Compliance Specialist

Essentials:

• Decree in Law or Accounting or strong educational background
• Good level of experience of working in Compliance in a regulated environment (preferably Dutch Trust Industry related)
• Good understanding of the Dutch Regulatory Framework (WTT2018, BTT, WWFT and Sanction Law)
• Good understanding of and experience with Transaction Monitoring in Wwft and WTT regulated environment
• Proficient in client structures eg corporates, trusts, foundations and the associated due diligence requirements
• An understanding of high risk features such as PEP's, sanctions, sensitive business activities, material jurisdictional connections
• Experienced in Microsoft Office.
• Knowledge of statutory filing requirements in relation to the specific client structure
• Relevant compliance qualifications
• Experience of Raemonda (CDD Solutions)
• Experience of Relian and/or RiskScreen

Job description

This list of duties is not exhaustive and may change from time to time according to business needs.

To comply with all internal policies and procedures

• Daily check of possible sanction and PEP-hits (Relian) and Dow Jones Factiva bad press "hits".
• Perform Compliance tests based on Compliance Monitoring Programme (CMP testing), identifying risk and recommending solutions
• Secretary of Local Business Acceptance Committee meetings (re) acceptance client entities
• Support the business in performing the in-depth Risk screening in Google, Dow Jones (Factiva) during onboarding and Periodic Review
• Monthly filing of all Teams Compliance Reportings on local Compliance drive (CRS, Progress Overview, Transaction Monitoring Overview)
• Handle Transaction Monitoring Alerts coming in from Business (Raemonda assignments)
• Advisory to the business in their day-to-day practice regarding Compliance issues
• Escalation point in relation to any potential screening matches or identified client risk
• Maintaining the content within Compliance Registers (eg Alerts overview, Incidents, Unusual Transactions)
• Assist with board reporting and similar management information and Group reportings
• Support regulatory/banking relations/auditors and similar visits or inspections
• Training colleagues I providing feedback and guidance, as relevant
• Attend Management meetings and meetings with Team Leads
• Document management - linking to Raemonda or filing as appropriate occasionally

Michael Bailey International is acting as an Employment Business in relation to this vacancy.