Wealth Management Business Risk Managers (BRMs) play a key role within WM first line of defense. Reporting to the Head of WM, BRMs are the internal referent, for one or several markets, on the following subjects: AML, CDB, Risk Appetite and KYT/KYC issues
· Ensure adequate AML and KYC risk mitigation and adherence to Bank’s Qualitative Risk appetite on client onboardings, change in circumstances (CIC), and other reviews before Compliance review as well as the completeness of corroboration.
· Ensure continuous AML/CDB risk framework awareness, keeping WM knowledge, education and sensitivity up to date.
· Synchronize with Compliance Remediation and Onboarding as well as Client Documentation teams to ensure standards are met on onboarding, mutations (CIC) and reviews and to escalate any detected risks or operational issues.
· Review and close all normal and medium risk Transactional alerts clarified by the front office.
· Launch Evident Driven Reviews following change in Circumstances in the relationship life cycle.
· Increase risk awareness within the WM Markets by ensuring that RMs are aware of internal directives, of the regulatory requirement and updated on all new practices with a focus on AML, CDB and Sanction subjects.
· Upon Management’s request, act as a relay of authority within the WM Markets on certain initiatives.
· Any other task required by Management relating to the Mission of the employee.