At a Glance
- Tasks: Ensure compliance and quality assurance in anti-money laundering processes.
- Company: Join Standard Bank Offshore, a leader in Africa-focused financial services.
- Benefits: Competitive salary, professional growth, and the chance to work with top talent.
- Other info: Isle of Man residents only; no relocation or sponsorship available.
- Why this job: Make a real impact in combating financial crime while growing your career.
- Qualifications: Diploma in Risk Management and 3-4 years of compliance experience required.
The predicted salary is between 40000 - 50000 £ per year.
Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offer a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa.
To define and maintain the Anti-Money Laundering and Combatting Financing of Terror (AML / CFT) Quality Assurance framework covering all Money Laundering and Financing of Terror Surveillance processes, services and products and to conduct end-to-end QA reviews across MLS accordingly, therefore mitigating the potential for operational losses, fines, penalties or reputational damage to the organisation.
Minimum Qualification
- Diploma in Risk Management
Experience Required
- 3-4 years experience in Compliance
- Experience in the analysis of money laundering and terrorist financing indicators and trends.
- Experience in bank processes, products and systems.
- Experience in dealing with different stakeholders at different levels both internal and external.
- Experience in quality assurance or audit (i.e. able to conduct qualitative assessment of peer / subordinate work).
- Experience in an oversight role related to AML / CFT analytics.
- Experience in the realm of Anti-Fraud, Bribery, Market Abuse, Money Laundering and Combatting Financing of Terrorism Surveillance, Analytics and Investigation.
Key Outputs
- Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
- Collaborate with the Financial Intelligence Centre, as and when required, to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FIC.
- Conduct in-depth analysis to ensure that the organisations' products and services adhere to all relevant legislation and regulations.
- Contribute to the periodic and ad-hoc system, process or data related reviews (e.g. rule tuning, systems verification, transaction monitoring, bank data testing, quality assurance reviews) as per the respective plans.
- Define and maintain the AML / CFT Quality Assurance framework in the context of relevant money laundering and terrorist financing trends, previous QA outcomes, regulations, legislation, standards, processes, procedures and any relevant guidance.
- Conduct QA reviews in MLS in accordance with the QA framework.
- Manage and monitor the implementation of improvements and remedial actions emanating from the QA findings, until close out.
Behavioural Competencies
- Articulating Information
- Checking Things
- Developing Expertise
- Developing Strategies
- Exploring Possibilities
- Following Procedures
Technical Competencies
- Financial Industry Regulatory Framework
- Fraud Detection and Management
- Identity and Security Compliance
- Promote Good Governance, Risk & Control
- Quality Management System
- Support Risk Management
Senior Quality Assurance Analyst in Douglas employer: Standard Bank Group
Standard Bank Offshore is an exceptional employer, offering a dynamic work environment in the Isle of Man where innovation meets purpose. With a strong focus on employee growth and development, we provide our team with access to career-enhancing opportunities alongside some of the industry's most talented professionals. Our commitment to creating meaningful value for clients and communities fosters a collaborative culture that empowers employees to thrive in their roles while contributing to the growth of Africa.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Quality Assurance Analyst in Douglas
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Standard Bank Group looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Quality Assurance Analyst in Douglas
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Standard Bank Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Standard Bank Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Standard Bank Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
