Senior Compliance Officer

Amsterdam Permanent

Added 11/08/2022

  • Broad Compliance function in an international team
  • Broad Compliance function in an international team

About Our Client

Client is an international operating wholesale and retail bank located in Amsterdam

Job Description

The Senior Compliance Officer provides compliance support to the business lines; this involves amongst others demonstrating business acumen and, through a collaborative mindset, being able to engage/build a strong relationship with the Business and other relevant functions in the Bank. He or she serves as a subject matter expert towards business lines on regulatory and FEC compliance matters. The Senior Compliance Officer demonstrates in-depth knowledge and understanding of a wide range of compliance matters. He or she (i) assesses the impact of applicable laws and regulations on business, (ii) reviews and interprets them (iii) advises on the practical application thereof, (iv) ensures efficiency and effectiveness of specific compliance processes and working methods, and (v) coordinates/mentors/educates/evaluates a small number of functional reports. Under minimal supervision, the Senior Compliance Officer performs the tasks assigned to him/her, and keeps relevant colleagues, in or outside the division, informed about the progress of the activities as assigned to him/her.

Key responsibilities

  • Related to areas within the scope of the banks Compliance, provision of advisory support to the business lines and management, concerning client relationships, transactions, existing and new legislative and regulatory provisions, as well as "best practices" and providing the interpretation and practical application of such provisions and best practices.
  • Developing and maintaining internal norms (e.g. compliance principles and standards as set out in policies, procedures, guidelines) related to areas within the scope of the banks Compliance.
  • Provide assistance and information to staff as needed, to promote and facilitate compliance with the Bank's Code of Conduct.
  • Initiate, (assist to) develop and provide regular compliance training with the aim to ensure that the organisation in general and the First Line of Defense in particular, abides by the regulatory norms, and to avoid instances where its staff commits any irregularities or breaches of compliance principles and standards, as well as to keep the organisation up-to-date with relevant compliance trends.
  • Supporting or coordinating various task forces or project groups to address (newly established) compliance related issues or topics, identified deficiencies and concerns on compliance related matters, and (assist to) develop enhancement strategies, to ensure effective and efficient compliance operations, as much as possible.
  • Research, analyze, and draw conclusions related to all applicable rules and regulations and their applicability to and impact on the Bank's products, services and operations, and communicate your findings to appropriate people within the organisation.
  • Coordinate or assist in the initial and ongoing development and implementation of the compliance risk management framework and its related activities to prevent illegal, unethical, or improper conduct.
  • Identify, assess and address the compliance risks to the Bank's business activities, e.g. risks arising from new products, new business and customer relationships or the publication of advertising material.
  • Continuous search for improvement and rationalisation of existing compliance processes.
  • Exercise and organize common (day-to-day) and specific responsibilities in the key compliance areas: AML/CTF - KYC - TDD - Sanctions Compliance, including i) testing through spot-checks of the compliance processes in place and ii) quality assurance of the compliance processes, as well as iii) managing and working on continuous improvement of the automated compliance solutions and systems used (rules, scenarios, effectiveness, robustness).
  • Represent Compliance internally or provide input at various internal committee meetings, as well as externally in relevant peer compliance networks, or with other external parties such as for instance regulators, lawyers, product specialists and auditors.
  • Deal directly with regulators and industry associations, and provide input to consultation papers and other regulatory reforms.
  • Track, and if necessary, take action on resolution of measures taken or recommended in response to identified deficiencies and concerns.
  • Arrange for, assist in, or provide periodic compliance (MIS) reporting to direct superior and/or senior management on compliance related matters.

The Successful Applicant

Key Skills

  • At least 5 years experience in the field of financial and economic crime compliance
  • Adequate knowledge of the Dutch AML/CTF law (Wwft)
  • Proven analytical skills and problem solving ability
  • Self-starter, ability to work under own initiative, and enjoy and work well as part of a team
  • Experienced in working within an international context, preferably in the banking industry
  • Ability to read and understand the Dutch laws, regulations, guidance documents etc in the area of financial and economic crime compliance
  • Good verbal and written English communication skills

What's on Offer


Willem van Leeuwen
Quote job ref

Job summary

Risk, Compliance & Audit
Sub Sector
Financial Services
Jobs by location
Contract Type
Willem van Leeuwen
Job Reference