Junior Transaction Monitoring and Sanctions Officer
Key Skills
Job Description
About Citco:
The Citco Banks offer our clients the ability to transact, place cash on deposit and access foreign exchange markets and loan facilities. Operating from multiple locations globally, we provide custody and depositary services and credit facilities, with our solutions fully integrated with our fund administration and corporate and trust offerings.
About the Team & Business Line:
Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best-in-class process and technology.
The Transaction Monitoring & Sanctions team consists of Transaction Monitoring & Sanctions Officers based in Amsterdam and Dublin. We work closely together with the Transaction Monitoring & Sanctions team in Curacao whose main responsibility is the compliance with any transaction monitoring requirements on a day-to-day basis for the Citco Banking Division.
Responsibilities
Your Role:
- Ensure that the Citco Banks are compliant with any transaction monitoring requirements on a day-to-day basis.
- Analyze anti-money laundering alerts generated by our system. Reviewing, researching, and analyzing the alerts and determine if the alerts are related to potentially suspicious activity.
- Prepare and thoroughly documenting factual and impartial findings in an accurate and timely manner for reportable and non-reportable cases.
- Interact with other business lines within Citco to obtain necessary information related to their clients and client’s account activity.
- Monitor case aging and escalate as necessary.
- Complete ad hoc investigations and participate in departmental projects and initiatives.
Qualifications
About You:
- You have a Bachelor in Law, Business Administration, or can showcase relevant experience in a related/equivalent discipline, ideally within the banking industry.
- Able to showcase basic understanding of the Anti Money Laundering, Sanctions Act and European equivalent legislation.
- Analytical and able to prioritize a diverse workload with multiple deadlines.
- Flexible and detail-oriented mind-set with the ability to multi-task and change directions based on business demands.
- You are a motivated self-starter, who is able to work independently while understanding the importance of their contribution to the holistic team structure.
Fluent in English language
Our Benefits
Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Core Responsibilities
The officer will ensure daily compliance with transaction monitoring requirements by analyzing and investigating anti-money laundering alerts. They will also document findings, collaborate with other business lines, and participate in departmental projects.
Requirements
Candidates should hold a bachelor's degree in Law or Business Administration and possess a basic understanding of AML and Sanctions legislation. Strong analytical skills, attention to detail, and the ability to work independently are essential for this role.
Benefits
- Training and education support
- Flexible working arrangements
About The Citco Group Limited
Industry: Financial Services
Company size: 5,001-10,000 employees
Our heritage, since founding a civil law notary practice in the 1940s to establishing the Curacao International Trust Company in the 1960s, is built on challenging paradigms and delivering exceptional service within the financial and professional services industry. Today, we continue to pioneer award-winning services and technology solutions that meet ever changing markets. A commitment to investing in people, and proprietary technologies, has resulted in our reputation as the industry’s preeminent service provider, reassuring clients that their critical administration functions are in safe hands. Our thought leadership and ability to quickly navigate complex change means our clients can depend on us as trusted advisors to make informed decisions in response to market conditions. Our Divisions Citco Fund Services & Investor Relations CFS is the global leader in services for the alternative investment industry. With over 2,000 funds under administration and net assets exceeding $840 billion, we provide full service fund administration, fund accounting, net asset value calculations, investor relations, and more. Governance Services Leveraging our extensive global office network Citco Governance Services provides customised solutions, including corporate and global subsidiary governance, secretarial services, financial accounting and reporting, tax and audit liaison, and market entry services. Banking, Depositary & Custody Services Citco Banks operate in strategic financial centres and provide Institutional and Fund of Funds clients access to the funds universe through multiple communication and online real-time global funds platforms. Citco Technology Management Through our eight global development centres, Citco Technology Management provides secure infrastructures and develops award-winning technology products that underpin our commitment to service excellence.