Do you want to play an impactful role in the continuous management of NN’s Financial Economic Crime (hereafter: FEC) risks for the Non-Life department of Nationale Nederlanden? We are looking for a FEC lead who can help Non-life become in control of regulatory risks and comply with sanctions regulations.
As a financial institution, NN is subject to regulation with respect to Anti-Money Laundering, Combatting the Financing of Terrorism, and Sanctions. In the role of gatekeeper, NN must safeguard the integrity of the financial system. Therefore, NN must have a framework in place to manage its Financial Economic Crime risks and comply with the relevant regulations.
In 2022, NN launched an organization-wide FEC program to set up the FEC framework across the organization. Components of the program included, amongst others, the design and implementation of the central client screening process of NN, the establishment of minimal data requirements, and the design and implementation of a central risk engine and KYC workflow tool in Salesforce. These developments form the basis of our current FEC operations.
Aside from the central FEC 3.0 programme, Non-life has set up a Non-life programme, the BAU unit, and an Operations Office. Additionally, C&D is involved in the technical development of systems.
To accelerate the overall progress of FEC within Non-life, we are now sourcing a FEC lead and a Strategic Program Manager for FEC.
What you are going to do
As a FEC lead for Non-life, you will have to understand both the business as well as FEC requirements, needs and processes, and form the linking pin between the business and the second line to accelerate FEC. The FEC lead will functionally manage the Strategic Program Manager FEC, the FEC experts and the FEC coordinators across the Non-life organization.
As the FEC lead, you will help all FEC colleagues within Non-life grow FEC knowledge, improve processes and standards, increase awareness, perform and safeguard quality and data control, and support management reporting for the CARC (Client Acceptance Risk Committee). Also, you will be responsible for accelerating the development of various FEC processes and setting up a tested FEC control framework that identifies shortcomings and creates action plans to successfully ascertain risk levels.
You will work closely with various teams within the company, including Legal, Risk, and Compliance, to ensure a secure and ethical environment for our customers and the organisation. You are a leader who can inspire, motivate, and coach, with proven experience in (multi-disciplinary) team management.
Key Responsibilities:
- Implementing changes to the Sanctions law and standards in the first line
- Monitoring KYC/Sanctions legislation and Dutch Central Bank (DNB) guidelines, translating these into policies, and updating them to reflect market evolution
- Ensuring the timely completion of CDD reviews and periodic quality assessments of CDD files
- Aligning with the second line, managing expectations, and communicating proactively
- Tracking and driving the acceleration of various processes
- Establishing and assessing KYC/Sanctions/Exit processes and an effective internal control framework (ECF)
- Sitting on and preparing documents for the CARC (Client Acceptance & Review Committee), where high-risk files are discussed
What we offer you
NN invests in an inclusive, inspiring work environment where skills and competencies for the future are developed. Our benefits package bears in mind your current demands as well as future needs, empowering you to bring their best. We offer you:
- Salary between 8,513.17 and 12,161.68 based on a 40 hour workweek, depending on your knowledge and experience
- 13th month and holiday allowance (paid out on a monthly basis)
- 27 vacation days for a 5-day working week and one Diversity Day
- A modern pension administered by BeFrank
- Ample training and learning opportunities
- An NS Business Card for 2nd class travel, allowing unlimited travel, including for personal use. Prefer to travel by car? You can claim your mileage.
- Homeworking allowances for internet and a suitable workspace
We work hybrid at NN. Together with your multi-disciplinary team, you decide where, when, and at what time you work. The official location for this position is The Hague.
Who you are
We are looking for someone with a strong sense of responsibility, results-driven, and who leads in a people-oriented way. You possess excellent analytical skills, with which you can oversee, abstract, and combine relevant information to monitor business as usual and drive change at the same time. You need to be able to work autonomously, yet collaborate with people from various disciplines and hierarchical levels. You have strong communication skills and know how to engage your stakeholders in the right way. You aim to learn every day and want to help Nationale Nederlanden realize its ambition to be an industry leader.
Requirements:
- Bachelor’s or master’s degree in Business Administration, Law or Legal studies, or related field
- At least 3 years of demonstrable knowledge and experience working in FEC/AML
- Skilled at conceptual thinking, strategic analyses, data management, budget management, reporting, and presenting
- Excellent command of both Dutch and English, written and spoken
Who you will work with
As the FEC lead you will become a part of the Strategy & Transformation Office, which is positioned within the Strategy, Data, IT & Pricing (SDIP) department of the NN Non-life business line. Within this team you will be working with other Strategy & Transformation Office colleagues that conduct market- and customer analyses, develop strategic advice, and execute complex initiatives and programs across the Non-Life business line. Although our colleagues work autonomously on their individual topics, we value and stimulate collaboration by sharing insights and learnings among the team. Aside from the Strategy & Transformation Office colleagues, you will work closely with other (senior) stakeholders and teams within the Non-life business line.
Any questions?
If you have any questions about the job, you can reach out to Katalin Tatar, Manager Strategy & Transformation Office. Any questions about the process can be directed to Natalia Szymanski, Talent Acquisition Specialist NN Group via +31 (0)6 300 811 47.
What We Do
NN Group is an international financial services company, active in 11 countries, with a strong presence in a number of European countries and Japan. Our roots lie in the Netherlands, with a rich history of more than 175 years.
With our 16,000 employees, NN Group provides retirement services, pensions, insurance, banking and investments to approximately 19 million customers. NN Group includes Nationale-Nederlanden, NN, ABN AMRO Insurance, Movir, AZL, BeFrank, OHRA and Woonnu.
NN Group opened for trading on 2 July 2014 on Euronext Amsterdam under the symbol ‘NN’ after its initial public offering (IPO).
For more than 175 years, our company has merged, grown and changed, but the core of who we are has remained the same. At NN Group, we put our resources, expertise, and networks to use for the well-being of our customers, the advancement of our communities, the preservation of our planet, and for the promotion of a stable, inclusive, and sustainable economy.
Our purpose is to help people care for what matters most to them. Because what matters to them matters to us.
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