Monitoring & Sanctions Senior Compliance Officer
Description
Risks and Compliance is an independent division which monitors the Bank's activities to ensure they are fully in compliance with all relevant laws, rules and regulations while always keeping a close eye on client's interests. The division is involved in the management of all the Bank's operations, monitoring its activities to keep them within the defined risk framework, and participates in the approval process for new developments in products and services. It is dedicated to supporting our Bank business lines at the same time as protecting the Bank's interests and reputation.
Mission
To provide support to Group Compliance to protect the Bank and to fulfill its regulatory requirements in relation to Anti-Money Laundering, Sanctions and Embargoes. Responsible for the provision of investigation, screening and advisory to the Front Office
Challenges
Good knowledge of AML;
Capacity to deal with several matters simultaneously;
Capacity to work under pressure;
Team spirit and good communication skills;
Good analytical skills.
Main responsabilities
The position includes diverse range of tasks and we expect the jobholder to perform:
- Second level of control of High-Risk Transactions alerts under AML perspective:
- Evaluating plausibility of information and eventual supportive documentation.
- Eventual clarification procedure according to art 6 Swiss AML Act.
- Second level of control of transactions under national and international sanctions or embargoes.
- Support to Operations in identification of persons or entities under the scope of CH / UFAC / UN and EU sanctions in SWIFT or SIC messages.
- Management of daily operations on blocked accounts.
- Others AML controls and monitoring.
- Support to Group Compliance and PB on AML and sanctions matters.
- Advise Front Office on appropriate measures in connection with sanctions compliance, including foreign entities.
- Ensure that new sanctions and embargo measures are introduced by preparing work instructions, ensuring, and developing suitable tools and processes.
- Establish and/or provide input for the sanctions relevant policies.
- Review adequacy and effectiveness of sanction filtering systems on a regular basis including changes and enhancements to business rules as required.
- Review highly sensitive clients and transactions, prepare committees notes, escalate to internal Compliance committees, and implement corresponding decisions.
- Respond to requests received from correspondent banks.
Experience, Qualifications and Key Competencies
Master's degree in Law, Economics or Business Administration.
Must 5 years of banking experience and at least 3 years of compliance, legal or audit experience is highly desirable.
Thorough knowledge of banking, OFAC, AML and Sanctions processes, service operations, products and systems.
Excellent understanding of risk management and controls.
Strong analytical skills.
Ability to work independently in a deadline driven, regulatory environment.
Fluent in French and English.
Education
Experience
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Years of experience:
3-7 : intermediate
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Experience in private banking:
Mandatory
Language
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French:
Fluent
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English:
Fluent
Personal skills
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Swiss resident:
Mandatory
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