AML Monitoring Compliance Officer

Job description

Tasks

• Main tasks are related to transaction monitoring
• Analysis of high-risk transactions
• Identification of suspicious behavior
• Management of alerts generated by the transaction monitoring system
• Tracking the escalation process for transaction monitoring alerts
• Recording the results of analyses and/or the escalation process in systems and tools
• Carrying out in-depth analyses of transaction patterns
• Escalation of highly sensitive and/or urgent cases to the head of AML monitoring
• Creation of analysis reports
• Support in escalating potentially suspicious matches to the Financial Intelligence Unit (FIU)
• Presentation of cases with other compliance units (including Group Compliance) and with E1OD teams (First Line of Defense)
• Updating systems and tools
• Collaboration with other compliance units (including Group Compliance) and with E1OD teams (First Line of Defense)
• Preparation and implementation of training courses and workshops on transaction monitoring
• Preparation and ensuring proper handover to backup

• Analysis and approval of transactions on accounts that are blocked for AML reasons (overrides)
• Management of third-party inquiries
• Analysis and approval of cash investment requests from FLOD
• Management of inquiries from correspondent banks – communication with FLOD, collection and control of information; provision of responses within the deadline
• Managing requests from the public prosecutor's office, MRCOs, and other authorities – collecting and checking information, preparing files, providing responses within the deadline

• AML questionnaires
• Management of requests for AML/KYC questionnaires from EFG Bank AG counterparties within the deadline
• Coordination with other departments to gather necessary information and approvals
• Analysis and verification of the accuracy and sequence of documentation to be provided
• Taking action in the event of expired and/or inaccurate documentation
• Management of AML letters and comfort letters by preparing texts and collecting approvals and signatures
• Adaptation of responses to the legal system of the counterparties
• Communication with counterparties to find new solutions for inquiries
• Ensuring the functionality of the website for counterparties
• Review of questionnaires and documentation received from financial institutions
• Updating lists of activities for internal organization
• Support during transfer to backup

• Special tasks:
• Upon request and after training, backup for name screening activities can be provided.

Requirements

• 2-3 years of experience in combating financial crime; longer experience is an advantage
• Fluent English language skills (written and spoken); knowledge of German, French, and/or Italian is an advantage
• CAS in Compliance and/or other specialized certificates are an advantage
• Knowledge of SAS anti-money laundering software is an advantage.
• Solid knowledge of the Swiss anti-money laundering regulatory framework
• Strong analytical and interpersonal skills
• Ability to question with sound judgment and discretion
• Ability to work independently and as part of a team towards common goals
• Flexibility and resources
• Fast learner
• Ability to take action and make decisions

We offer