Onboarding & Periodic Review Executive – R&CoBI

Rothschild & Co•Guernsey, WY

About The Position

The Periodic Review Executive is part of Rothschild & Co Bank International’s Onboarding and Periodic Review team in Guernsey. The team manages the compliant onboarding of new clients and periodic reviews of existing individual and legal-entity clients, including companies and trusts. Reviews must meet AML/CFT regulatory and international tax compliance requirements. The team reviews and approves low- and medium-risk clients, reviews high-risk and politically exposed person (PEP) clients before referring them to Compliance for approval, and completes trigger reviews when required. It also creates and maintains client static data in the banking system. The role involves daily contact with Front Office teams and Compliance, as well as colleagues across the wider group regarding mutual relationships. The successful candidate may also assist with onboarding workflows. They are expected to understand the relevant regulatory framework while supporting an efficient service for Front Office teams and clients. The role calls for strong organisation, attention to detail, multitasking, deadline management, clear communication about remediation requirements, pragmatic problem-solving, and ideas for improving procedures, controls, quality, and efficiency.

Requirements

At least two years of experience working in a periodic review team in the financial services sector.
In-depth knowledge of regulatory customer due diligence (CDD) requirements, including those concerning corporate entities and trusts.
Competent IT skills, including Microsoft Office.
Diligence and a high level of attention to detail.
Excellent oral and written communication skills.
Strong organisational and time-management skills.
Ability to work independently as a self-starter and collaboratively as a team player.
Ability to manage multiple tasks and meet challenging deadlines when required.
Ability to communicate remediation requirements clearly to Front Office client teams.
Pragmatic and proactive problem-solving ability, including out-of-the-box thinking.
Confidence generating ideas to improve procedures and controls and make processes more effective and efficient.

Responsibilities

Review client documentation, including signed forms, source-of-wealth narratives and corroboration, and broader client due diligence.
Assess client relationship risk and determine whether risk ratings should change or cases should be escalated to Compliance.
Explain remediation requirements to Front Office teams and draft client communications for requesting required documentation.
Record and monitor documents requested by Front Office during the review process.
Maintain clear and complete records documenting the review process.
Present high-risk cases to the Business Acceptance Committee to seek approval for continuation of the relationship.
Update client data in the banking system.
Report review progress regularly to the Team Leader and senior management.
Work collaboratively and raise concerns or issues with senior team members or the Money Laundering Reporting Officer.
Assist the wider team with central tasks, including IT and regulatory projects and SWIFT Sanctions Transaction Screening.
Manage and prioritise own workload.
From time to time, assist with the onboarding workflow.