It is of key importance that ING knows the customer with whom it is establishing a business relationship. This is necessary to minimise the possibility of ING becoming a party to money laundering or terrorist financing activities. ‘Knowing’ a customer means acquiring and monitoring all relevant documents concerning the identity of the customer as well as gaining insight in the business, its structure and its transactions. This process is called Customer Due Diligence (CDD): both new and existing customers and business partners are subject to CDD. Due Diligence basically means: carrying out a background checks.
Reputation risk for ING is high. Improper execution of ING’s CDD obligations may lead to serious damage through negative exposure in the press and, more importantly, lawsuits form other banks or regulatory authorities. ING attaches high importance to strict observance of national and supranational guidelines with regard to money laundering and financial institutions are by definition one of the most vulnerable sectors in this respect.
The CDD officer often deals with confidential information and has to find a balance between business interests and often gray areas in national and international law.
In view of global business interest there is often high time pressure at all hours.
1. Performing Customer Due Diligence
Processes the assigned request for CDD. Fills in the CIAF, collects required documents. Contacts the client if applicable.
Sends the completed documents Front office to sign the CIAF and sends the documents tot the CDD Signatory for co-sign.
2. Performing Research
Performs the necessary research to complete and verify data in order to give a complete picture of the client.
3. Relationship management and approval of CDD’s.
Maintains relations with the Frontoffice in the order to obtain the necessary data.
• Initiative, accuracy, critical in investigation, pro-activity
• Able to identify risks
• Affinity for law and legal documentation
• Knowledge of English (primarily written)
• Knowledge of Excel, Word
• Experience in data-researching / data analysis is a pré
You wil start at this position on January the second till the first of July. This job contains 40 hours a week.
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