROS if required;
• Act as the AML responsible officer for TMF for exchange of information with the AML-auditors, ARIF, other public authorities and TMF Group on compliance matters and develop enhanced relationships with them;
• Control sanctions and embargos lists and Financial Action Task Force (‘FATF’) non-cooperative countries
• Onboard of new clients and sign off Client Risk Assessment (CRA);
• Advise on LEFIN obligations;
• Carry out an on-going review of AML / CFT / Sanction controls and suggest additional controls as may be necessary;
• Organize and control TMFs day-to-day administrative and operational compliance activities, review of assets and change in business for Client Entities;
• Ensuring prompt escalation of any Compliance risks or issues;
• Act as local data protection officer.

Compliance Monitoring

• Ensuring the effective operation and delivery of a risk-based compliance monitoring program;
• Ensuring a Compliance monitoring and oversight of company´s regulatory activities against regulatory requirements (in particular ARIF).

Compliance and audit reporting

• Maintain key registers;
• Issue regular reports to the Board and TMF Group on the assessment of AML- and compliance-work and the potential risks identified;
• Identify and manage suspected, presumed or actual money laundering cases, and suggest appropriate action to the Board for requesting clarification and proof from the Client and / or reporting to the MROS if required;
• Manage audit tasks and communication with auditors and respective regulatory bodies;
• Ensure that findings are reviewed and impact considered to determine if changes may be required to policies, procedures, controls, training, etc;
• Ensure that compliance controls , KYC files and records are kept properly, including the holding of an up-to-date AML-register (“AML Register”) for internal and external purposes.

Compliance culture and training

• Ensure all Employees required to attend mandatory and regulatory training, document all training, attendance and supporting documentation for providing to ARIF and the AML-auditor;

Qualifications

• Preferable master's degree in Swiss Law or solid relevant professional experience. Certified as Compliance Officer is an advantage;
• Ideally a minimum of 5 years´ experience in a similar compliance and/or risk/audit role;
• Knowledge of data protection law or any experience;
• Knowledge of CRS/FATCA is an advantage;
• Familiarity with AML, other Local and European Compliance law, Sanction law and also a broad understanding of Compliance and Sanctions mechanisms;
• Understands and applies control and risk and governance frameworks consistently;
• Solid communications and interpersonal skills, and a strong will to safeguard the business;
• Excellent organizational and management skills, attention to details and ability to work under pressure and to prioritize workloads;
• Excellent English written and verbal communication skills. French and German are an advantage.

Applications close: 08 Feb 2023 W. Europe Standard Time

For further information, and to apply, please visit our website via the “Apply” button below.