LBBW

Compliance Officer – Control Activities

LBBW

full-time

Posted on:

Location Type: Office

Location: Stuttgart • Germany

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About the role

  • The OE 2163 Group Compliance - AML & Sanctions-High Risk team handles inquiries related to anti-money laundering prevention and financial sanctions in customer relationships.
  • The group is responsible for reviewing and approving compliance queries within the credit application process.
  • It participates in the project to implement the EU Anti-Money Laundering Regulation (EU AMLR) concerning the identification of high-risk cases.
  • Support the Money Laundering Reporting Officer (MLRO) with tasks such as reporting, training, and controls at foreign locations in Paris, Amsterdam and Toronto.
  • Be responsible for designing and executing KYC controls, with a focus on high-risk customers in Wealth Management & Private Banking.

Requirements

  • Completed degree in economics or law; or in computer science, financial mathematics, business mathematics, or a comparable qualification.
  • Several years of professional and project experience related to anti-money laundering and sanctions risks; candidates with experience in risk controlling, data management, or IT will also be considered.
  • Solid knowledge of the relevant legal and regulatory requirements regarding anti-money laundering and sanctions risks.
  • Comprehensive understanding of the Three Lines of Defense (3LoD) concept and internal control procedures.
  • Experience in the operational implementation of AML and sanctions requirements and in planning and performing control activities.
  • Strong technical affinity (working with data and IT systems; data collection and analysis; knowledge of OSPlus); desirable: experience with statistics, programming, and AI.
  • Ability to work in a team and willingness to collaborate.
  • Confident and authoritative presence, determination, and excellent communication skills.
  • Good command of English.
Benefits
  • Contribute to the ongoing development of the control framework for AML and sanctions risks with a focus on high-risk customers, in close cooperation with other specialist units in Group Compliance and in coordination with client-facing areas.
  • Support the further development of risk scoring with a focus on high-risk customers in close cooperation with other specialist units within Group Compliance.
  • Participate in the design and substantive development of control activities focused on high-risk customers in close coordination with the 1.5 line of defense.
  • Continuously maintain and contribute to the risk-oriented development of the control plan, taking findings from the risk analysis into account.
  • Plan and execute independent control activities focused on high-risk customers to implement legal and regulatory AML and sanctions requirements.
  • Assist in assessing the adequacy of measures to implement legal and regulatory AML and sanctions requirements and derive necessary actions.
  • Document and help coordinate results and required actions from control activities within Group Compliance and with client-facing units, and monitor the completion of action items.
  • Support client-facing units in resolving required actions (e.g., process enhancements, training measures).
  • Assist in documentation and preparation of decisions for the MLRO regarding the filing of suspicious activity reports to authorities.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
anti-money launderingsanctions complianceKYC controlsdata managementrisk controllingdata collectiondata analysisprogrammingstatisticsAI
Soft Skills
teamworkcollaborationcommunicationdeterminationauthoritative presence