Transaction Monitoring Compliance Officer

Joining Mirabaud, means entering an entrepreneurial and innovative environment. With the 7th generation of the Mirabaud family working within the bank, the culture is that of a family business. With over 700 employees based in 8 countries worldwide, Mirabaud offers opportunities to develop one’s career across an international network of 13 offices.

• Review and analyse AML transaction monitoring alerts, with particular focus on higher-risk and unusual transactions;
• Conduct in-depth analysis of transactional patterns and client account activity in order to identify potential AML/CFT risks, inconsistencies or unusual behaviour;
• Assess transactions against the client’s KYC profile, expected account activity, source of wealth/source of funds and overall purpose of the banking relationship;
• Analyse complex financial flows involving multiple accounts, entities, jurisdictions and counter parties;
• Perform second-line review and challenge of clarifications and supporting documentation obtained by the First Line of Defense;
• Conduct additional research and analysis where necessary to reach a documented and risk-based conclusion.

• Identify transactions or patterns requiring further investigation and elevate potentially suspicious cases to the AML Investigations team in accordance with internal procedures;
• Escalate material, sensitive or urgent AML matters to management where appropriate;
• Prepare clear, concise and well-supported written assessments documenting the analysis performed, identified risks and conclusions reached.

• Ensure that transaction monitoring alerts and related reviews are handled within applicable regulatory and internal deadlines;
• Apply the Bank’s AML/CFT policies, procedures and risk appetite consistently;
• Maintain a sound understanding of the Swiss AML regulatory framework, including AMLA, AMLO, OBA-FINMA and other relevant FINMA requirements;
• Identify emerging transactional risks, typologies and recurring patterns and contribute to improvements in monitoring processes and controls.

• Interact regularly with Relationship Managers and First Line of Defense teams to obtain necessary information and challenge explanations where appropriate;
• Collaborate with other Compliance functions, including Investigations (AML/Sanctions) and other Financial Crime Compliance teams;
• Liaise with other relevant internal stakeholders, including Legal, Tax and Operations, on complex cases;
• Provide practical AML guidance to Front Office and other stakeholders while maintaining an independent second-line risk assessment.

• Contribute to the enhancement of transaction monitoring processes, procedures and controls;
• Participate in testing, remediation exercises, audits and regulatory reviews related to transaction monitoring activities;
• Support the implementation and optimisation of transaction monitoring tools and scenarios;
• Contribute to knowledge sharing within the team and, depending on seniority, provide guidance and support to less experienced colleagues.

Your assets to succeed

• University degree in Swiss Law, Economics, Finance, Business Administration or another relevant field;
• Approximately 3-10 years of relevant professional experience, preferably within Compliance, Financial Crime Compliance, AML or Transaction Monitoring;
• Previous experience in a Swiss bank, particularly within Private Banking or Wealth Management, is strongly preferred;
• Good understanding of the Swiss AML/CFT regulatory framework and related banking requirements;
• Professional qualifications such as a CAS in Compliance or equivalent certification are an advantage.