Compliance Assistant (AML Analyst)

About First Commercial Bank Frankfurt Branch

First Commercial Bank, a major Taiwanese international bank with operations in over 11 countries and more than 30 branches worldwide, established its Frankfurt Branch in 2023. To support the expansion of global banking services and establish robust operations in Germany, the Frankfurt Branch is seeking a qualified Compliance Assistant to join the Compliance Department.

Key Responsibilities

• Assist the Head of Compliance in ensuring adherence to German and European regulations alongside policies from the head office.
• Identify, evaluate, and document important legal risks within business units in the bank’s database.
• Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on new or existing business relationships as needed.
• Investigate Anti-Money Laundering and Counter-Terrorist Financing alerts generated by the branch's AML monitoring system; resolve or escalate cases appropriately.
• Aid in preparing Suspicious Activity Reports (SAR) for submission to regulatory authorities.
• Provide support for suspicious activity reporting in the Head of Compliance's absence.
• Maintain and update money laundering monitoring system indicators regularly.
• Conduct periodic risk evaluations based on customers' risk profiles.
• Support monitoring and control activities ensuring business units comply with anti-money laundering requirements.
• Prepare agenda items and minutes for Compliance meetings.
• Respond to internal inquiries regarding money laundering and terrorist financing matters.
• Manage GDPR related tasks such as vendor assessments, vendor name screenings, and secure customer file destruction, coordinating with relevant departments.
• Serve as the liaison for the branch's outsourced Data Protection function and collaborate with the Outsourcing Officer on its periodic reviews and assessments.
• Review, update, and maintain compliance policies, procedures, and manuals in alignment with regulatory and head office guidelines.

Qualifications

• Completed degree in Law and/or Compliance-related fields.
• Minimum of one year of relevant experience in compliance, legal roles within financial services, regulatory bodies, or legal/consulting firms.
• Possess strong professional demeanor and excellent communication skills.
• Fluent in German, English, and Mandarin languages.
• Possess a valid German long-term residence permit.

Additional Information

First Commercial Bank Frankfurt Branch is the first Taiwanese bank established in Germany as of January 9, 2023, with headquarters in Taiwan. Candidates must be proficient in Microsoft Office tools. Applications should be submitted confidently with resumes and cover letters in English or German languages.