Compliance Officer – KYC / Quality Assurance and Integrated Compliance

Department : Compliance

Reporting : Head of Compliance

Position intended only for Swiss based ING employees

Mission

Ensure compliance with Swiss laws and regulations as well as with ING Group policies regarding Compliance.

Identifies, assesses, advises on, monitors and reports on the ING’s compliance risk, with a focus on AML matters, to help the organization avoid failure (or perceived failure) to comply with applicable laws, regulations and ethical/reputational standards. Develops and/or implements and/or applies relevant rules and controls to ensure compliance with all relevant legislation, regulation and standards.

Main tasks and responsibilities

KYC tasks

Conduct investigation of compliance risk events such as adverse news, suspicious transactional activity, group-wide investigations etc…,
Customer acceptance,
Review of account opening documentation, follow-up of discrepancies,
Systematic research on prospect clients before account openings,
Preparation of, participation to and minuting of Geneva Client Integrity Risk Committee,
Annual review of Increased Risk customers (incl. PEP),
Supervising the CDD process.

Quality Assurance tasks

Perform quality assurance processes:

independent testing of the 1st and 2nd line monitoring so to assure the quality of the controls in place,
independent review of the compliance processes on a risk-based approach through thematic, process and continuous QA.

Execute tests/reviews and elaborate results from different Key Control Testing (KCT) and QA initiatives and provide consolidated reporting to Business Line Compliance and Group Compliance, in line with Compliance and QA methodology, processes and formats,
Provide QA related input for the Non-Financial Risk Committee (NFRC), Non-Financial Risk Dashboard (NFRD) and other committees and reporting.

Integrated Compliance tasks

Create data-driven insight on compliance risks,
Manage data analytics in risk identification and reporting processes,
Person to act on all regulatory/audit findings with regards to reporting and management information.

Audit and reporting

Assist the Head of Compliance in the different internal Compliance reporting to local management and to the group functional line,
Assist internal and external auditors when needed.

Policies, procedures and projects

Support implementation of group compliance policies at local level,
Assist if needed in review of Compliance related policies and procedures,
Assist the Head of Compliance in trans-departmental projects and implementation of the bank’s project methodology, and take ownership whenever requested.

Communication lines

Reports hierarchically to the Head of Compliance, and operationally to the MLRO for the KYC tasks,
Has contact with all departments of the Branch on Compliance matters,
Functional line collaboration and reporting to the Group functional line.

Skills required

Personal competencies

Structured and organized
Pragmatic and solution oriented
Taking Initiatives and be creative
Autonomy
Compliance and integrity
Analytical skills and global approach
Communication skills (oral and written)
Team spirit
Capacity to work in a matrix organizational model, on an ad-hoc basis under pressure

Specific knowledge:

Banking law and regulations: In-depth knowledge of local and international KYC/KYT, anti-money laundering, anti-corruption, prevention of the financing of terrorism and sanctions regulations,
Basic understanding of local and international tax matters.

Languages

English: fluent
French: fluent
Any other language – will be an advantage

Professional experience and academic background

University degree in business or law,
Knowledge of lending activities and more specifically trade and commodity finance, a plus.