ICM/TFFI Center of Excellence - Account Activity Review, Associate

The ICM/TFFI Account Activity Review Center of Excellence (AAR CoE) team acts as a central function within Institutional Cash Management (ICM) & Trade Finance Financial Institutions (TFFI) for our Correspondent Banking clients. The team (located in Berlin and Mumbai) is tasked with providing vital levels of KYC due diligence and Non-Financial Crime Risk review and support within the overall Client Lifecycle. As its primary mandate, AAR CoE performs Account Activity Review & Analysis. This ensures timely identification and escalation of potential Sanctions & Embargos and Financial Crime & Money Laundering related risks.

Todays regulatory and compliance environment requires a robust and efficient KYC process and strong non-financial risk management, making the role an important part of the first line of defense within the business.

Your key responsibilities

• Investigates Correspondent Banking client transactional behavior (Account Activity Reviews) in order to identify and document transactional outliers against expected client transactional activity behavior, in line with Risk Appetite Statement and relevant KODs/KOPs
• Investigates and analyses alerts output, generated by the firms strategic tools, to identify matches that require escalation to the line of Business (Accountable Client Owners (ACOs) KYC Operations as well as Anti Financial Crime (AFC)/Business Line Compliance and takes part in in-depth discussions as required
• Documents accurately alert dispositions for all hits and prepares summaries of relevant findings and communicates these to KYC Officers and ACOs
• Performs 4-Eyes Reviews of team output Ensures correct, clear and structured analysis and documentation of team deliverables for management, internal & external stakeholders and audit
• Identifies and implements process improvements and documentation.
• Supports/leads local or global initiatives or projects in close collaboration with Team Leads and other stakeholders (Business, Senior Management and Audit)
• Interprets latest Key Operating Procedures/Documents and KYC Guidelines and provides guidance to the team and function, if required, in liaison and agreement with KOP/KOD Owner
• Participates in/leads the ongoing training of team members.
• Close collaboration with KYC Officers and ACOs to gain specific market and client knowledge to support the decision-making process around relevance of alerts

Your skills and experience

• Relevant university degree and/or equivalent professional experience
• Prior knowledge/experience with regulatory and/or KYC related topics
• Prior experience in Compliance, Anti Money Laundering, Transaction Monitoring, Know Your Client, Audit, Risk or other related roles required, ideally within large international Financial Institutions, with a focus on Correspondent Banking
• Very Good knowledge and awareness of Risks associated with Correspondent Banking
• First demonstrable project management experience preferred.
• Trade Finance (TF)/Trade Finance for Financial Institutions (TFFI) experience and expertise beneficial
• Excellent ability to filter large volume of data & information for relevance against established criteria.
• Very good research and analytical skills, combined with a good sense of risk awareness.
• Attention to detail, accuracy, diligence and the ability to deliver high quality results within tight deadlines.
• Strong communication, presentation and training skills, with the ability to convey the required messages across all stakeholder levels.
• Team player with strong work ethics, able to motivate others and able to work independently.
• Capable to work and collaborate within a multicultural and diverse environment.
• Fluent communication skills in written and spoken English required.
• Profound command of MS Office applications (Excel, Word, PowerPoint, Outlook) and general computer proficiency