The position the Regulatory Compliance Officer supports the Regulatory Compliance function in ensuring adherence to Swiss regulatory requirements applicable to Private Banking, with a focus on Market Conduct, FIDLEG, Cross-Border activities, Third Parties oversight and Client Tax compliance (FATCA/CRS).
Key ResponsibilitiesMarket Conduct- Monitor employee personal account dealing and staff transactions.
- Support surveillance activities related to market abuse and conduct risk.
- Contribute to conduct-related reporting and control testing.
- Support client classification and reclassification processes (opt-up/opt-down).
- Review client transactions/documentation to ensure compliance with duty of information, suitability requirements.
- Assist in monitoring best execution and conflict of interest frameworks.
- Provide regulatory guidance to Front Office on FIDLEG-related matters.
- Assess cross-border implications in client onboarding and account maintenance.
- Support review of employee travel activities and cross-border servicing restrictions.
- Maintain cross-border country guidelines and provide regulatory advice.
- Support outsourcing and vendor arrangements from a regulatory perspective.
- Assist in FATCA and CRS oversight, mainly documentation reviews and ongoing monitoring.
- Contribute to regulatory reporting and remediation processes where required.
Reporting Committees
- Assist to prepare reports, KRIs and other indicators to the regulatory compliance committees.
Qualifications & Special knowledge and skills required:
- Minimum 3-5 years experience in Compliance functions within Private Banking
- Experience with regulatory projects
- FATCA, CRS related experience is an assets
- Excellent Microsoft Office skills
- Knowledge of Latin American markets is an asset
- Knowledge of Swiss regulatory framework applicable to Private Banking & wealth management
- Knowledge of financial products and regulatory requirements
- Team player and pro-active, willing to take responsibility
- Suits well in an international environment
- Strong intercultural and interpersonal skills
- Seeks to join the collaborative working environment of a dynamic international team and to share experience acquired to excel as a team
- Exceptional communication skills
- Very Good interpersonal relationship
- University degree in Law or Business Administration or relevant experience by means of a Banking education with additional Compliance focused certifications
- Compliance Degree (DAS or similar)
Skills Required
- Minimum 3-5 years experience in Compliance functions within Private Banking
- Experience with regulatory projects
- FATCA, CRS related experience
- Excellent Microsoft Office skills
- Knowledge of Latin American markets
- Knowledge of Swiss regulatory framework
- Team player and pro-active
- Strong intercultural and interpersonal skills
- University degree in Law or Business Administration
- Compliance Degree (DAS or similar)
What We Do
Itaú Unibanco is a global financial services firm and the largest private sector financial institution in Latin America. Headquartered in São Paulo, Brazil, Itaú is a full-service financial institution that offers a complete spectrum of financial products and services to a broad range of clients, from individuals to the most sophisticated institutional investors. Itaú has operations in 19 countries throughout the Americas, Asia, Middle East and Europe. In the United States, Itaú has offices in Miami and New York with three lines of business offering a broad range of corporate investment, asset management and private banking services. Learn more: - Private Bank (search for "Itaú Private Bank") - Asset Management (search for "Itaú Asset Management") - Corporate & Investment Bank (search for "Itaú BBA") The information contained herein is for reference/informational purposes only, and does not constitute any invitation or recommendation of investments of any kind. The information is provided “as is” and Itaú does not warrant its accuracy, completeness or adequacy, nor does it undertake any obligation to maintain it updated at all times.
