As a (Senior) Operational Compliance Officer, you will act as 1st Line of defence, identifying, assessing and following-up on Compliance risk relating to the Bank’s new and existing counterparties in line with EIB’s policies and procedures. You will contribute to the implementation of the KYC process and AML-CFT Due diligence, organise and establish work procedures to take over new compliance responsibilities, contribute to the specific improvement projects or initiatives (new Client life cycle Management System).
Specific Post Environment
The JMO/KYC Division is key in the successful implementation of the bank’s AML-CFT policies in the 1st line of defence and centralizes the Compliance 1LoD tasks to acquire and maintain a good knowledge of the EIB counterparties, by identifying and verifying the identity of EIB counterparties, identifying and assessing the ML-FT risk factors linked to Sanctions, Adverse Media and presence of PEP.
Operating Network
You will be part of a team of 15 staff members and will report to the Head of Unit. You will work in cooperation with other Bank’s services and with the European Investment Fund as well as with EIB counterparties.
Accountabilities
Provide strategic input for defining and implementing the policy development process for KYC/AML Due Diligence and compliance risk rating at EIB in the specific area of Counterparties.
End to end responsibility for completion, verification of the identity of the EIB counterparty and analysis of its corporate structure, with regards to its shareholding, its management and its controlling entity/beneficial ownership, on the basis of specialist corporate data providers (automated to the extent possible), publicly available sources and, if required, additional information provided by the services, with advisory support from 2nd Line of Défense when required.
Perform AML Due diligence on new and existing counterparties, i.e. Adverse Media, PEP and Sanctions screening, PEP register and PEP assessment, including counterparty risk assessment.
Ensure the monitoring of accurate and complete KYC/AML-CFT due diligence records on new and existing counterparties and ensure that Client lifecycle Management System is updated to reflect completion of review and relevant details; Identify issues with potential impact on AML-CFT Risk through batch screening Process (Sanctions, PEPs, Adverse Media).
Propose improvements and implement the necessary processes, procedures, IT systems, methodologies and working tools to conduct KYC/AML-CFT due diligence.
Execute the KYC/AML on-going monitoring and periodical risk-based review of the active Relevant Counterparties.
Provide advice and recommendation on legal, corporate and compliance issue posed by the EIB counterparties.
Support the development and implementation of the procedures for creating and managing the standing data of all the EIB counterparts in loans, borrowing and treasury operations.
Liaise with staff in other services at the Bank and with the Relevant Counterparties for the collection, completion and of validation of KYC/AML Due Diligence when applicable.
Represent, directly or in collaboration with the Head of Unit, the Unit in specific projects, initiatives, working groups by planning, driving, or contributing to meetings, summarising and writing meeting minutes and following up on the outcomes.
Analyse and write comprehensive notes and reports to management and/or other directorates.
Produce and perform trainings and presentations to broad and diverse audience in the areas of competencies of the Unit.
Assist the Head of Unit in the Supervision, coordination, and training of colleagues in the unit.
Qualifications
University degree, preferably in Finance, Law, Business Administration, or other relevant fields.
Minimum 5 years of relevant professional experience in areas related to KYC/ AML-CFT regulatory environment or other related compliance areas, preferably gained within the EU financial sector and/or in MDBs.
Knowledge of relevant KYC/AML-CFT regulations and best practices.
Previous experience in managing organization-wide processes involving structured procedures and heavy data implications would be an advantage.
Good communication and writing skills. Experience in writing comprehensive reports and producing and delivering presentations and trainings would be considered as an asset.
Knowledge of standard computer tools (advanced Excel and Power Point in particular); and full proficiency in internet searches; Knowledge of Compliance related data bases and IT tools.
Excellent knowledge of English and/or French (*), with a good command of the other. Due to the wide geographic spread of EIB's counterparts in Europe (and outside), good command of additional European languages would be an advantage.
