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

Julius Baer; Madrid; Sur place; EUR 90 000 - 120 000; Plein temps

Résumé du poste

Julius Baer in Madrid seeks a Subject Matter Expert for enforcing AML standards and assessing unusual activities. You will review client relationships, perform enhanced due diligence, and coordinate with Compliance, HR, and other functions across international locations.

The role focuses on robust fraud prevention and risk mitigation within Employee Coverage. Ideal candidates have extensive AML/CFT expertise, analytical acumen, and the ability to communicate prudently under pressure.

Qualifications

• Working knowledge of global AML and CFT regulations and standards
• Ability to interpret large data sets and complex scenarios
• Ability to communicate difficult opinions under pressure
• Proven track record solving highly complex problems
• Strong analytical skills and sound judgment
• Experience in Legal and Compliance or Audit at a globally operating bank
• University degree in Law or Business Administration or equivalent

Responsabilités

• Review client relationships and document AML-related actions and risk mitigations
• Interact with senior Compliance stakeholders and international offices
• Conduct ad-hoc investigations and enhanced due diligence on defined risk areas
• Perform employee-related investigations collaborating with HR and business
• Carry out background checks and assess information sources
• Escalate issues and implement mitigation measures to reduce risk
• Collaborate with Front, Compliance and Internal Audit and other functions
• Provide Compliance training and training materials
• Develop and implement process improvements in Compliance
• Fraud prevention and detection responsibilities within Employee Coverage scope

Connaissances

AML regulations knowledge

Analytical skills

Communication under pressure

Problem solving

Judgment and discretion

MS Office

IT flair

Legal & Compliance experience in bank

University degree (Law or BA)

Formation

University degree (Law or Business Administration)

Outils

MS Office

Description du poste

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 CHALLENGE

• 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)

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) 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)

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, 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
  • Provide training and training materials in connection with compliance topics

YOUR PROFILE

• 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