R. Czik

Manage regulatory-driven change the bank projects; Responsible for development and maintenance of the control framework within the Private Banking Division; Implementation of operational and regulatory risk initiatives; Reviewing business processes, controls and activities and identifying risks including set-up of mitigation measures; Performing ad-hoc investigations; Supporting (cross-segment) projects/initiatives; Development and implementation of an Early-Risk-Warning-System to identify operational risks

Assigned as the Compliance Sanction Officer; Interim Head of Compliance Large Corporates, Financial Institutions and Institutional Clients; Umbrella responsibility (supervision and control) for all due diligence requests of correspondence banks with regard to transactions and relationships; Drafted and conducted customized AML training for Banks' employees; Developed and coordinated the implementation of new policies, procedures and controls (IKS, risk based 4-Eye-Principle).

Conducted for the Fraud & Compliance department of the credit card division in Germany of Europe's leading Direct Bank; Implemented an Operational Risk Management Framework; Maintained umbrella responsibility for all fraud / compliance incl. Anti Money Laundering, Operational Risk and early warning operations; Responsible for establishing and updating fraud-, compliance- and operational risk policies and a rule-based fraud detection strategy; Member of the Management Team (MT)

Established a merchant acceptance policy; Developed a merchant applications process; Monitored and observed merchant performance, addressing violations and breaches of the above mentioned standards; Ensured that policies and business activities in general are compliant with relevant standards and laws; Implemented guidelines of Visa & MasterCard (Rules & Regulations and other contractual obligations); Monitored of merchant compliance with the data security standard "PCI" (Payment Card Industry).

Reviewed control weaknesses and making recommendations for the management; Guided teams of 2-4 auditors in conducting financial, operational and compliance audits; Reviewed the adequacy and effectiveness of internal controls and compliance with corporate policies and procedures; Identified audit issues and root causes, recommendation of additional or improved internal controls and business processes, to ensure that corrective action plans are developed and implemented;

Finance & Business Development