FI KYC NFR Specialist / 11-12 / Amsterdam based

FI KYC NFR Specialist / 11-12 / Amsterdam based

The function

Within the FI KYC CoE (Financial Institution Know Your Customer Centre of Expertise), we are looking for a FI KYC NFR Specialist to take on a specialist role in Portfolio management & Event triggers pillar, to ensure quality and improved controls of specific client types in the scope of Correspondent Banking, Payment Services Providers and Crypto Asset Service Providers within the FI Sector. In that role you will also be involved in the working-out a KYC risk-based approach for the WB clients where necessary. KYC risk-based approach is a strategic initiative of the bank and requires continued adjustment due to changing regulatory environment and markets dynamics. It also requires coordination and alignment among Policy, CDD Guidance, FCC, Operations and Front Office stakeholders to ensure a consistent and standardised approach across all countries and bank-wide alignment. FI KYC CoE Department department takes responsibility for compliance of FI clients with external laws related to FEC, AML and internal KYC policies. The team creates a holistic view of the FI client portfolio from FEC and AML perspective and takes responsibility for the implementation of KYC related regulatory programs with a special focus on Correspondent Banking and PSP clients and related enhanced controls. The team is actively involved in managing and optimizing PSP & CB KYC risk framework.

Your working environment

You will be part of WB KYC & FI Sector, reporting to the Head of FI KYC CoE. Your scope of work will involve many stakeholders within WB KYC, FI clients Sector, Compliance/MLRO function, network management, Quality Assurance, CDD Regulatory operations, Front Office product and relationship management teams.

Your responsibilities

Specifically, you have the following key responsibilities:

• Use data analytics tools to create management reporting on FI client segment to identify certain risk typologies
• Follow changes in regulation and market to spot new risks to the role ING has as a gatekeeper of the financial system and translate these to specific FI portfolio management risk triggers
• Take ownership of some of the portfolio management processes, tailoring these to ensure the relevant risks are covered
• Coordinate and lead where necessary risk-based approach (Policy, CDD Guidance, WPIs) review and practical implantation for WB clients
• Engage in client calls where relevant to support Front Office in their discussions with specific Correspondent Banking and PSP client types
• Support team in the portfolio oversight, transaction monitoring, screening and RFI processes where needed
• Align and support with network management team, to ensure no gaps between client scope and non-client scope operations
• Contribute/perform research into Crypto Asset Service Provider segment exposure of FI Client segment and support team lead in relevant risk framework set up project
• Be able to use data analytics and payments insights/system, to identify specific risk indicators and include proposals on how to mitigate the associated risk
• Work closely with CB Transaction Monitoring teams in ING Hubs and participate in related CB/PSP TM projects
• Take a lead in defined projects covering some of above topics

Knowledge and expertise required

As the FI KYC NFR Specialist, you have:

• Minimum 7 years of relevant work experience in the areas of KYC policies and regulations, TM Operations, Investigations, 2nd Line of Defence, or Wholesale Banking,
• Specific work experience in the scope of Financial Institutions is considered a plus
• Have good understanding of payments processes
• Have a background in data analysis, creation of management information and complex project management
• Proven track record of data management within complex organisations, including design, operationalisation, and practical execution
• Understanding of key regulations (such as AMLD5, Wolfsberg Principles, PSD, MiCA) and Transaction Monitoring solutions and their respective effects on the operational landscape of KYC including the interaction with the 1st and 2nd Line of Defence
• Fluent in English and able to travel if necessary
• No trouble navigating through complicated and challenging issues. You do not only start projects but also finish them

Candidates must be analytical, pro-active and self-motivated with can do attitude and strong Orange Code attitude.