US Bank AML Financial Crimes Manager Deputy MLRO 

Norway, Oslo 

659663008

The role will be part of European Financial Crimes Compliance Team and reporting to the MLRO of the Norway Branch. The role will be primarily responsible for maintaining branch oversight and ensure implementation of the Bank’s AML/CTF requirements in the branch through assisting in the management of the second line of defense (“SLOD”) AML governance and program framework for the European Bank, in addition to ensuring alignment with U.S. Bancorp Group AML initiatives.

The role holder will demonstrate technical expertise on Norwegian and European regulatory requirements and will also require an understanding of operating under Group standards.

The position will interact directly with other key European Bank functions including Legal, Credit, Fraud and Operations as well as U.S. Bancorp’s Group Program Office and other management based in the United States.

Principal Accountabilities of Position

As Deputy MLRO, assist MLRO in maintaining oversight and providing subject matter expertise for all AML related matters within the Norway branch. Act as conduit between branch, EFCC Europe and U.S. Bank Enterprise teams to ensure branch related matters and issues are timely escalated / discussed for adequate resolution. Assist MLRO in submitting any SARs / STRs to the local regulatory bodies and cooperate in any follow-up requests. Also provide consent on the SAR / no SAR decisions on cases related to Norway branch in MLRO’s absence. Act as contact point for all AML related regulatory matters with local regulators in Nordics and assist to respond to all AML related information requests and returns from their local regulators. Support MLRO in the assessment & interpretation of the local requirements, updates to the policies, and support implementation of country-specific aspects of US Bank / EFS AML Program. Work cooperatively with EFCC EUROPE team members and with U.S Bancorp colleagues to develop and maintain the AML framework. Participation in the AML & Economic Sanctions Risk Assessment process Assess the impact of upstream AML regulatory developments and work closely with colleagues in Regulatory Change Management on AML related regulatory developments and contribute to Regulatory Change Management Projects as required. Develop close working relationships within Branch, U.S. Bancorp EFCC Program office and ensure that EFCC EUROPE is represented during the development and review of group wide AML standards and policies. Assist with the production of high-quality reporting for Senior Management. Additional ad hoc tasks will also be required as necessary.

Desirable Experience, Skills, and Competencies:

Minimum five to eight years’ experience in Financial Services and in a compliance, risk or internal control role, preferably three to five of which should be in relevant roles within AML / Financial Crime.

Likely to have a good third level qualification, with a Diploma in Compliance (or similar) beneficial.

Other desirable experience and skills include:

• Expert fluency in Norwegian language is a must.

• Knowledge of AML & Economic Sanctions requirements / framework in the Norway and EU is necessary.

• Experience in interacting with regulators and reporting to committees on AML and financial crime matters.

• Technical knowledge of, and ability to interpret, AML regulations in Norway and Europe and apply such in a practical manner in an operational environment for different business lines.

• Ability to think strategically in the development and execution of enterprise-wide AML initiatives.

• Ability to operate in a matrix organization, build relationships across business lines and strong communications skills.

• Strong project management and organizational skills and ability to balance competing priorities and deliver according to strict time and quality standards.

• Able to digest complex issues and set a course of action (that others are prepared to follow) to meet specific goals.

• Able to work pro-actively and with minimal supervision as well as part of a team.

• Proficient in the use of Microsoft Outlook, Project, Visio, Excel, Word, and PowerPoint.

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