Financial Crime Compliance (FCC) Governance and Controls Internship

at  ING

ROLE & WORK ENVIRONMENT

Financial Crime Compliance (FCC) Governance & Controls Belgium is the second line of defence function supporting ING Belgium, its underlying entities and the Anti-Money Laundering (AML) Compliance Manager in managing the FCC risks.
The Governance and Controls function includes oversight of 1st line of defence AML related processes & sourced activities, the monitoring of customers’ activities (aka Transaction Monitoring) as well as the investigation of atypical & complex cases regardless of the source of identification (Adverse Media Screening, Transaction Monitoring, Name Screening, …) and the handling of special requests (Police, Prosecutor, FSMA, FIU, …).
The mission of governance and Control team aims to identify and report on emerging threats and risks stemming from known and evolving forms of Financial Economic Crime (FEC), such as money-laundering, terrorist financing, corruption, and transnational and organised crime.
The team is working together based on knowledge and expertise, as well as the skill set needed to best perform the job.

KEY RESPONSIBILITIES

The role of the FCC Governance & Controls Risk Intern is critical for the Bank’s defence against money laundering, terrorist financing and fraud. As an Intern with a strong focus on investigation, you take part in the execution and further development of the anti-money laundering strategy of the Bank by reviewing client’s profile and transactions, reporting unusual transactions, analysing trends and providing input on emerging risk or risk typologies to strengthen the existing risk control framework.
You will be responsible for the following (non-exhaustive) overview of activities:
o Evaluate transactions and customer relationships for money laundering activities, identify red flag issues & potential suspicious activities and perform in dept investigation within the AML framework when needed. In addition, assess if there is anything else unusual about a transaction, particularly based on experience of previous transactions
o Effectively communicating with business lines and/or Safe Business Officers to obtain additional information and documentation as needed;
o Preparing suspicious transaction report & suspicious activity report (SAR) Filling

o Maintaining accurate and concise records of all investigations undertaken including details on the rationale for any decisions made;

• Support trends analysis, investigation of complex / special cases (FSMA/NBB requests; request for information from FIU/Police/Prosecutor…);
• Provide input to the creation and maintenance of the procedures and WPI of the team and sourced FCC activities;
• Identify key areas for improvement and provide support and guidance to implement good practice;
• Drive the implementation of automated process, robotics or data analytics techniques