AFC Senior Associate - SAR Delegate

EngineersOfAI; Berlin; On-site; EUR 60,000 - 80,000; Full time

Job summary

EngineersOfAI in Berlin is seeking an AFC Senior Associate - SAR Delegate to join the Anti-Financial Crime team. In this role, you will oversee investigations, ensure compliance with AML regulations, and drive improvements across processes.

The ideal candidate will have a degree in Law or Business Administration, fluency in English and German, and at least 5 years of experience in AML/CTF regulations. Join us to make a significant impact in the financial crime prevention landscape.

Qualifications

• 5 years of experience in AML/CTF regulations in the European and German market.
• In-depth understanding of German AML/CTF regulations and BaFin circulars.
• Knowledge of risk scoring models and due diligence requirements for PEPs.

Responsibilities

• Review and approve SARs ensuring compliance with regulations.
• Drive process improvements within AFCO and KYCO workflows.
• Coordinate cross-functional task forces for AFC projects.

Skills

Fluency in English and German

Attention to detail

Risk and compliance knowledge

Project management

Adaptability

Education

University degree in Law or Business Administration

Job description

About the opportunity

At N26, we're redefining banking for the digital age. By combining technology, design, and innovation, we're building a banking experience that's simple, transparent, and loved by millions. We've replaced physical branches, paperwork, and hidden fees with a seamless digital platform that empowers people to bank on their own terms.

We're looking for an AFC Senior Associate - SAR Delegate to join our Anti-Financial Crime team, supporting the German market. In this role, you'll oversee complex financial crime investigations and high-risk approvals, drive strategic process improvements and cross-functional initiatives, and act as a key partner to the MLRO in maintaining a robust and effective Anti-Financial Crime framework. Your work will play a critical role in ensuring regulatory compliance while strengthening N26's financial crime prevention capabilities.

In this role, you will:

• Review and approve SARs drafted by AFCO, ensuring all filings meet strict regulatory standards for correctness, completeness, and evidential documentation prior to submission
• Review and submit authority requests received from local and other authorities
• Act as the primary escalation point for AFCO, providing guidance on complex fincrime investigations
• Assist on how to address the RFIs and to interpret legal/tax documentation received from customers
• Review and approve high-risk cases escalated by KYCO, focusing on PEPs and EDD
• Handle and execute confidential, sensitive, or complex investigations that exceed the scope or capability of standard operational teams
• Identify gaps and drive process improvements to enhance efficiency and control effectiveness within AFCO and KYCO workflows
• Drive operational excellence for the local market by working cross-functional projects, implementing and improving local procedures, harmonizing local procedures with group standards
• Collaborate with AFC stakeholders to build a scalable, efficient platform through proactive meeting cadences and continuous process improvement
• Handle the end-to-end execution of internal and external AFC projects, from initial to final implementation, ensuring all milestones are met within defined timelines
• Actively drive project workstreams by coordinating cross-functional task forces, tracking progress through dedicated KPIs, and implementing corrective actions to mitigate delays or risks.
• Support the MLRO, including but not limited to communications with regulatory authorities and FIU
• Support the coordination between the branch's MLRO function and the AML/CTF Technical Unit
• Attend regular meetings to follow up on planned actions and workload prioritization to ensure team targets are met

What you need to be successful:

Background:

• A completed university degree in Law (Rechtswissenschaften) or Business Administration (Betriebswirtschaftslehre)
• In-depth mastery of German AML/CTF regulations (GwG), BaFin circulars, and the specific reporting requirements of the FIU.
• Advanced understanding of typology codes knowing which code tiggers certain actions whilst managing 3-Day Rule transactions
• Demonstrate comprehensive minimum 5 years of expertise in European and German market AML/CTF regulations, underpinned by an in-depth understanding of the local market regulatory landscape across KYC, risk assessment, transaction monitoring, and the prevention of fraud, tax evasion, and sanctions violations
• Advanced understanding of current ML schemes, TF typologies, and emerging financial crime trends
• Knowledge of risk scoring models, High-Risk Country policies, and the specific due diligence requirements for PEPs and EDD
• Good understanding of full lifecycle of KYC and AML cases (onboarding, TM, SAR filing and offboarding)

Skills:

• Fluency in English and German is required (spoken and written)
• Detailed oriented mindset with a strong focus on risk and compliance procedures
• Able to balance risk awareness with commercial considerations
• Proactive, solutions driven whilst being adaptable and resilient in a fast-paced, evolving digital banking environment
• Committed to profess