Head FEC First Line Monitoring W&R

You and your job
Financial Economic Crime (FEC) Wholesale & Rural (W&R) is responsible for the operational management of FEC within the Global Regions where Rabobank is active, including Europe, North America, South America, Australia & New Zealand and Asia. With approx. 750 FTE across the five regions, effective first line monitoring is a critical component of the operational management framework. This requires central oversight in order to maintain compliancy on the AML, CTF and Sanctions regulations.

As Head FEC First Line Monitoring W&R you are responsible for all FEC related First Line Monitoring activities for W&R in addition to driving uniformity and quality globally within the FEC domain through hierarchical and functional reporting lines. You will play a central role together with the Regional Heads and the respective FLM teams. Additionally the Head FEC First Line Monitoring W&R reports to the Global Head FEC First Line Monitoring within the Governance, Change and Risk FEC pillar and has strong communication lines with both Second and Third line on e.g. norm alignment. You will  advise and act as a sparring partner for global (regional) management.

Get results

• Drive direction setting and enable execution on First Line Monitoring on the FEC themes within the W&R domain;
• Develop Regional FLM's strategy so it is in line with Rabobank's strategic priorities & Global FEC FLM on being compliant to AML, CTF and Sanctions legislation;
• Developing, improving and steering on First Line Monitoring within the Regions;
• Implementing change processes for Regional FLM;

Facts & Figures

• 40 hours per week
• 9.5 million customers around the world

Top responsibilities

• Managing (functional/hierarchical) the regional and central FLM teams (approximately 60 FTE);
• Realising of (legally required) monitoring activities;
• Maintaining oversight of the entire FLM chain within the regions and reporting towards Global FEC FLM;
• Responsible for the implementation of activities and projects within Regional FLM;
• Strengthen the banks risk detection by translating insights from the SIRA to adequate monitoring plans and alignment on these with stakeholders from second and third line; 
• Supports complex projects and programs at Regional FEC level (strategic / tactical);
• Responsible for detecting risks and adequate management information on monitoring outcomes by reporting on effectiveness of key controls;
• Responsible for setting up a central FLM hub and building central FLM capacity;
• The Head FEC First Line Monitoring W&R supports the Global Head FEC First Line Monitoring in their contacts with regulators and prepares meetings with regulators such as the DNB.

Together we achieve more than alone

We believe in the power of difference. Bringing people's differences together is what makes us an even better bank. Therefore, we are very curious about what you can bring to our department at Global FEC First Line Monitoring.

The main objective for Rabobank FEC is to reach compliancy on the Wwft and Sanctions regulations. The Head FEC First Line Monitoring W&R is positioned within the Global FLM department under Governance, Risk & Change and with that independent from the operational departments. The overall objective of Global FEC FLM is to steer strategically and tactically on an uniform and adequate global First Line Monitoring objective. By doing this it forms the basis for the three lines of defence model of Rabobank. The departments that report to the Global Head FEC First Line Monitoring enable senior FEC management to steer on detected omissions or risks that potentially lead to not meeting Rabobank’s objectives. Additionally Global FEC FLM has strong communication lines with members from Second and Third line on e.g. norm alignment and is advising and acts as a sparring partner for global (senior) management (MB-1/MB-2).

Working together is the way we work; as 1 driven and expert team at Rabobank. Talking of Rabobank: We are a Dutch bank that operates in 38 countries for over 9,500,000 customers. Together with these customers, our members and partners we stand side by side to create a world in which everyone has access to enough healthy food.  In the Netherlands we work to create a country in which people are happy with how they live, work and do business.

You and your talent

• Academic education / level of thinking;
• Minimum 10 years’ experience in a management role in a similar sized complex environment;
• Proven ability in setting new directions and execution power (managing change and implementation) and according project management skills;
• Proven experience and knowledge regarding (integral) risk management;
• Thorough understanding of the entire customer life cycle of a client within a financial institution;
• Act responsibly with regard to identified risks and actively manage adherence through the establishment of a strong risk culture, risk assessments, controls and mitigating actions to stay within the defined risk appetite;
• Very strong conceptual and strategic capabilities at a senior level;
• Strong in stakeholder management within (including the international banks) and outside the bank (regulating authorities);
• Knowledge of AML, CTF and Sanctions regulations, with a strong emphasis on the Dutch Anti-Money Laundering Regulation (Wwft);
• Excellent communication skills and (proven) organizational sensitivity;
• Experience in working in an complex, global stakeholder field;
• Excellent verbal and written communication skills;
• Proficiency in English (and preferably Dutch) (oral and written)

This is what we offer you

• Salary between €7.835,09 and €11.192,99 gross per month (scale SK A) depending on your experience and expertise.
• In addition to a 13th month and 8% holiday pay.
• An extra budget of 13% of your gross 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.
• A combination of working from home and at the office.
• A personal development budget of € 1.400 with many career opportunities within FEC.
• A pension scheme to which you contribute 3.5% or 5.5%

This is selection of the terms of employment for a Head FEC First Line Monitoring based on a 40-hour working week. This vacancy is for 40 hours per week. You can find all our terms of employment on rabobank.jobs/en/conditions-of-employment

You and the job application process

We’ll be happy to receive your application for this vacancy.

• Responses will be handled in accordance with vacancy management.
• Any questions about the job content? Contact: Eiso Bos Please note that no preparatory or introductory meetings will be planned ahead of the interview process.     
• Any questions about working at Rabobank and the process? Contact Marloes Toma, Recruiter via Marloes.Toma@Rabobank.nl
• An individual assessment is part of the application procedure for this vacancy.
• We will hold the interviews through a video call/face to face.
• You can find answers to the most frequently asked questions on rabobank.jobs/en/faq.
• A security check is part of the process.
• We respect your privacy.

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