Money laundering reporting officer - Western Union International Bank - Berlin
Western Union · Berlin, DE
Role Responsibilities In this role, you will set the strategic direction for AML compliance, acting as the key point of contact for the FMA and European supe...
Job description
Role Responsibilities In this role, you will set the strategic direction for AML compliance, acting as the key point of contact for the FMA and European supervisory authorities. You will lead a team of experts, oversee AML frameworks, and ensure robust controls to prevent money laundering and terrorist financing. Your leadership will guide new products and markets, ensuring they meet the highest compliance standards while enabling innovation and customer trust. - Main point of contact for German supervisory and law enforcement authorities as well as the Financial Intelligence Unit (FIU) - Fulfilment of the function in accordance with Section 25h (7) of the German Banking Act (KWG) - Independent handling and coordination of suspicious activity reports - Ensuring reporting obligations to BaFin and other authorities - Developing, implementing, and regularly updating internal policies and procedures to prevent money laundering and terrorist financing - Defining and monitoring compliance requirements and their implementation across products, services, and new business areas - Training and sensitizing internal staff on compliance and AML matters - Close cooperation with the Managing Dire...