Description
Background: My client is a Brussels based international bank which has a team responsible for managing financial crime (AML, sanctions, KYC, etc) issues. Compliance serves an integral part of the Three Lines of Defence', helping to protect the integrity and enhance the reputation of the bank's good name in the market.
They now wish to increase the level of their AML/KYC service provision.
Tasks:
Help the Anti-Money Laundering (AML) efforts for the Bank, including analysing suspicious transactions.
This includes:
- For activity linked to blacklisted names: investigation of alerts generated by the tool where there is a risk that a blacklisted name is involved. This investigation includes investigating clients' transactions as well as reference data such as that contained in the participant database, sponsorship database etc. It may also include discussions with other divisions such as Operations, Commercial, Legal, Credit, etc
- For activity linked to suspicious activity: investigation as to whether an alert generated by the tool is related to money laundering and terrorist financing activities or not. Detection scenarios are put in place to alert unusual or suspicious behaviour automatically. The investigation includes analysis of past and recent Participant/Account behaviour. Such an investigation is likely to involve the bank's senior management, as well as other divisions as well.
Ensure embargo decisions taken by international (UN, EU, etc) and domestic authorities are respected by the bank;
Perform due diligence for the admission of new participants.
You will build business and market knowledge for clearing/settlement, including on the bank's main products and services;
Be part of a dynamic international team, with colleagues in every entity of the bank's group (across several countries).
Essential Skills/Experience
Extensive AML/KYC experience, including enhanced due diligence Language: English