CDD Manager
Full TimeJob Overview
In this role, the successful candidate will be responsible for managing and overseeing the due diligence process for prospective and existing clients, whilst collaborating with a variety of teams to ensure compliance, streamlining procedures, and safeguarding Canaccord Wealth’s interests.
The CDD Manager will assist the Execs in delivering an exceptional service to clients and ensure that all team members have the necessary resources to work efficiently and meet deadlines.
The CDD Manager will assist the Execs in delivering an exceptional service to clients and ensure that all team members have the necessary resources to work efficiently and meet deadlines.
Key Responsibilities
- Ensure the CDD team have the required knowledge to carry out their roles and arrange training where necessary. Encourage, by example, a culture of learning, openness and honesty where issues can be discussed, and all team members can benefit from their combined knowledge and expertise.
- Fulfil all CDD and EDD requirements for new accounts in line with all relevant regulations on a timely basis
- Oversee and assist in the processing of new accounts including the review of the account opening documentation
- Oversee the review of all 3rd party payment requests and/or transfers and trigger events (where necessary)
- Overall responsibility for ensuring that CDD and EDD are obtained and maintained and that any areas of concern are reported to the MLRO
- Encourage innovation and consider ways in which processes could be changed to improve working practises, including the development of Avaloq to assist with such improvements
- Responsibility for ensuring that department procedures are adhered to and remain up to date including the implementation of regular review.
Skills, Knowledge and Expertise
Technical /Qualifications
- At least 7 years' experience in a financial services organisation, with at least 5 years' experience in CDD
- Proven ability to make complex decisions in respect to CDD/EDD
- Supervisory/managerial experience
Regulatory Awareness/Compliance
- Excellent working knowledge of the GFSC, JFSC and IOM FSA regulatory handbooks.
- Keep abreast of any CDD regulatory changes and apply any changes to work.
- The ability to understand and apply regulations across various jurisdictions.
Core Competencies/Skills
- Ability to delegate work appropriately and manage the day to day workloads
- Ability to drive change and make continual improvement
- Ability to build strong working relationships with key stakeholders
- Excellent and effective communication skills, both written and verbal
- Excellent attention to detail and proven accuracy skills
- Effective decision maker
- Ability to assess the risks and make a risk-based decision on a commercial basis
- Excellent organisational skills
- Experience of Report production/writing.