Risk Mitigation Expert FEC Wholesale and Rural

You are able to contribute to Rabobank proactively protecting itself as well as society against (facilitation of) money laundering and terrorism financing.
As a Risk Mitigation Expert you can make a difference by enhancing the Financial Economic Crime (FEC) controls defining new, better and innovative Transaction Monitoring, Sanctions, CDD and Business Controls. You will be part of the FEC W&R Risk Mitigation Team.

FEC W&R Business Advisory

Rabobank’s has as its mission to grow a better world together. As part of this mission, Rabobank wants to make the society safer by detecting financial economic crime (FEC) and serves as a gatekeeper of our financial system to prevent money laundering, terrorist financing, sanctions violations, human trafficking and corruption.

FEC W&R Business Advisory is the primary point of contact for the W&R Business and is the linking pin between the Business and the FEC organization, including FEC W&R Operations. We enable the Business to meet its responsibilities regarding managing of FEC risks and controls.  We integrate and coordinate FEC changes for the W&R network in order to run effective and efficient FEC operations.

FEC W&R Business Advisory consists of three sub-teams SIRA/RAS, Business Engagement and Risk Mitigation.

FEC W&R Risk Mitigation

FEC Risks like Money Laundering, Terrorism Financing and Sanction violations can be present throughout our organization, and can be linked to products, geographies and clients. Potential Risks can surface as a result of the annual SIRA, risk assessments, requests from regulators and findings. A risk analysis is conducted by the Risk Mitigation team and scenarios are developed to mitigate the risks by setting controls. The development of scenarios requires intensive contact with FEC and Business stakeholders in Head Office and the various global W&R regions. 

You and your job

The Risk Mitigation Expert is responsible for defining the key risk areas for W&R and developing mitigating measures. After an initial analysis of the risks, you will determine with your colleagues what the appropriate action is and develop a scenario. You will need to interact with a wide variety of stakeholders (e.g., Business, FEC, Compliance, Operations) within the organization, located both in head office (Utrecht) and the W&R offices around the world. Next to the work on risk mitigation proposals and scenarios you will co-operate with your team on the Global Red Flag Library, Case and Scenario Library and projects.

You and your talent

• At least 3-5 years of experience in a Financial Institution (preferably within a wholesale banking environment), Financial Authority or relevant Investigative Authorities.
• Strong affinity in detecting and preventing financial economic crime and/or professional experience in crime intelligence analysis.
• Experience in working in a FEC environment is an advantage. We also invite people with a strong analytical background in banking and a willingness to learn.
• You have a bachelor's or master's degree, preferably in Criminology, Economics, Law or Business Administration
• You take initiative, are eager to learn, goal oriented, but pragmatic and like to work in an international dynamic environment
• You have excellent problem solving skills, critical thinking skills, analytical skills and are a team player
• You combine analytic and professional judgement skills with tact and organizational sensitivity.
• Thinking out of the box, being creative
• You are able to multitask on several assignments at the same time.
• You have experience with data analysis and tools.
• You are able to present the investigation results succinctly and in understandable language to senior management.
• You have excellent fluency in English (both written and spoken) and/or are willing to learn Dutch

This is what we offer you

• A gross monthly salary between € 4.068,63 and € 6.926,62 (scale 9/10) based on knowledge and experience
• thirteenth month's salary and 8% holiday allowance
• an extra budget of 11% of your gross monthly salary to be used at your discretion. Buy extra holiday hours, add more to your pension savings or ask for part of the extra budget to be paid out.

This is a selection of the terms of employment for a Risk Mitigation Expert based on a 36-hour working week. You can find all terms of employment on Careers at Rabobank

You & the application process

You can respond to the vacancy of FEC W&R Risk Mitigation Expert till 6 February 2024.

• If you have any questions about the specific details of this position, please contact Fred van Hedel (Fred.van.Hedel@rabobank.com)
• Moniek Peeters, Corporate Recruiter, would be happy to answer any questions about the application procedure via Moniek.Peeters@rabobank.nl.
• Conversations can take place via a video call.
• The answers to frequently asked questions can be found at rabobank.jobs/en/faq .
• A security check is part of the process.
• We respect your privacy.