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

Julius Baer; Madrid; On-site; EUR 90,000 - 120,000; Full time

Job summary

Julius Baer is seeking a Senior AML Compliance Expert to lead the enforcement of AML standards within Private Banking. You will review client relationships, perform enhanced due diligence, and collaborate with Compliance, HR, and front offices across borders.

In this role you will design risk mitigations, deliver training, and support onboarding, KYC, and transaction monitoring processes to protect the bank from financial crime. Proven experience in global AML programs is essential.

Qualifications

• Expert experience in Legal and Compliance or Audit at a globally operating bank.
• Knowledge of AML/CFT regulations and money-laundering schemes.
• Ability to define problems, collect data, and draw valid conclusions.

Responsibilities

• Review client relationships and document actions, mitigations.
• Engage with Compliance and global stakeholders across the organization.
• Conduct ad-hoc investigations and enhanced due diligence.
• Lead onboarding reviews and KYC assessments in onboarding.
• Follow up on onboarding issues and escalations.
• Identify and investigate serious cases of non-compliance.
• Provide training materials on compliance topics.

Skills

AML knowledge

Analytical skills

Problem solving

Decision making

Communication skills

Discretion

MS Office

IT flair

Cross-functional collaboration

Education

University degree in Law or Business Administration

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 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