With around 800 employees, LGT Bank Switzerland has established itself as a renowned Swiss private bank and is an excellent address for both wealthy private clients and employees - this was also confirmed last year by the independent institute "Great Place To Work", which awarded LGT Bank Switzerland the title of one of the best employers in Switzerland.Job Description
Business Risk Managers work in an advisory function with market knowledge and first point of contact for Relationship Managers in their role as First Line of Defense (1st LoD) unit in relation to due diligence and tax issues and other issues relating to account openings and Client File Review. Interface function between customer front line (1st line) and compliance (2nd line). Material KYC Check and onboarding review. Support for Relationship Managers during client interactions. Preparation, review, assessment and updating of client profiles. Identification of money laundering, sanctions, reputational, ESR and other business risks, including the definition of measures to minimise risks. Reporting to various Stakeholders (Management, Front etc). Key responsibilities include:
- Conduct onboarding and ongoing due diligence KYC reviews to identify and assess potential risks, including money laundering, reputational risks, ESR and implement strategies to mitigate these risks effectively.
- Acting as the first point of contact and sparring partner for questions related to due diligence, AML, and complex client structures for Relationship Managers, ensuring they have the necessary guidance to manage client interactions effectively. Provide expert advice on account openings, KYC checks, and pre-checks, as well ongoing due diligence reviews, conducting plausibility checks of tax status. Additional checks particularly for complex cases might be done in coordination with specialist departments.
- Act as a subject matter expert, guiding and educating less experienced colleagues on best practices in 1st LoD Risk Management, including AML, KYC, and due diligence processes.
- Maintain up-to-date knowledge of changes in laws and regulations through continuous education and apply this knowledge to improve processes.
- Completed commercial apprenticeship with background in financial services industry; University degree or equivalent in Business Administration, Law, Economics or a related field.
- Experience in Business Risk Management or similar 1st LoD role, Compliance, Audit or a related field within the financial services industry.
- Proven success in identifying, assessing, and mitigating risks, along with a history of ensuring regulatory compliance and effective incident management.
- Proficiency in using industry-standard software and tools, strong analytical skills and attention to detail, teamwork and strong communication skills along with the ability to interpret complex data. Understanding of regulatory requirements such as AML, tax, sanctions, etc.
- Fluent in both written and spoken French and English. Knowledge of Arabic or any other language is an advantage.
Please note that we are not considering applications submitted via recruitment agencies for this position.
Contact InformationFor further information please do not hesitate to contact us.
LGT Bank (Schweiz) AGHuman Resources
David BeckerSkills Required
- Completed commercial apprenticeship with a background in the financial services industry
- University degree or equivalent in Business Administration, Law, Economics, or a related field
- Experience in Business Risk Management, a similar first-line risk role, Compliance, Audit, or a related financial services field
- Experience identifying, assessing, and mitigating risks
- Experience ensuring regulatory compliance and managing incidents effectively
- Proficiency with industry-standard software and tools
- Strong analytical skills and attention to detail
- Teamwork and strong communication skills
- Ability to interpret complex data
- Understanding of AML, tax, sanctions, and related regulatory requirements
- Fluency in written and spoken French and English
- Knowledge of Arabic or another language
What We Do
Forward-looking for generations LGT is an international private bank owned by the Princely Family of Liechtenstein with 23 locations in Europe, Asia, Australia, and the Middle East. Our solid capitalization, long-term thinking, and strategic focus underpin our strong values. These are rooted in 900 years tradition and entrepreneurial thinking. Digitization represents a key pillar of how we continually innovate to find better ways of doing things - today and for the future. Sustainable and social: Sustainability is a pillar of LGT's strategy. Thinking, managing, and investing sustainably are integral parts of our DNA. LGT has committed to reducing the net CO2 emissions from its operations and its investments to zero by 2030. The Princely Family’s view is that wealth itself isn't a purpose, but that it comes with a sense of responsibility. Being wealthy means embracing and acting on that responsibility, as well as passing these values on to the next generation. LGT as an employer: LGT is a vibrant, growing international company and employer. We are certified as a Great Place to Work by the international consulting and research institute of the same name. Whether you have a wealth of experience or are embarking on your first professional steps, LGT careers offer an empowering environment to realize your ambitions. Take your next career step at one of our 23 international locations: www.lgt.com/global-en/career/jobs Publishing information: www.lgt.com/global-en/publishing-information
