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 sources of information, and document findings.
• 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 office, compliance, and internal audit) as well as other functions (relationship managers, front office risk management, etc.) 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 internal and external fraud risk type (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 confirmation documents and evaluate negative news (including assessment of 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 story, money flow, CBI, expert-triggered KTC checks
• Track outstanding 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, Stork, Spark, Skyrmail, Credits, Wealthair
• Good knowledge of the MLRO office and IT tools
• 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 in order to interpret a variety of data and master complex situations
• Ability to express unpopular opinions