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Senior Second level controls and enhanced transaction monitoring

Date: Dec 3, 2021

Location: London, GB

Company: Intesa Sanpaolo Group

Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 11,1 milion of retail customers through a network of 4400 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,200 branches and 7.8 million customers in 12 countries. Intesa Sanpaolo is also present in 29 countries in support of its corporate customers’ cross-border business. It is looking for new qualify profiles who want to face demanding and challenging career path with the following requirements:

Scope and Purpose


As a member of the London branch AML team, the role is primarily responsible for the investigation of alerts generated by the Branch Transaction Monitoring system and performing 2nd line Compliance Monitoring activity in accordance with the Branch Financial Crime Compliance Monitoring Plan. The main activities are: Perform 2nd line Compliance Monitoring activity in accordance with the Branch Financial Crime Compliance Monitoring Plan on the investigated alerts generated by the transaction monitoring system, maintaining detailed accurate records of checks made, resources used and rationale for disposition. Evaluate Management Information and assist the MLRO in developing / maintaining the Compliance Monitoring Plan on risk basis. Assist in the production of Management Information and reports detailing results of compliance monitoring activity. Present findings to the MLRO and business, prepare salient facts in accordance Branch procedures, explain potentially complex structures, issues and offer solutions where appropriate. Monitor industry and professional developments in respect of financial crime, stay informed, and identifying opportunities to enhance Branch risk mitigation and compliance, sharing developments with the wider team. Applying industry, risk and control expertise to support the team and Branch. Delivering fast, accurate and efficient sanctions screening in a timely manner. Maintaining professional working knowledge and application of legal and regulatory obligations in respect of money laundering / terror financing and sanctions compliance, as it applies to the UK. Maintaining broad knowledge of international standards, guidance, recommendations and typologies from bodies including FATF, Wolfsberg, Egmont, IMF, World Bank and SWIFT. Maintaining a working knowledge of the Trade finance and correspondent banking guidance and practices provided by World Trade Organization (WTO), International Trade Centre and the International Chamber of Commerce. 

Required Experience


Experience of working in an audit function or 2nd line oversight role would be desirable. Microsoft Office capabilities, particularly in Word and Excel . Experience using tools such as Safe Watch, Net Reveal, World Check, Companies House PSC register, Open source research would be advantageous. 


Competencies Required


Graduate level education. Qualification in banking, regulation, risk governance, law or financial crime (ICA, ACAMS) would be preferable. Experienced in performing second line oversight of 1st line KYC for corporate and Financial Institutions clients base using 4th EU Directive compliant requirements. Experienced in the production of risk assessments at entity and client level, application. Reconciliation risk summaries with transaction monitoring system and risk coverage. Experienced in the assessment and application of Financial Crime guidance such as KYC for Corporates, Trade Finance monitoring, trade based money laundering and correspondent banking, Wolfsberg, FATF and Egmont typology reports. Able to evaluate complex data sets and large volumes of data, analytical and detail conscious. Excellent report writing skills - objective, well researched, evidenced, fact based. Research and investigative skills. Effective communicator, able to explain complex issues and offer solutions 


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