Description

For an established international bank in Frankfurt, we are currently looking for an experienced Deputy Money Laundering Reporting Officer (Deputy MLRO) to strengthen the Legal & Compliance function.

The role offers the opportunity to take on a key position within the bank’s second line of defence, working closely with the MLRO and senior management on the prevention of money laundering, terrorist financing, proliferation financing and other financial crime risks.

Your tasks

• Act as Deputy MLRO and support the MLRO in fulfilling the bank’s regulatory obligations under German AML legislation
• Support the ongoing development and effective implementation of the bank’s AML/CTF framework
• Monitor, assess and investigate suspicious transactions and unusual customer activities
• Support and oversee KYC, CDD and EDD processes, including complex or higher-risk customer relationships
• Assess AML-related escalations and support decisions regarding suspicious activity and regulatory reporting
• Monitor regulatory developments and support the implementation of new requirements into policies, procedures and controls
• Prepare AML-related reports, analyses and documentation for senior management, auditors and supervisory authorities
• Support internal and external audits as well as regulatory reviews
• Work closely with Compliance, Legal, Risk, Operations and relevant business functions on AML-related matters
• Deputise for the MLRO where required

Your profile

• University degree in Law, Business Administration, Finance, Economics or a comparable qualification
• Several years of relevant professional experience in AML / Financial Crime Compliance within a regulated financial institution
• Strong knowledge of the German Money Laundering Act (GwG) and relevant German and European AML requirements
• Good understanding of the KWG, AWG, sanctions requirements and related regulatory frameworks
• Experience with corporate banking and payment transactions is an advantage
• Previous experience as Deputy MLRO, AML Officer or in a comparable senior AML function is highly desirable
• Strong analytical skills and confidence in assessing complex AML and regulatory matters
• Ability to communicate effectively with senior stakeholders, auditors and regulatory authorities
• Very good German and English language skills