AML Transaction Monitoring - 100% (f/m/d)

Julius-Baer; Madrid; On-site; EUR 90,000 - 140,000; Full time

Job summary

Bank Julius Baer & Co. Ltd. is seeking an experienced AML Compliance Specialist in Madrid to enforce AML standards and assess unusual activities. You will review client relationships, perform enhanced due diligence, and collaborate with Compliance, HR, and Front Office across locations.

You will lead investigations, document findings, and implement remediation while training colleagues on Compliance topics and fraud prevention. This is a high-responsibility role in private banking compliance.

Qualifications

• University degree (Law or Business Administration) or equivalent.
• Several years of expert experience in Legal and Compliance or Audit at a globally operating Bank.
• Strong knowledge of AML/CFT regulations and risk assessment.
• Excellent communication and decision-making under pressure.
• Proven track record in complex investigations and onboarding reviews.

Responsibilities

• Review and document client relationships and take compliant actions.
• Interact with senior Compliance stakeholders and global locations.
• Perform enhanced due diligence on defined risk categories and complex cases.
• Conduct employee-related investigations and propose mitigating measures.
• Escalate issues and monitor remediation to reduce risk exposure.
• Provide training on Compliance topics and fraud prevention measures.

Skills

AML compliance

KYC review

Investigation skills

Stakeholder management

Data analysis

Education

University degree in Law or Business Administration

Tools

MS Office

AML monitoring system

Job description

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.Serve as a Subject Matter Expert for the enforcement of Anti-Money Laundering (AML) standards and the assessment of unusual activities.YOUR CHALLENGEReview and document all aspects of the client relationship and take appropriate compliance actions and adequate risk mitigating and remediation measuresInteract with senior stakeholders within Compliance and other parts of the organisation as well as with the group’s international locationsPerform ad-hoc investigations and enhanced due diligence on defined risk categories and on complex casesPerform 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 criticallyEscalate issues identified along the review process, while initiating and monitoring mitigation measures to reduce the bank’s risk exposureCollaborate 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 affiliateProvide training and training materials in connection with Compliance topicsRecommend, develop, and implement solutions to support continuous improvement of our processes, procedures, and servicesResponsible 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, analyse their economic background and assess if the transaction is in line with the client’s KYC (Know Your Customer) profileUndertake 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)Private Banking Compliance (role specific)Support Relationship Managers and Leadership in the implementation and supervision of Compliance issuesPerform 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 reviewsFollow up on outstanding onboarding issues and escalationsIdentify and investigate serious cases of non-complianceProvide training and training materials in connection with compliance topicsYOUR PROFILEAbility 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 risksAbility to define problems, collect data, establish facts and draw valid conclusions: ability to interpret an extensive variety of data and deal with complex situationsAbility to communicate unpopular opinions/decisions and to stay firm under pressureProven track record of solving highly complex problems, decision-making and prioritizations abilitiesSolution-oriented and very strong analytical skillsExhibit sound judgment and discretionGood knowledge of MS Office and IT-flairSeveral years of expert experience in Legal and Compliance or Audit at a globally operating BankUniversity degree (Law or Business Administration) or equivalentWe are looking forward to receiving your full job application through our online application tool.