AML Transaction Monitoring Specialist (100%)

About the role

Julius Baer is looking for a Subject Matter Expert for its AML (Anti-Money Laundering) function in Madrid. The role covers reviewing and documenting client relationships, assessing unusual activities and taking compliance actions, risk mitigation and remediation measures. It is a 100% position.

Key responsibilities

• Review and document all aspects of the client relationship and take appropriate compliance actions, risk mitigating 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 in collaboration with HR and the business.
• Carry out comprehensive background checks, critically assess and document sources of information, and escalate issues while monitoring mitigation measures.
• Collaborate with partners across the three lines of defence (front, compliance, internal audit) and with domestic and foreign group affiliates.
• Provide training and training materials on compliance topics.
• Develop and implement solutions supporting continuous improvement of processes, procedures and services.
• Own fraud prevention and detection activities and the internal and external Fraud Risk Type Framework (employee coverage).
• Independently review unusual transactions flagged by the IT-based AML monitoring system, analyse their economic background and check them against the client's KYC profile, including adverse information checks and corroboration documents.
• Review client onboarding reviews (KYC, client storyline, flow of funds, CDB) and event-triggered KYC reviews, follow up on outstanding issues and investigate serious cases of non-compliance.

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 standards, and of current money laundering schemes.
• Strong analytical skills, good judgment and discretion, and the ability to solve complex problems under pressure.

Required skills

• Good knowledge of MS Office.
• IT flair.