Senior Specialist, Compliance

Overview

**Job Purpose**:
Assist the BNYM SA/NV (the European Bank) Money Laundering Reporting Officer (MLRO) in the fulfillment of:
Regulatory obligations as required under applicable Belgian AML / CFT legislation and regulations
BNYM applicable policy obligations (e.g., Global Anti-Money Laundering/Know Your Customer Policy, Global Economic Sanctions Policy)
Act as back-up of the European Bank MLRO in her absence.

**Responsibilities**:
Provide support to the European Bank Money Laundering Reporting Officer in ensuring that the BNYM SA/NV AML framework is compliant with applicable AML/ CFT obligations in assisting in the following tasks:
**Advisory**:
Provide financial crime advice and guidance to business / operational staff, as required;
Review relevant financial crime related consultation papers and draft legislation / regulations / rules / guidance and co-ordinate a response, gap analysis and work with the business on implementation where appropriate;
Provide input to training and awareness for European Bank staff and assist with the development of financial crime related training programmes as necessary;
Review and approve relevant business procedures / manuals, including business updates following regulatory change;
Assist businesses in ensuring that AML issues are addressed in the event of changes to systems, client take-ons, acquisitions and any other relevant projects;
Review PEP and High Risk BNYM SA/NV relationships;
Assist the business to prepare and review all relevant submissions for EMEA Anti-Money Laundering Oversight Committee (EAMLOC) in advance of monthly meeting;
Prepare the monthly European Bank High Risk Client Advisory Group meeting documentations (agenda, papers);
Provide monthly management information for inclusion in the European Bank Committees (to include Risk Management Committee, BNYM Executive Committee, Risk Committee of the Board and Board);
**Oversight of outsourced activities including**: review and clearance of AML surveillance alerts, sanctions clearance, KYC outsourced to the AML Due Diligence Team and conduct sampling in relation to all outsourced activities;
Coordinate, advise on and review relevant business AML & Sanctions, Anti-tax Evasion and Anti-Bribery and Corruption Risk Assessments;
Keep up-to-date with EMEA-wide financial crime related developments and issues;
Coordinate when relevant with MLROs of the European bank branches.

**Compliance Monitoring**:
Oversight of BNYM SA/NV financial crime compliance monitoring plan;
Tracking and follow-up of action items and recommendations made following AML compliance monitoring reviews;
In coordination with the EMEA financial crime team (EFCT), conduct additional reviews to test the effectiveness of controls as directed.

**Regulatory**:
Maintenance, review and update of the European Bank financial crimes compliance procedures.
Preparation of regulatory reports (e.g. answers to the annual NBB AML questionnaire, annual MLRO report etc) as required
Deal with relevant regulatory correspondence both to and from regulatory authorities, as part of regular reporting requirements, and on issues arising in respect of financial crime.
Ensure internal SARs are reviewed and reported in accordance with policy and local laws and regulations

**Generic Staff Responsibilities**:
Comply with all corporate policies and procedures within the department;
Alert management immediately of any significant changes to business risks and internal controls effectiveness;
Notify management immediately of any regulatory breach;
Comply with health and safety policies and procedures operating within the business.

**Experience and Skills**:
**Core Competencies**:
Adaptability;
Communication;
Customer Orientation;
Interpersonal Skills;
Judgment;
Managing Risk.

**Job -specific Competencies**:
**Investigative and questioning nature**:
Excellent inter-personal skills;
Excellent organisational skills;
Ability to manage and prioritise workload;
Ability to communicate orally and in writing with various levels of management.

**Technical Skills/Knowledge**:
Strong prior experience in the field of financial crimes compliance,
Strong analytical skills, problem-solving ability and attention to detail;
Thorough knowledge of Financial Services rules and regulations.
Strong problem solving, analytical ability oral and written communication skills.
The ability to handle stressful situations with internal clients and regulators, while maintaining a professional approach to problem solving.
Ability to effectively deal with senior management as well as, Regulators as required.

**Academic/Professional Qualifications**:
Academic degree
Relevant experience in Financial Crime.

**Languages**: English as well as French and /or Dutch required

**Employer Description**: