SENIOR COMPLIANCE OFFICER
DO Recruitment is delighted to assist this prestigious private bank in the recruitment of a Deputy Compliance Officer who will report to the Head of Compliance. To manage and be responsible for the second line oversight and control of Anti-money Laundering (AML) and Combating Financial Terrorism (CFT).
RESPONSABILITIES:
·Owning and ensuring the adherence to the Bank’s Compliance policies and procedures; and taking all the measures necessary to guarantee full compliance with the requirements of the EU;
·AML / CFT sign off as Second Line for corporate syndicated loans;
·Carrying out of Second Line of defence monitoring and control procedures;
·Assisting in managing the Compliance risks faced by the Branch, e.g. (identifying Compliance risks, monitoring the performance of the mitigating controls in place, reporting to the local regulatory authorities and being responsible for submitting confidential reports to the FIU in the event of any suspicious money laundering or financing terrorism activity),
·Assisting in the preparation of the local regulatory authority reporting requirements including statutory Compliance returns;
·Reviewing and responding to AML / CFT identification requests submission / responses to the regulator or law enforcement agencies (including Police Judicial);
·Monitoring of the development of and changes to the local Luxembourg regulations
·Monitoring of the development of and changes to HQ regulations and Head Office Policies and detailing a gap analysis with Luxembourg regulations,
·AML name screening, transaction monitoring and reporting Management information to Head Office Compliance,
·Conduct independent research to gather and record data from internal systems, commercial databases, and the Internet,
·Periodic sampling of full KYC files through liaison with the Relationship Unit or Group Subsidiary.
PROFILE:
·At least 5-10 years of experience in a compliance role, preferably experience as Compliance officer (second line of defence) in another institution in Luxembourg with strong knowledge of the local regulatory framework.
·Relevant qualifications and training, preferably in one of the following areas: Economics, Accounting, Finance and Law
·Strong knowledge of the CSSF’s rules and regulations and the concepts, principles and methodology related to the position and the requirements of AML / KYC and CFT disciplines.
·Fluency both written and oral in English and French
·Good understanding of wholesale and syndicated lending products / services provided by the Branch.
·Gathers information from a wide range of sources to build a robust information base in relation to the wider business context.
CLIENT:
Our client is a prestigious private bank located in the city center of Luxembourg.
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As an equal opportunity employer, we value diversity and encourage applications from individuals of all backgrounds. However, candidates must have a valid Luxembourg work permit. As a service provider representing our clients, we are required to present only candidates with valid work permits; if you do not meet this criterion, we cannot consider your application.
If you are fortunate enough to secure this position, you will need to provide supporting documents, including copies of your diplomas, proof of prior employment, and a standard criminal record check at the final stages of the recruitment process.
