AML Transaction Monitoring

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Serve as a Subject Matter Expert for the enforcement of Anti-Money Laundering (AML) standards and the assessment of unusual activities.

• Review and document all aspects of the client relationship and take appropriate compliance actions and adequate risk mitigating and remediation measures
• Interact with senior stakeholders within Compliance and other parts of the organisation as well as with the group's international locations
• Perform ad-hoc investigations and enhanced due diligence on defined risk categories and on complex cases
• Perform 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, assess and document the sources of information critically
• Escalate issues identified along the review process, while initiating and monitoring mitigation measures to reduce the bank's risk exposure
• Collaborate with partners across all three Lines of Defence (Front, Compliance and Internal Audit), as well as other functions (Relationship Managers, Front Risk Management, etc.) and domestic and foreign group affiliate
• Provide training and training materials in connection with 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)
• • Independently review unusual transactions detected by the IT-based AML monitoring system, analyse their economic background and assess if the transaction is in line with the client's KYC (Know Your Customer) profile
  • Undertake additional clarifications if deemed required (e.g. investigate with the front units, run adverse information checks of the ordering party and/or beneficiary of the transaction, request and review corroboration documents etc.)
  • Review corroboration documents and assess negative news (including assessment of reliability of the source)
• • 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, CDB (Agreement on the Swiss banks' code of conduct with regard to the exercise of due diligence), as well event triggered KYC reviews
  • Follow up on outstanding onboarding issues and escalations
  • Identify and investigate serious cases of non-compliance

Transaction Monitoring (role specific)

Private Banking Compliance (role specific)

• Ability to effectively apply working knowledge 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 an extensive variety of data and deal with complex situations
• Ability to communicate unpopular opinions/decisions and to stay firm under pressure
• Proven track record of solving highly complex problems, decision-making and prioritizations abilities
• Solution-oriented and very strong analytical skills
• Exhibit sound judgment and discretion
• Good knowledge of MS Office and IT-flair
• Several years of expert experience in Legal and Compliance or Audit at a globally operating Bank
• University degree (Law or Business Administration) or equivalent

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