Financial Crime World

Compliance Officer Responsibilities Key to Success at Saint Helena-Based IQ-EQ

In a move aimed at strengthening its first-line compliance assurance, Saint Helena-based Investor Services group IQ-EQ has announced the creation of the Senior Business Compliance Officer role. This position is crucial in ensuring the continuous focus on both delivery and quality of first-line compliance across operational teams.

Key Responsibilities

The Senior Business Compliance Officer will be responsible for:

  • Securing proper fulfillment of Wwft and WTT compliance in the team
  • Promoting the quality, consistency, and uniformity of methods and definitions applied in the registration of all related actions and documents
  • Ensuring the quality of regulatory and procedural client due diligence during and outside the periodic compliance review process
  • Educating and advising team members to increase consistency and quality throughout the team

Additional Responsibilities

The Senior Business Compliance Officer will also be responsible for:

  • Verifying integrity risk profiles, transaction profiles, source of funds, source of wealth, and total net worth of ultimate beneficial owners (UBOs)
  • Drafting PEP and bad press memos as required
  • Implementing mitigating measures and enhanced due diligence whenever necessary
  • Supporting Client Service Managers with completing the Client Memorandum and Client Acceptance tab

Requirements

The ideal candidate for this role should possess:

  • Excellent organisational, prioritisation, and interpersonal skills
  • Strong communication and influencing abilities
  • At least three years’ experience working in a similar compliance-related role in the financial services industry

IQ-EQ’s Commitment to Employee Development

IQ-EQ has emphasized its commitment to fostering an inclusive and diverse environment that supports employees’ career aspirations. The company offers opportunities across its service lines and international network of offices, as well as a strong emphasis on continuous learning and professional development.

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