Head of Compliance, Private Clients

Job description: Head of Compliance Private Clients

Tasks

• Leading and developing a team of experienced compliance officers in Switzerland and Germany, promoting cross-border cooperation, continuous professional development, and regulatory awareness in all teams, as well as effective implementation of the Group Compliance Framework
• Expert guidance on Swiss, EU, and international regulatory frameworks affecting wealth management, including interpretation and communication of requirements and cross-border rules relevant to private banking
• Identifying and assessing the impact of new or updated regulatory requirements and providing clear and tailored advice to relevant boards, senior management, and stakeholders, as well as ensuring that policies and procedures are fully compliant with applicable regulatory requirements, best practices, and Group standards.
• Ensuring that rigorous suitability assessments and controls are in place for client onboarding and product offerings, including wealth management advice, transactions, and discretionary management activities
• Develop and maintain a robust compliance control environment, including regular risk assessments and control testing, improve violation detection and escalation, ensure effective corrective action, and report regularly to senior management, regulatory authorities, and relevant committees.
• Overseeing investigations of compliance violations, managing corrective actions and ensuring proper documentation and reporting
• Maintaining a robust and constructive relationship with key regulatory authorities, including FINMA, as well as external and internal auditors
• Ensuring that critical compliance-related matters are escalated to senior management in a timely manner

Requirements

• At least 8 years of experience in a management position, preferably in an international private banking environment, with a strong focus on regulatory compliance in Switzerland and the EU
• Strong understanding of suitability, conflicts of interest, marketing compliance, cross-border, ESG, and control frameworks
• Proven experience in designing, implementing, and maintaining robust compliance frameworks (including creating and implementing policies, procedures, controls, and risk assessments)
• Strong sense of integrity and ethics, as well as organizational and analytical skills
• Recognition as a reliable and trustworthy partner by the first and second lines of defense as well as by external service providers
• Language skills in German and English; verbal and written communication skills in French and Italian are an advantage
• Advanced degree in law, finance, or a related field

We offer

• Prime location in Zurich with collaboration spaces and complimentary lunches
• All the latest technology to support you in your work and advance your career
• Agile environment in our way of thinking, our way of working and our trust in each other
• Many special benefits, including the option to work from home up to 20% of the time
• Flat hierarchy with collaboration at all levels
• Campus atmosphere and collaborative spirit