AML Transaction Monitoring Specialist (100%)

About the role

Julius Baer is looking for a Subject Matter Expert for Anti-Money Laundering (AML) standards and the assessment of unusual activities, based in Madrid. The role covers transaction monitoring, private banking compliance and employee coverage, and involves reviewing client relationships, performing investigations and supporting compliance processes.

Key responsibilities

• Review and document all aspects of the client relationship and take compliance actions, risk mitigation and remediation measures
• Perform ad-hoc investigations and enhanced due diligence on defined risk categories and complex cases, and employee-related investigations proposing mitigating measures and sanctions with HR and the business
• Carry out comprehensive background checks and critically assess and document sources of information
• Escalate issues and monitor mitigation measures to reduce the bank's risk exposure
• Collaborate with partners across the three lines of defence (front, compliance, internal audit) and other functions
• Provide training and training materials on compliance topics
• Recommend, develop and implement solutions for continuous improvement of processes, procedures and services
• Own fraud prevention and detection and the internal and external Fraud Risk Type Framework (employee coverage)
• Independently review unusual transactions flagged by the IT-based AML monitoring system, check them against the client's KYC profile and carry out additional checks such as adverse information searches and corroboration document reviews
• Support Relationship Managers and leadership on compliance, including client onboarding reviews (KYC, client storyline, flow of funds, CDB), follow-up on outstanding issues and investigation of serious non-compliance cases

Required profile

• Several years of expert experience in Legal and Compliance or Audit at a globally operating bank
• University degree (Law or Business Administration) or equivalent
• Working knowledge of global AML and CFT regulations and current money laundering schemes
• Strong analytical skills, problem-solving and decision-making abilities, and good judgment and discretion

Required skills

• Good knowledge of MS Office
• IT flair