Principal, Compliance & Control - AML Officer Principal, Compliance & Control - AML Officer …

BNY Mellon
in Brussels, Bruxelles-Capitale, Belgium
Permanent, Full time
Last application, 19 Jun 19
Competitive
BNY Mellon
in Brussels, Bruxelles-Capitale, Belgium
Permanent, Full time
Last application, 19 Jun 19
Competitive
Principal, Compliance & Control - AML Officer
Job Purpose :

  • Assist the BNYM SA/NV Money Laundering Reporting Officer (MLRO) in:
    • fulfilment of regulatory obligations as required under applicable Belgian AML / CFT legislation and regulations and
    • in fulfilment of BNYM applicable policy obligations, notably the Global Economic Sanctions Policy (I.A.150) and Global Anti-Money Laundering/Know Your Customer Policy (I.A.250);
  • Act as back-up of the BNYM SA/NV MLRO in her absence.

Responsibilities :

Provide support to the BNYM SA/NV 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 BNYM SA/NV 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 BNYM SA/NV High Risk Client Advisory Group meeting documentations (agenda, papers);
  • Provide monthly management information for inclusion in SA/NV Committees (to include BNY SA/NV Risk Management Committee, BNYM SA/NV Executive Committee, BNYM SA/NV Risk Committee of the Board and the BNYM SA/NV 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 and ABC Risk Assessments;
  • Keep up-to-date with EMEA-wide financial crime related developments and issues;


Compliance monitoring:

  • Conduct BNYM SA/NV financial crime compliance monitoring plan;
  • Ensure that monitoring is recorded via the global compliance Monitoring System, with appropriate reporting and follow up of action items raised;
  • 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 BNYM SA/NV AML policy and procedures.
  • Preparation of regulatory reports (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.


Qualifications

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, Systems Knowledge(and associated skill level):

  • Strong prior experience in the field of AML;
  • Strong analytical skills, problem-solving ability and attention to detail;
  • Demonstrable knowledge of current relevant Financial Crime deterrents and initiatives;
  • Knowledge of the Belgium and European Financial Crime regulatory environment;
  • Fluent in English and French/Dutch.

Core Competencies:


  • Adaptability;
  • Communication;
  • Customer Orientation;
  • Interpersonal Skills;
  • Judgment;
  • Managing Risk
Academic/ProfessionalQualifications:

  • Academic degree;
  • Relevant experience in Financial Crime.


BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Belgium-Brussels-Capital Region-Brussels
Job: Compliance
Internal Jobcode: 85162
Organization: Compliance & Ethics-HR06015
Requisition Number: 1906892
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