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

Job description

Tasks

• Serve as a subject matter expert for the enforcement of anti-money laundering (AML) standards and the assessment of unusual activities.

Main tasks

• Conduct employee-related investigations and reviews in order to propose mitigating measures and sanctions in close collaboration with HR and the business (Employee Coverage)
• Perform comprehensive background checks, critically assess and document the sources of information
• Escalate issues identified during the review process, while initiating and monitoring mitigation measures to reduce the bank's risk exposure.
• Collaborate with partners across all three Lines of Defense (Front, Compliance, and Internal Audit), as well as other functions (Relationship Managers, Front Risk Management, etc.) and domestic and foreign group affiliates.
• Provide training and training materials related to compliance topics
• Recommend, develop, and implement solutions to support continuous improvement of our processes, procedures, and services
• Responsible for fraud prevention and detection activities and ownership for the internal and external Fraud Risk Type Framework (Employee Coverage specific only)

Transaction monitoring (role-specific)

• Independently review unusual transactions detected by the IT-based AML monitoring system, analyze their economic background, and assess whether the transaction is in line with the client's KYC (Know Your Customer) profile.
• Undertake additional clarifications if deemed necessary (e.g., investigate with the front units, run adverse information checks on the ordering party and/or beneficiary of the transaction, request and review corroborating documents, etc.).
• Review corroborating documents and assess negative news (including assessment of the reliability of the source)

Private Banking Compliance (role-specific)

• Support relationship managers and leadership in the implementation and supervision of compliance issues
• Perform client onboarding reviews including assessment of KYC, client storyline, flow of funds, CDD (Agreement on the Swiss banks' code of conduct with regard to the exercise of due diligence), as well as event-triggered KYC reviews.
• Follow up on outstanding onboarding issues and escalations
• Identify and investigate serious cases of non-compliance
• Provide training and training materials related to compliance topics

Requirements

• Good computer skills. Required knowledge of due diligence search tools: Name Check, Lexis-Nexis, Sion, Spark, SkyMindler, Credits, Wealth-X
• Good knowledge of MS Office and IT-Helix
• Hedge of global AML and CFT (Combating the Financing of Terrorism) regulations and standards, current money laundering schemes to effectively identify and mitigate risks
• Ability to define problems, collect data, establish facts, and draw valid conclusions; ability to interpret a wide variety of data and deal with complex situations
• Ability to communicate complex opinions/decisions and to remain firm under pressure
• Proven track record of solving highly complex problems, decision-making and prioritization abilities
• Solution-oriented and very strong analytical skills
• Exhibit sound judgment and discretion

We offer