Head FEC First Line Monitoring (FLM) W&R

This is what we offer you

• Gross monthly salary between EUR 8,266 and EUR 11,809 (senior kader A)
• Thirteenth month's salary and 8% holiday allowance
• 13% Employee Benefit Budget
• EUR 1,400 development budget per year
• Hybrid working: balance between home and office work (possible for most roles)
• A mobility budget: with this, you can tailor your transportation according to your own needs. For example, by leasing a car or receiving the full amount and arranging your own transportation
• A pension, for which you can set the maximum amount of your personal contribution

Financial Economic Crime (FEC) Wholesale & Rural (W&R) is responsible for the operational management of FEC within the global regions where Rabobank is active, employing approximately 750 FTE across Europe, North America, South America, Australia & New Zealand, and Asia. First Line Monitoring (FLM) is a critical component of the operational management framework. To ensure global consistency and compliance with AML, CTF, and Sanctions regulations, central oversight is required.

As Head FEC First Line Monitoring W&R, you are responsible for all FEC-related First Line Monitoring activities for W&R, including planning, executing, and reporting. Additionally, you will be responsible for driving uniformity and quality in line with the Global FLM standards. You will coordinate the regional FLM teams, report to the Global Head FEC First Line Monitoring within the FEC Governance, Risk & Change pillar, and work closely with the regional FEC Heads as well as the Second & Third lines of Defence. You will advise and act as a sparring partner for global (regional) management.

• 40 hours per week

• Drive and enable execution of First Line Monitoring within the W&R domain;
• Develop, improve, and ensure uniformity and quality in line with the Global FLM standards;
• Develop W&R FLM strategy in line with Rabobank's strategic priorities and Global FLM direction;
• Manage (hierarchical/functional) the regional and central W&R FLM teams (approximately 60 FTE);
• Strengthen the bank's risk detection by translating insights from the SIRA to adequate monitoring plans and aligning these with stakeholders from the second and third lines;
• Execute monitoring plans and report independently on the effectiveness of key controls;
• Maintain oversight of the entire FLM chain within the regions and report to Global FEC FLM;
• Support the Global Head FEC FLM in their contacts with regulators and prepare meetings with regulators such as the DNB;
• Support complex projects and programs at the Regional FEC level (strategic/tactical).

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. Working together is how we operate, as one driven and expert team at Rabobank. 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 ensure compliance with the Wwft and Sanctions regulations. The FEC organization is headed by the Chief FEC Officer and consists of several departments, including the global CDD, Transaction Monitoring and Sanctions pillars, FEC W&R, and Governance, Risk & Change (GRC). First Line Monitoring is positioned within GRC, ensuring independence from the operational departments in the pillars and FEC W&R. Its objective is to monitor the quality and effectiveness of key controls in CDD, Transaction Monitoring, and Sanctions, which forms an essential part of Rabobank’s three lines of defence model, together with the 2nd line (Compliance) and 3rd line of defence (internal audit). FLM also advises and acts as a sparring partner for global (senior) management (MB-1/MB-2).

• Academic education/level of thinking;
• Minimum 10 years’ experience in a management role in a similarly sized complex environment;
• Proven ability in setting new directions and execution power (managing change and implementation) and corresponding 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 a complex, global stakeholder field;
• Excellent verbal and written communication skills;
• Proficiency in English (and preferably Dutch) (oral and written).

Applying

To ensure that we assess all candidates in the same way for suitability for this position, we do not ask for a cover letter. Instead, we ask all candidates the same three questions to see how your profile matches the role. Pay close attention to answering these questions and explaining your answers; this, along with your CV, is the only information we will use to evaluate you in this round. You may draw from your work, volunteer work, education, personal life, etc. Use a maximum of 200 words per question and provide no more than two examples. Here are the questions:

• What motivates you to apply for the position of Head FEC First Line Monitoring W&R at Rabobank?
• Can you describe the level of experience you have in assurance engagements within a Wholesale and/or Rural environment? Can you give specific examples?
• This role requires close collaboration with various internal and external stakeholders. Can you provide an example of a situation where you effectively collaborated with different stakeholders to achieve goals? How did you overcome resistance?

Reply to the vacancy for Head FEC First Line Monitoring W&R at Rabobank before before January 7, 2025

• Any questions about the job content? Contact: Huib Posthumus, Global Head FEC First Line Monitoring (FLM) via Huib.Posthumus@rabobank.nl
• Any questions about working at Rabobank and the process? Contact Marloes Toma, Corporate Recruiter via Marloes.Toma@rabobank.nl
• We will hold the interviews through a video call.
• 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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