Junior Compliance Officer - 18 months determined contract @ ING Hubs RO

Discover ING Hubs Romania

We started out in 2015 as ING’s software development hub – a distinct entity from ING Bank Romania – then steadily expanded our range to include more services and competencies.

Formerly known as ING Tech, as of 2022 we provide borderless services with bank-wide capabilities under the name of ING Hubs Romania and operate from two locations: Bucharest and Cluj-Napoca.

With the help of over 1600 engineers, risk, and operations professionals, we offer 130 services in tech, non-financial risk & compliance, audit and retail operations to 24 ING units worldwide.

Our tech capabilities remain the core of our business, with more than 1300 colleagues active in Data Management, TouchPoint Channels & Integration, Core Banking, and Global Products.

We enjoy a flexible way of working and a highly collaborative environment, where fair and constructive feedback is encouraged. Work ethics, honesty and knowledge sharing are key to our teams and we’re always looking for like-minded people.

The Mission

Within the Compliance CoE Bucharest, a team of Compliance Officers is dedicated to support the global Compliance function on various Compliance related activities to ensure the Compliance risks are adequately managed. Collaboration and cooperation within the Compliance CoE Bucharest is based on knowledge and expertise.

Working with a variety of internal stakeholders offers an environment which not only provides the global overview on how the various Compliance requirements and controls are embedded, yet also provides the opportunity the further support the enhancement of the global control framework.

The role is defined as a Compliance specialist role’ within the global Compliance community. As part of the Compliance framework the 2nd Line of Defense is executing very specifically activities related to the processes around screening on customers and transactions.

The role reports hierarchically to the Lead Financial Crime Screening Team.”

Your day to day

• Support the business in implementing and monitoring the implementation of the ING Policy on Financial Economic Crime (FEC) regarding customer identification, prevention and combating money laundering, combating terrorism including international economic sanctions.
• Actively collaborates with the business to evaluate the impact of the implementation of the ING Policy regarding Financial Economic Crime/FEC) regarding customer identification, preventing and combating money laundering, combating terrorism including international economic sanctions and to provide feedback.
• Monitors the correct implementation of the policies/procedures/compliance standards of the ING Group in relation to the applicable compliance risks (integrity risks related to the client: Financial Economic Crime/ FEC, regarding the identification of clients, prevention and combating money laundering, combating terrorism including sanctions international economic applicable ING) and the existence of controls regarding the identified risks.
• Keeps pace with the evolution and trends in the field of regulation and related to the industry that have an impact on Compliance Risk Management in the specific field and offers consultancy to the relevant stakeholders regarding the interpretation and application of the applicable rules within the policies and standards of ING and the business principles of ING.
• He is globally responsible (global function - coordinated at ING Global level, growth model for global standardization) for supporting the Compliance community in ING in various activities, by overseeing the controls related to the management of Transactions Screening and Name Screening hits, through:

-Optimization and execution of various processes in the screening areas (hit handling);

-Propose mitigation/mitigation measures in accordance with the applicable ING framework and global compliance policies;

-Continuous collaboration with the head office, as well as with the relevant compliance officers at local and/or regional level;

-Prepares periodic reports for the headquarters, supporting functional supervision and trend analysis;

-Prepares periodic and ad hoc reports for the local ING entities impacted by the hit management processes in order to comply with the group requirements;

• Subjects to checks any action that may involve compliance risks in the specific field and escalates without delay any problem that is not properly resolved to the hierarchical superior;
• Works in close collaboration with the local compliance officers of the ING Group to be able to offer a consistent approach to risk management, to be able to identify and address the cross-border implications of some problems and internal cases, to be able to identify significant non-financial risks and methods to reduce relapses and to share best practices and lessons learned;
• Participate in the exchange of information regarding various cases, best practices and lessons to be learned between countries/regions/business areas with Compliance Officers from other ING units or employees of other departments involved in risk management in the specific field;
• Performs other duties and responsibilities delegated by the hierarchical superior, justified by business needs, as long as they do not conflict with the role and compliance responsibilities;

What you’ll bring to the team

• University degree – e.g. economics, banking and finance, legal related;
• Masters is an advantage;
• Compliance or legal experience, in a similar or related position is a plus;
• Digital skills: Word & Excel, E-mail, Internet;
• Knowledge of international rules and regulations in the field of compliance in the specific field;
• Knowledge of the evolution of the external environment;
• Independence and initiatives, trust and sense of responsibility, strength of character and tenacity in solving problems, confidentiality and the diplomatic approach to work duties;
• Inductive reasoning: abilities to combine disparate information in order to draw some rules and conclusions;
• Deductive reasoning: the ability to apply general rules to specific problems in order to obtain appropriate solutions;
• Prioritization and planning skills;

What’s in it for you

• Annual Performance
• Extra vacation days depending on the total length of working experience
• Flextime – our own way of working
• Monthly budget on Benefit platform
• Growth opportunities
• Defining a clear career path on short/ mid/ long term and identify the competencies you need to build/ develop to reach the next level: vertically – towards a managerial position or horizontally – towards an expert or architect level, locally or globally
• Internal mobility is encouraged
• Possibility to access International Short-Term Assignments or Long-Term Assignments
• Upskilling/ reskilling programs
• Learning & Development opportunities
• Annual training & certifications budget
• Pluralsight & e-learning platforms
• CSR activities: tree planting, coding lessons for teenagers etc.