The Compliance Specialist is responsible for ensuring adherence to Swiss laws and ING Group policies, focusing on AML compliance. Key tasks include investigating compliance risks, handling money laundering cases, conducting customer database scans, training staff on compliance matters, and assisting in internal and external audits. The role also involves liaising with stakeholders and supporting the implementation of compliance policies.
Mission
Ensure compliance with Swiss laws and regulations as well as with ING Group policies regarding Compliance.
Identifies, assesses, advises on, monitors and reports on the ING’s compliance risk, with a focus on AML matters, to help the organization avoid failure (or perceived failure) to comply with applicable laws, regulations and ethical/reputational standards. Develops and/or implements and/or applies relevant rules and controls to ensure compliance with all relevant legislation, regulation and standards.
Main tasks and responsibilities
AML tasks
- Conduct investigation of compliance risk events such as adverse news, suspicious transactional activity, group-wide investigations etc…,
- Handling of complex money laundering cases and assuring internal and external (such as MROS, Group Compliance, Audit, Correspondent banks) follow-ups,
- Preparation, presentation of AML/ABC related cases to participation to and minuting of Geneva Client Integrity Risk Committee and minutes,
- Periodic scan and analysis of customer database (name screening),
- Assure post-transaction monitoring and follow-up for alerts escalated to the 2nd Line of Defense,
- Annual review of Increased Risk customers (incl. PEP), on ad-hoc basis,
- Liaise and establish a network with relevant internal stakeholders, such as Audit, Compliance Group, IT, QA, etc whenever necessary,
- Quarterly reviews of Client under Compliance Watchlist and presentation to ad-hoc committee + minutes.
Compliance training and advisory activities
- Help cement a risk aware compliance culture in the bank and to adjust to an evolving risk appetite,
- Support and advise staff on compliance matters in the daily business in the fields of AML, ABC, Financial crime,
- Give training to Senior Management and to staff on compliance related matters,
- ABC analysis and advice on G&E, sponsorship, charitable donations.
Audit and reporting
- Assist the MLRO of the Branch in in the money laundering reporting to authorities (MROS),
- Assist the Head of Compliance in the different internal Compliance reporting to local management and to the group functional line,
- Assist internal and external auditors,
- Prepare bi-annually and report Dormant account status,
- PEP and Name Screening control and reporting.
Policies, procedures and projects
- Support implementation of group compliance policies at local level,
- Assist if needed in review of Compliance related policies and procedures,
- Assist the Head of Compliance in trans-departmental projects and implementation of the bank’s project methodology, and take ownership whenever requested.
Internal and external communication lines
Internal
- Reports hierarchically to the Head of Compliance, and operationally to the MLRO,
- Has contact with all departments of the Branch on Compliance matters,
- Functional line collaboration and reporting to the Group functional line.
External
- With official bodies in matters related to Money Laundering.
Skills required
Personal competencies
- Structured and organized
- Pragmatic and solution oriented
- Taking Initiatives and be creative
- Autonomy
- Compliance and integrity
- Analytical skills and global approach
- Communication skills (oral and written)
- Team spirit
- Capacity to work in a matrix organizational model, on an ad-hoc basis under pressure
Specific knowledge:
- Banking law and regulations: In-depth knowledge of local and international KYC/KYT, anti-money laundering, anti-corruption, prevention of the financing of terrorism and sanctions regulations,
- Basic understanding of local and international tax matters.
Languages
- English: fluent
- French: will be an advantage
- Any other language – will be an advantage
Professional experience and academic background
- At least 3 years of experience in Compliance,
- University degree in business or law, ideally complemented with a CAS or specific Compliance training/education (ACAMS, etc),
- Knowledge of lending activities and more specifically trade and commodity finance, a plus.
We will only consider applicants with a valid work permit for Switzerland or eligible to work in Switzerland.
Top Skills
Not Applicable
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