AML Compliance Officer

StoneX Group Inc

17d ago

Job
Full-time
Mid & Senior Level
Frankfurt

AI generated summary

You need 3-5 years in AML compliance, knowledge of German regulations, strong analytical and interpersonal skills, fluency in German and English, and the ability to work independently under pressure.
You will implement AML/CFT controls, conduct risk assessments, investigate suspicious activities, prepare regulatory reports, and train staff while ensuring compliance with legal requirements.

Requirements

Between 3 and 5 years of similar experience in compliance and AML
Good organisational skill
Sound knowledge of German financial crime laws, regulations and industry practices
Strong analytical mind
Strong inter-personal skills
Strong problem-solving skills
Proactive and “thinking outside of the box” approach
High level of integrity
Ability to cope with stress and display flexibility towards designated tasks and time
Ability to work independently under minimal supervision
Good knowledge of German and English
Strong communication and listening skills

Responsibilities

Working closely with SFEG Senior Management, Compliance (Other EMEA) and Chief MLRO EMEA to implement a robust AML, ABC, CFT and sanctions control framework across SFEG.
Ensuring that policies, procedures and controls to prevent money laundering and terrorist financing are in place, kept up-to-date and duly communicated in compliance with the requirements of the German Anti-Money Laundering Act as well as guidelines or instructions of the supervisory authorities.
Performing a gap analysis of current policies and procedures vs relevant AML/CFT regulations, practices and guidelines applicable to the business.
Ensuring that customers onboarded are in line with applicable legal and regulatory requirements.
Receiving and reviewing alerts and escalations from other areas of the business and ensuring SFEG Senior Management sign-off in higher risk situations.
Investigating suspicious cases and reporting suspicious transactions to FIU. The AML Officer shall have full access rights to all required data, documents and systems deemed necessary for the investigation.
Preparing and communicating relevant external reports on AML, CTF, ABC and Sanctions to the competent authorities (e.g. BaFin, LKA) in a timely and appropriate manner.
Monitoring the provision of any AML/CTF, ABC or sanctions-related outsourced services, and escalating any concerns to the service provider, SFEG Senior Management, Compliance (Other EMEA) and Chief MLRO EMEA.
Providing SFEG Senior Management with timely notifications and management information, including information required for the Financial Crime Prevention Risk Management Framework and its oversight.
Establishing and maintaining ongoing internal monitoring, testing, and reporting to Senior Management on the effectiveness of the programme and day-to-day operation of AML, ABC, CFT and Sanctions.
Leading SFEG response to requests for information made by the German supervisory authorities and/or other competent authorities.
Preparing and further developing the business ML/TF risk assessment for SFEG that contains a complete inventory of all ML/TF risks.
Assisting internal and external audit in the preparation of their regular audit assignments of SFEG in the field of AML/CFT, ABC and Sanctions, and following up diligently on any recommendations issued.
Monitoring of laws and regulations relevant to AML/CTF, in particular oversight of compliance with the respective German Money Laundering Regulations and ensuring appropriate use of any government or FATF or other relevant findings concerning AML/CTF in particular jurisdictions.
Identifying and keeping an inventory available to all staff of essential AML/CTF laws and regulations pertinent to the business.
Advise Senior Management on relevant laws, regulations and best practice, and inform them about any developments in these areas.
Training and supporting of employees, in particular establishment and maintenance of adequate arrangements for awareness and training in relation to German AML/CTF as well as annual reliability examination of staff according to German AML Regulations.
Assisting the MLRO with establishing, managing and maintaining a risk-based Financial Crime Prevention (“FCP") annual plan.
Assisting the MLRO with establishing an annual MLRO report.
Participating in ad-hoc projects, as may be required from time to time.
Attend relevant workshops, trainings and external seminars to keep abreast of AML/CTF matters.
Provide relevant and on-going advice and support within SFEG.

FAQs

What is the job title for this position?

The job title is AML Compliance Officer.

What type of employment is offered for this role?

This position is a permanent, full-time role.

Is this position remote or in-person?

This position is hybrid, allowing for both remote and in-person work.

What are the main responsibilities of the AML Compliance Officer?

The main responsibilities include implementing an AML control framework, ensuring compliance with AML regulations, investigating suspicious cases, and providing training to employees.

What qualifications are required for the AML Compliance Officer role?

Candidates should have between 3 to 5 years of similar experience in compliance and AML, sound knowledge of German financial crime laws, strong analytical skills, and proficiency in German and English.

What skills are important for this position?

Important skills include good organizational skills, strong problem-solving abilities, interpersonal skills, and the ability to work independently under minimal supervision.

Who will the AML Compliance Officer report to?

The AML Compliance Officer will work closely with SFEG Senior Management and the Chief MLRO EMEA.

What is the focus of the AML Compliance Officer's duties?

The focus is on providing efficient and high-quality AML compliance support across various business areas, ensuring statutory and regulatory compliance, and managing operational risks.

Is training provided for this position?

Yes, the AML Compliance Officer will be responsible for training and supporting employees regarding AML/CTF regulations.

Are there opportunities for career progression in this role?

Yes, The StoneX Group offers potential for progress and growth within various business segments.

StoneX Group Inc

We put our global network, our powerful platforms, and our deep expertise in service of our clients’ strategies.

Finance

Industry

1001-5000

Employees

1924

Founded Year

Mission & Purpose

Stonex is a global provider of precision surveying instruments and geospatial solutions. They offer a wide range of high-precision products, including GNSS receivers, total stations, 3D laser scanners, and software for surveying, mapping, and geospatial data collection. Stonex's ultimate mission is to enable accurate and efficient data acquisition and geospatial information management for professionals in industries like land surveying, construction, engineering, and agriculture. Their purpose is to empower their customers with cutting-edge technology and reliable solutions that enhance productivity, accuracy, and decision-making processes. By combining innovation, performance, and user-friendly design, Stonex aims to be a trusted partner for surveyors and geospatial experts, helping them overcome challenges, improve efficiency, and create value through precise and reliable geospatial data.