Job Purpose
The Compliance Officer will support the Sovereign Wealth compliance function by helping to ensure the business operates in accordance with Gibraltar’s regulatory and legislative requirements. Working closely with the Money Laundering Reporting Officer (MLRO), the successful candidate will assist with monitoring compliance, conducting due diligence, managing regulatory processes, and supporting the ongoing development of a robust compliance framework.
This is an excellent opportunity to join a forward-thinking organisation that offers ongoing training, professional development, and career progression.
About Sovereign Wealth
Sovereign Wealth is the investment advisory division of the Sovereign Group, providing independent financial planning and investment solutions to private clients. Regulated by the Gibraltar Financial Services Commission (GFSC), the team works with leading investment managers and private banks to deliver objective, tailored advice backed by the strength of one of the world’s largest independent trust and corporate service providers.
Key Responsibilities
- Conduct client due diligence (CDD/EDD), risk assessments, and compliance checks for new business relationships.
- Perform periodic reviews and ongoing risk assessments of existing client relationships in line with regulatory requirements and internal policies.
- Support the account closure process, ensuring all compliance checks, documentation, and approvals are completed.
- Assist with the assessment and management of trigger events, including client, regulatory, and risk-related notifications.
- Support the delivery of the Compliance Monitoring Programme by carrying out testing, documenting findings, and making recommendations.
- Conduct sanctions screening and assist with ongoing AML/CFT/CPF monitoring activities.
- Review and investigate sanctions screening alerts, ensuring false positives are accurately assessed, documented, and resolved.
- Provide administrative and analytical support to the MLRO, including preparing compliance reports and management information.
- Maintain and monitor staff compliance obligations, including CPD records and mandatory training completion.
- Establish and maintain Terms of Business arrangements with investment managers, platforms, and other third-party providers.
- Work collaboratively with colleagues across the business to provide an effective and coordinated compliance service.
Ideal Candidate
- Previous experience in a compliance role is desirable.
- Good understanding of AML/CFT/CPF regulations and regulatory requirements.
- Holds a relevant compliance qualification or is willing to work towards one.
- Excellent organisational skills with strong attention to detail.
- Strong written and verbal communication skills.
- Ability to prioritise workloads, meet deadlines, and manage multiple tasks effectively.
- Proactive approach with excellent problem-solving skills.
- Ability to work both independently and as part of a collaborative team.
- Proficient in Microsoft Office applications.
- Willingness to keep up to date with regulatory developments and industry best practice.
Benefits
- Private health insurance upon successful completion of probation.
- Company pension scheme after one year’s service, with employer matching contributions of up to 10%.
- Flexible working hours.
- Reduced corporate gym membership.
- Paid sick leave.
- Enhanced maternity and paternity leave.
- Support for professional qualifications, including payment of course fees, study materials, and study leave.
- Up to 25 days’ annual leave plus public holidays.
- Global Employee Assistance Programme.
- Career development and progression opportunities.
- Bi-annual VDU eye tests.
- Regular sports and social events.
Equal Opportunities
The Sovereign Group is proud to be an equal opportunities employer and is committed to promoting diversity and inclusion throughout the organisation. We do not tolerate discrimination against any protected characteristics, including gender, age, sexual orientation, race, religion, disability, parental status, or maternity.
Equal opportunities apply across all areas of employment, including pay, working hours, holiday entitlement, sick pay, recruitment, training, and promotion.
