Hamburg-based Sutor Bank, founded in 1921, is a solid player among Germany’s partner banks for next-finance business models. For fintechs and digital founders, the Sutor Banking platform bundles both standard and individual solutions for the areas of accounts and payments, loans as well as securities and crypto securities trading. In addition, Sutor Bank offers asset management and advice with its private banking, it manages numerous foundations and works together with financial service providers and investment companies in B2B business.
Currently we are searching for a
Correspondent Banking Analyst (m/w/d)
The cryptocurrency and blockchain industry is growing rapidly, and we want to continue shaping the way the industry progresses. We are looking for talented, motivated, and crypto-passionate individuals to join us in ushering in this new ﬁnancial revolution.
What will you be doing?
We are looking for an experienced professional who is passionate about the interbank payments, financial services and crypto industry. Reporting to the Head of Banking, the ideal candidate will have strong technical knowledge of correspondent banking services, due diligence assessments and transactional analysis with respect to correspondent banking, MSBs and crypto businesses. They will be comfortable working in a very fast-paced environment, with a high degree of change, managing numerous concurring priorities. This role is positioned in Hamburg, Germany.
Responsible for the day-to-day management of the correspondent banking relationships.
Reviewing payment activity on a periodic and ad hoc basis. Initiating remedial checks where deemed necessary.
Conducting sanction/PEP screening and investigating potential hits for any individuals/entities within the correspondent banking network.
Ensure regular due diligence of relevant AML documentation and approval by the compliance team, conducting periodic reviews, ad-hoc reviews.
Supporting the Head of Banking in the ongoing development of the correspondent banking framework.
Maintain, manage and develop worldwide correspondent banking relationships.
Building, enlarging and maintaining key relationships with correspondent banks.
Conducting thorough due diligence checks for prospective banking partners at the onboarding stage whilst continually monitoring the relationship on an ongoing basis to ensure all regulatory requirements are met.
Support the presentation of new relationships in the integration steering committee and the risk committee.
Advise other business areas and management on case related matters, ensuring compliance with standards and policies.
Initiate and conduct payment investigations with correspondent banks (relationship management).
So, what are we looking for?
Reporting to the Head of Banking, the Correspondent Banking Analyst will be the gatekeeper for growing our correspondent banking network. We are looking for an energetic, driven individual with good analytical skills along with excellent communication skills. You have a positive attitude and flexibility towards work and new initiatives and you are capable of developing and maintaining positive working relationships. You are a subject matter expert of SWIFT correspondent banking, are familiar with other domestic payment infrastructures, such as SIC/EuroSIC, SEPA, TARGET2, CHAPS, BACS,, Faster Payments ACH or Fedwire.
If you can demonstrate some of the following experience/skills below, we would love to have a conversation:
University degree or equivalent.
Strong communication skills, comfortable dealing directly with internal and external clients and stakeholders.
Strong research skills.
Excellent analytical skills and proven ability to work in a concise and methodical manner.
Ability to manage multiple priorities and work to tight deadlines.
Ability to work independently on projects as required and communicate results effectively throughout the company.
Experience working at a fintech, payments service provider, technology vendor or within financial services.
History of building long-term relationships with high customer satisfaction and client retention.
Knowledge of regulations (PSD2, AMLD5, FATF), financial crime compliance and/or fraud and cybersecurity.
Insight into the use of new technologies in financial transaction processing such as Blockchain and distributed ledger technologies, eInvoicing, digitization, supply chain and bank payment obligation, eIdentity.
Microsoft Office 365 or Google Sheets/Docs skills.
Knowledge of the SWIFT portfolio, technology, and payments market.
Excellent communication skills in English.
Good communication skills in German.
Any other language is a plus.
So, what’s in it for you?
The chance to operate at the intersection of the digital assets industry and financial services.
Is there a good work-life balance? Absolutely, we take this seriously!
You can talk to anyone in the business as there are no barriers and everyone is accessible.
We are working towards enhancing our benefits as we are aware this is meaningful to our workforce.
We value team success where every individual can grow and prosper.