Compliance Officer - Client Onboarding (f/m/d)

Tasks

• Act as a subject matter expert for the enforcement of anti-money laundering (AML) standards and the assessment of unusual activities
• Conduct employee-related investigations and reviews to propose mitigating measures and sanctions in close cooperation with HR and the business
• Conduct comprehensive background checks, critically evaluate and document sources of income
• Escalate issues identified during the review process and initiate and monitor mitigating measures to reduce the bank's risk exposure.
• Collaborate with partners from all three lines of defense (front, compliance, and internal audit, as well as other functions) and domestic and foreign group members.
• Provide training and training materials related to compliance issues
• Recommend, develop, and implement solutions for the continuous improvement of our processes, procedures, and services
• Responsible for fraud prevention and detection and ownership of the internal and external fraud risk model (for employee coverage only)

Transaction monitoring (role-specific)

• Independently review unusual transactions detected by the IT-based AML monitoring system, analyze the economic background, and assess whether the transaction is consistent with the customer's KYC (Know Your Customer) profile.
• Perform additional clarifications if necessary (e.g., investigate with front-office units, perform adverse information checks on the client and/or beneficiary of the transaction, request and review supporting documentation, etc.).
• Review supporting documents and evaluate negative information (including assessing the reliability of the source)

Private banking compliance (role-specific)

• Support relationship managers and executives in implementing and monitoring compliance matters
• Perform customer onboarding checks, including assessment of KYC, customer storyline, cash flow, CBI well event triggered KTC checks
• Draw attention to unresolved onboarding issues and escalations
• Identify and investigate serious cases of non-compliance
• Provide training and training materials related to compliance issues

Requirements

• Good computer skills, required knowledge of due diligence search tools: Name Check, Lexis-Nexis, Brinks, Spaml, Skyratings, Credits, Wealthair
• Good knowledge of the MLRO office and IT (IT skills not essential)
• Ability to effectively apply global AML and CFT regulations and standards, as well as current money laundering schemes, to identify and mitigate risks
• Ability to define problems, collect data, establish facts, and draw valid conclusions; ability to interpret a variety of data and handle complex situations
• Ability to make unpopular