Products and Services Compliance

Role Overview

Products and Services Compliance position at Julius Baer. The role serves as a subject matter expert for Products and Services Compliance topics, supporting the Bank's Front Office and Management on compliance and regulatory risk matters.

Company Overview

Julius Baer is a wealth management organization that values individual qualities and enables employees to be impactful, entrepreneurial, and empowered to create value beyond wealth.

Role Purpose

Provide specialized compliance advisory and oversight on Products and Services risk matters, ensuring alignment with the Bank's risk appetite, regulatory obligations, and internal governance framework while fostering a strong compliance culture across the organization.

Key Responsibilities

Advisory and Risk Oversight

• Act as a trusted compliance advisor to Front Office employees and Management on Products and Services risk matters, ensuring alignment with the Bank's risk appetite, regulatory obligations, and internal governance framework.
• Serve as a subject matter expert on key compliance and regulatory risk topics, including Investment Suitability, Cross-Border activities, and Conduct Risk.
• Support the review and assessment of risks associated with new products, services, and business initiatives, ensuring adequate controls and compliance considerations.
• Provide training in connection with Compliance and Risk Management topics.

Monitoring, Controls & Risk Management

• Establish and maintain policies, procedures, controls, and monitoring frameworks to ensure adherence to applicable regulations and internal standards.
• Design, implement, and execute risk-based monitoring and control activities to assess Front Office compliance with key risk topics.
• Identify control weaknesses and compliance gaps and drive or support remediation efforts to strengthen the Bank's risk management framework.
• Manage key risk indicators and other relevant metrics to monitor Front Office compliance.

Governance, Regulatory & Audit Support

• Support regulatory and compliance-related initiatives, such as change and transformation projects impacting Products and Services matters.
• Facilitate and coordinate responses to internal audits, external audits, and regulatory reviews.
• Track and support the timely implementation of corrective action plans arising from audit findings, compliance reviews, and regulatory observations.
• Assist in the management of client complaints and internal investigations, ensuring appropriate escalation, root cause analysis, and remediation.
• Prepare Management Information for the Risk Management Committee.

Stakeholder Engagement & Culture

• Collaborate closely with Front Risk Units, Global Products and Solutions, Compliance teams, and other subject matter experts both locally and across booking centres.
• Foster effective partnerships across the first and second lines of defence to promote consistent risk management practices and regulatory compliance.
• Contribute to the development and promotion of a strong compliance culture, reinforcing ethical conduct, accountability, and risk awareness throughout the organization.

Qualifications & Experience

• Minimum 3 years of experience in Private Banking or a related field, with a solid understanding of investment products, advisory processes, and investment suitability requirements.
• Experience within Compliance, Risk Management, Audit, or related control functions would be advantageous.

Skills & Competencies

• Strong interpersonal and stakeholder management skills, with the ability to influence, challenge, and collaborate effectively across levels of the organization.
• Strong written communication skills, with the ability to draft thorough and well-structured compliance documentation.
• Strong analytical, critical thinking, and problem-solving skills, with the ability to assess complex issues and formulate risk-based solutions.
• Proven ability to manage multiple priorities and deliver high-quality outcomes in a dynamic and fast-paced environment.
• Self-motivated and able to work independently, demonstrating sound judgment, initiative, and a solution-oriented mindset.
• Proficient in Microsoft Office applications, particularly Excel, PowerPoint, and Word.
• Experience with data analytics, reporting tools, advanced Excel functionalities including macros and VBA, or other data analysis techniques would be an advantage.
• High level of integrity, professionalism, and commitment to fostering a strong risk and compliance culture.