AML Transaction Monitoring - 100% (f/m/d)

Tasks

• Serve as a subject matter expert on the enforcement of AML standards and procedures.
• Review customer onboarding documents and transaction reports for AML risk assessment.
• Work with Compliance and HR to monitor compliance with AML policies.
• Provide training and guidance on AML procedures for new team members.
• Conduct periodic reviews of AML processes to ensure their effectiveness.
• Implement a technology-enabled framework for the prevention of money laundering and terrorist financing by enhancing real-time AML monitoring capabilities and developing automated alerts triggered by anomalous activity patterns, thereby facilitating the proactive identification and mitigation of financial risks.
• Support the implementation of an enhanced due diligence framework for high-risk investments while maintaining regulatory compliance.
• Develop and implement a comprehensive AML framework that encompasses the assessment of products, processes, organizational structure, and service delivery in line with the latest regulatory developments in international finance, sanctions, and anti-money laundering practices, with the goal of defining standards for evaluating product and service offerings and designing and implementing risk-based internal policies and procedures.
• Develop and maintain compliance tracking tools to monitor and analyze transactions across all business units, ensuring real-time visibility into potential AML risks and promoting consistent response protocols.
• Establish a collaborative framework among Compliance, Front Office, Middle Office, and IT for AML-related customer reviews to proactively identify the need for enhanced due diligence for complex and diverse asset profiles.
• Work on improving the transaction monitoring system to automate the identification and flagging of suspicious activities, including patterns that indicate money laundering, terrorist financing, or other financial crimes.
• Support the development of future policies and procedures for the AML control function that reflect our role as external business partners in ensuring regulatory compliance and risk mitigation.
• Conduct due diligence for new and existing customers, including background checks and verification of beneficial owners.
• Review and update AML policies and procedures in accordance with regulatory changes.
• Conduct training sessions for employees on AML compliance and best practices.
• Conduct ad hoc investigations and expanded due diligence for defined risk categories and complex cases.
• Conduct employee-related investigations and reviews to propose mitigation measures in close collaboration with HR and the business unit (Employee Coverage).
• Conduct comprehensive background checks and critically evaluate and document sources of income.
• During the review process, escalate any identified issues while simultaneously initiating and monitoring mitigation measures to reduce the bank's risk.
• Collaborate with partners across all three lines of defense (Front, Compliance, and Intermediary Business, as well as other functions such as Relationship Managers, Front Risk Management, etc.) and with domestic and foreign group companies.
• Provide training and training materials related to compliance issues.
• Recommend, develop, and implement solutions to support the continuous improvement of our processes, procedures, and services.
• Be responsible for fraud prevention and detection and oversee the internal AML and fraud risk framework (specifically for employee coverage only).
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