Lead Foreign Exchange Control Specialist for the Financial Monitoring Department

Lead Foreign Exchange Control Specialist for the Financial Monitoring Department

The Financial Monitoring and Foreign Exchange Control Department develops and implements the bank's policy in the field of AML/CFT. Our goal is to reduce the risk of involvement in suspicious transactions and comply with the requirements of Federal Law No. 115-FZ. We are expanding the bank's product line, and the role of foreign exchange control specialists will grow. Therefore, we are looking for an experienced specialist who will help build the relevant processes and apply their knowledge and experience.

What tasks await you

Foreign Exchange Control You will monitor compliance with Federal Law No. 173-FZ when bank clients carry out transactions subject to foreign exchange control. Develop the bank's foreign exchange control system: participate in formulating business requirements, building processes, and preparing methodological materials. Monitor the processing of client settlement documents in the CFT ABS, ensure that department employees submit foreign exchange control reports on time, and that clients provide the necessary documents. Carry out work that will help reduce the number of violations of foreign exchange legislation. Advise clients and bank employees on the compliance of operations with legislation and the correct execution of documents. Prepare responses to inquiries from legal entities and individuals regarding compliance with foreign exchange legislation. Interact with other departments of the Financial Monitoring and Foreign Exchange Control Service: assist in filling in customer information in reports, identify transactions that must be controlled.

We expect you to

• Have worked for more than two years in a credit institution department related to foreign exchange control
• Be fluent in the requirements of Federal Law No. 173-FZ and the regulations issued for its implementation (including regarding counter-sanctions)
• Have set business requirements and participated in foreign exchange control automation processes
• Have built foreign exchange control processes, including with the involvement of bank divisions engaged in operational activities

It will be a plus if you

• Have SQL skills
• Are familiar with legislation and have worked with FATCA/CRS
• Have prepared the bank's HRF in your area of competence
• Have interacted with the Bank of Russia on foreign exchange control issues