Fec head of transaction monitoring

Do you want to help to protect the bank and our customers worldwide from the negative effects of financial crime? Commit to bringing Rabobank's FEC domain to world class and deliver customer-focused, future-proof solutions together with your committed and expert colleagues. You will play a crucial role in managing risks in the field of financial and economic crime, fulfilling Rabobank's gatekeeper function for private clients and business clients.

Our Shared Future:

"Together, we safeguard our customers, the bank and society by detecting and preventing financial and economic crime."

You and Your Job

As a FEC Head of Transaction Monitoring you will be tasked with leading a team of Transaction Monitoring professionals to investigate alerts and signals indicating potential criminal activities, preventing money laundering. The team is responsible for detecting fraudulent activity, suspicious/illegal behaviors and patterns related to financial crime which includes but is not limited to money laundering, fraud, tax evasion, bribery, corruption, terrorism financing, and cybercrime. Ensure compliance with laws, regulations, and internal policies at Rabobank. Supervise transaction screening, internal strategies, and processes. Promote regulatory awareness, assess risk exposure, and implement controls effectively. Achieve quality, cost, and timeliness targets, escalating issues when needed to maintain compliance.

As the Head of the Transaction Monitoring function, the incumbent inspires the analysts in their team to get the most out of themselves on a daily basis. Together, the team ensures that we have insight into who our customers are. Through their expertise and enthusiasm, they will take the team to a higher level and keep their focus on continuous improvement. The incumbent is the inspiration for their team. Every day they will know how to challenge their team to do it a step smarter or better.

Job Responsibilities

• Take a leadership role in internal and external activities.
• Coordinate department's effort, within department or with other groups, to achieve departmental goals.
• Make sound business decisions; understand and achieve business goals within desired timeframe.
• Meet all deadlines for internal, external and regulatory requirements.
• Reliably organize work, works effectively and efficiently, prioritizes work and anticipates business needs.
• Ensure that all transactions are monitored effectively to detect any signs of money laundering, fraud, tax evasion, bribery, corruption, terrorism financing, and cybercrime.
• Implement changes to enhance controls and processes in compliance with regulations.
• Guide the team to align their work with the organization's strategy and goals.
• Maintain governance processes for approvals and audits.
• Address risks responsibly and engage in discussions within and outside the organization.
• Conduct enhanced reviews of client transaction and/or behavioral activity detected by the automated transaction monitoring system, manual reports or internal referrals.
• Continually develop team skills in the areas of transaction monitoring and identifying risks.
• Continually seek opportunities for process improvement, efficiency, quality and control of client data.

Manager Responsibilities:

As a Rabo NA leader you will have continuous opportunities to further your professional growth and development through traditional learning paths and programs, connection-points with senior leaders, peer-to-peer interactions, stretch opportunities, an alumni program and more. You will have the opportunity to interact with and learn from leaders all over the world.

Your Promise to Us:

To be considered for the FEC Head of Transaction Monitoring role, you must have:

• Bachelor's Degree
• CAMS, CFE, and/or CFCS beneficial
• A deep understanding of Financial Economic Crime, particularly Anti Money Laundering and Counter Terrorist Financing, is necessary
• Extensive transaction monitoring experience on an investigative tool such as NetReveal, Mantas, Actimize/Fortent/Searchspace
• Experience mentoring and training members of a team
• Ability to travel regionally, up to 15%

Additional Requirements and/or Qualifications

• Supervisory skills for managing a department of widely varied skill sets
• Essential competencies for the role include being collaborative, analytical, and result-oriented. Expertise in the AML domain, specifically Transaction Monitoring, is crucial.
• Staying updated on relevant laws and regulations, overseeing the domain, and adapting to significant changes are key responsibilities.
• Decision-making, professional judgment, clear communication, and organizational sensitivity are essential qualities.
• Effective communication with senior management, 2nd line, and 3rd line colleagues is vital.
• Identifying important Transaction Monitoring risks, understanding legislation and regulations, and coaching stakeholders are critical.
• Multitasking, flexibility, stress management, interpersonal skills, and a pragmatic approach are valued. Experience in finding and action management is a plus.

Our Commitment to you - cultivating your way beyond pay:

Rabobank embraces diversity and welcomes employees and applicants of all backgrounds. Our goal is to always create an environment that is inclusive, drawing upon the strengths of the diversity of our workforce to exceed the expectations of our clients and customers.

We view your well-being as much more than a paycheck. We continually evaluate and evolve our benefit offerings to be comprehensive, competitive and to give you the options and the flexibility you need. We focus our employee benefits on three main components:

• Physical Well-Being

  includes our commitment to your Health and Wellness. Medical, Dental and Vision plan coverages are effective on your date of hire. Rabo offers multiple plan options and a full network of providers to best meet your needs.

• Financial Well-Being

  provides for your Retirement + Savings + Security. We love seeing your retirement plan balance grow just as much as you do! That's why you can start participating in the 401(k) plan on your date of hire. Plus we match 50% of the first 6% you contribute to your 401(k) plan for US Employees. Rabo also contributes an additional 3% of your eligible pay in Safe Harbor contribution and up to 3% in annual Discretionary Profit Sharing contributions.

• Emotional Well-Being

  ensures your Work + Life balance. We offer a generous paid time off program to full time employees: up to 20 days of vacation time, 5 days of additional time off plus 7 sick days and 11 US holidays annually (based on hire date during the calendar year). In addition, Growing a Better World Together requires wanting the best for our employees and their families and our communities. To do that, we offer both the time and financial support to give back to the community through our Dollars for Doers, Helping Hands and Gift Matching programs. (All paid time off is subject to company accrual and carryover policies.)

Our Organization:

Rabobank North America is a valued financial partner to food and agricultural companies, farmers and ranchers, renewable energy developers and investors, Dutch companies doing business in the U.S., and select institutions. We support the entire value chain from farm to fork, and connect our clients and team members to the global reach of one of the world's leading food and agriculture banks.

With our food and agricultural expertise and global network, we work with our clients to support and ensure the transition to a sustainable food, fiber and energy supply to meet the needs of our growing planet.

At Rabobank, we strive to grow a better world together. In order to achieve that, we have to have the right people in the right jobs. Are you ready to join our team?

This job posting has no fixed application deadline. We will accept resumes until a qualified applicant pool is identified.