AML & Compliance Specialist

Role Overview

• Act as deputy AML Officer in interactions with BaFin, FIU, and the Board of Directors.
• Support the AML & Compliance Section Manager in implementing and maintaining AML/CTF policies, procedures, and controls in line with BaFin AuA, §25h KWG / MaRisk, and EU requirements.
• Assist the AML Officer as 2nd-line AML, establishing controls and testing plans (thematic reviews, issue management and remediation tracking).
• Provide support in conducting and updating the risk analysis process.
• Assist in executing customer due diligence (CDD) and enhanced due diligence (EDD) processes.
• Review alerts generated by transaction monitoring systems and escalate suspicious activities.
• Assist in preparing and submitting Suspicious Activity Reports (SARs) under the supervision of the AML & Compliance Section Manager.
• Maintain AML documentation and ensure proper recordkeeping.
• Support organization of AML/CTF training sessions and awareness initiatives.
• Help coordinate internal and external AML audits and inspections.
• Support and collaborate on implementation of remediation plans resulting from external audits.
• Monitor regulatory updates and assist in adapting internal procedures accordingly.
• Assist in monitoring regulatory changes (e.g., MaRisk, HCG) and assessing their impact on business operations.
• Provide support to IT, Finance, and Business Units to ensure systems and processes meet compliance standards.
• Assist in managing outsourcing compliance and contract documentation using internal systems (ContractWorks).
• Support handling of customer complaints, ensuring compliance with internal and external standards.
• Contribute to promoting a compliance culture through support for the Code of Conduct and Ethics Line activities.
• Provide operational support to the Compliance, Governance and AML Manager in day-to-day compliance tasks and projects.
• Support the review and correct application of internal policies and procedures.

Requirements

• University degree in Business Administration or a related field.
• Professional certifications such as CAMS or equivalent are highly desirable.
• 2–3 years' experience in AML and Compliance within financial services.
• Basic understanding of German AML legislation (GwG) and BaFin expectations.
• Strong organizational and analytical skills.
• Ability to work independently and collaboratively in a cross-functional environment.
• Fluent in German and English.