A prestigious private bank based in Zurich is seeking a highly experienced and skilled Head of Anti-Money Laundering (AML) to join their dynamic team. This role offers an exciting opportunity to lead the AML function and ensure compliance with regulatory requirements in the private banking sector.
This is a role for an experienced AML and sanctions subject matter expert, with strong Swiss and European framework knowledge.
About the job:
Lead and manage the AML function, overseeing all aspects of AML compliance within the private bank
Develop and implement AML policies, procedures, and controls to mitigate money laundering and terrorist financing risks
Stay updated on global and local AML regulations, ensuring the bank's compliance with Swiss and international standards
Conduct regular risk assessments and reviews to identify any potential AML vulnerabilities and implement necessary measures to mitigate them
Monitor and investigate suspicious transactions, working closely with the internal investigation team and external authorities, if required
Provide guidance and training to employees on AML-related matters, promoting a strong culture of compliance
Collaborate with cross-functional teams, including Legal, Risk, and Compliance, to ensure alignment and effective implementation of AML measures
Act as the primary point of contact for regulatory bodies and handle all AML-related inquiries and inspections
Prepare and submit AML reports to senior management, the board of directors, and regulatory authorities
Stay informed about emerging AML trends and industry best practices, implementing necessary enhancements to the bank's AML program
Manage and develop a team of AML professionals, fostering their growth and ensuring their adherence to professional and ethical standards
About the candidate:
Minimum of 10 years of experience in an AML function within the private banking sector
In-depth knowledge of global and Swiss AML regulations and best practices
Strong understanding of wealth management and private banking products and services
Experience working with high-net-worth individuals and complex client structures
Excellent leadership and management skills, with the ability to motivate and develop a team
Strong analytical and problem-solving abilities, with keen attention to detail
Excellent communication and interpersonal skills, with the ability to build effective relationships with stakeholders
Fluent in German, with any other language skills being a plus
Proactive and self-motivated, with the ability to work independently and meet deadlines