Specialist Transaction Monitoring

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates. 

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

Specialist Transaction Monitoring

Purpose of the role:

The person will be mainly responsible for monitoring and analysing financial transactions to detect and prevent suspicious activities, ensuring compliance with regulatory requirements, and safeguarding the bank's reputation.

Responsibilities:

• Monitor and analyse financial transactions to identify unusual or suspicious activities.

• Investigate and report potential money laundering, fraud, and other financial crimes.

• Interacting with other first line teams to assist with concluding reviews of alerts generated with escalation to the relevant teams were applicable.

• Collaborate with compliance, legal, and risk management teams to ensure adherence to regulatory requirements.

• Maintain accurate and detailed records of investigations and findings (ref. to monitoring tools / reporting)

• Assist in the development and implementation of transaction monitoring policies and procedures.

• Stay updated on industry trends, regulatory changes, and best practices in transaction monitoring.

• Assist the line management with the setting up of team processes and procedures while suggesting ongoing improvements.

Experience Required:

• University Degree – Bachelor (or above) in Economics, Finance or Business Admin or relevant experience in this field of activity

• An AML/KYC qualification (via training / certification or related experience).

• At least 5 years of experience in AML/KYC or transaction monitoring.

• A strong understanding of the AML/KYC regulations and / or business / banking operations; preferably in the investment fund area.

• A first experience in transaction monitoring and strong proficiency in Excel being a must have.

As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs. 

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.