Financial Crime Compliance Specialist

Discover ING Hubs Romania

 ING Hubs Romania offers 130 services in software development, data management, non-financial risk & compliance, audit, and retail operations to 24 ING units worldwide, with the help of over 2000 high-performing engineers, risk, and operations professionals. 

We started out in 2015 as ING's software development hub, then steadily expanded our range to include more services and competencies. Now we provide borderless services with bank-wide capabilities and operate from two locations: Bucharest and Cluj-Napoca. 

Our tech capabilities remain the core of our business, with more than 1800 colleagues active in Data Management, Touchpoint Channels & Integration, Core Banking, and Global Products.  

We enjoy a flexible way of working and a highly collaborative environment, where fair and constructive feedback is encouraged.  

For us, impact isn't a perk. It's the driver of our work. We are guided and rewarded by a shared desire to make the world a better place, one innovative solution at a time. Our colleagues make it their job to do impactful things and they love doing it in good company. Do you?  

The Mission
Within the Compliance CoE Bucharest, a team of Compliance Officers is dedicated to support the global Compliance function on various Compliance related activities to ensure the Compliance risks are adequately managed. Collaboration and cooperation within the Compliance CoE Bucharest is based on knowledge and expertise.

Working with a variety of internal stakeholders offers an environment which not only provides the global overview on how the various Compliance requirements and controls are embedded, yet also provides the opportunity the further support the enhancement of the global control framework.

The role is defined as a Compliance specialist role within the global Compliance community. As part of the Compliance framework the 2nd Line of Defense is executing very specifically activities related to the processes around screening on customers and transactions.

The role reports hierarchically to the Lead Financial Crime Screening Team.

Your day to day

In order to comply with the following specific risk-mitigating measures in the hit handling, Compliance Officer from Screening team is responsible to:

• Review and decide upon (material) potential hits or unable to eliminate (UTE) that have been escalated by alert handlers from first line of defence;

• Ensure the timely handling of hits, escalated from the first line of defence (1LOD), with appropriate prioritisation depending on the nature and potential impact of the true hits;

• Advise on the follow-up actions and/or remedial measures to be taken depending on the type of true hit, when appropriate;

• Escalate true hits from name and transaction screening related to external sanction laws or regulation or, in case of doubt, to Group FCC/Sanctions in accordance with the Global Mandatory Instructions on Sanctions;

• Report true hits internally as required.

• Keep pace with the evolution and trends in the field of regulation and related to the industry that have an impact on Compliance Risk Management in the specific field of prevention and combating money laundering, combating terrorism financing including sanctions international economic and enforcement of the applicable rules within the policies and standards of ING and the business principles of ING.

• Subject to checks any action that may involve compliance risks in the specific field and escalate without delay any problem that is not properly resolved to the hierarchical superior.

• Work in close collaboration with the local compliance officers of the ING Group to be able to offer a consistent approach to risk management, to be able to identify and address the cross-border implications of some problems and internal cases, to be able to identify significant non-financial risks and methods to reduce relapses and to share best practices and lessons learned.

• Perform other duties and responsibilities delegated by the hierarchical superior, justified by business needs, as long as they do not conflict with the role and compliance responsibilities.

What you'll bring to the team

• Bachelor's degree – e.g. economics, banking and finance or legal related (Master's degree is a plus);

• Compliance or legal experience, in a similar or related position, is a plus;

• Knowledge of international rules and regulations in the field of compliance in the specific field;

• Strong communication skills (oral and written), ability to build and maintain effective collaborative relationships and good organizational skills;

• Prioritization and planning skills;

• Proficiency in MS Office.

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