Job Description

Position Head of Financial Crime Compliance/ AML - Private Banking

Title Vice President

This position reports to the Chief Compliance Officer

The primary role of the Compliance Function within the Bank is to assist the Authorized Management and the Board of Directors in the management of the Compliance risk by acting as a second line of defence, among others by providing an independent assessment and monitoring of the FCC risk associated to client and business relationships, and to the Bank’s activities.

The Head of FCC directly reports to the CCO.

The Head of FCC supports the Bank in maintaining an effective financial crime compliance program, notably by assisting in the development and implementation of relevant tactical or strategic measures, including in relation to the on-boarding of new clients and business relationships, as well as to the periodic review of existing clients and business relationships.

Key Responsibilities Leading the Team of Compliance Officers focused on

• Leading the day-to-day management of the Compliance Function’s FCC team, covering the second line FCC responsibilities.
• Provision of proactive FCC advice and training to management and employees in all relevant business lines as required.
• Timely completion of the FCC Compliance Monitoring Program including operational and periodic controls, and drafting of related Compliance reports.
• Proper follow up of the implementation of the recommendations issued by the FCC team.
• Participation in the FCC risk assessment process and in the oversight of the first line’s FCC risk assessment process and internal control framework.
• Contribution to the Bank’s regulatory watch process by identifying new or updated relevant laws and regulations and their impact in local policies, procedures and manuals.
• Ensuring that the contribution of the FCC team in the client on-boarding and periodic review processes is adequately organised, prioritised and timely completed, in compliance with local laws, regulations, as well as internal policies, procedures, manuals.
• Creation and maintenance of FCC policies, procedures and manuals as required by Luxembourg laws and regulations, as well as implementation of relevant Group policies and procedures.
• Supervision of the timely handling of alerts generated by the name screening, the ex-ante and ex-post transactional monitoring tools. Oversight on AML tools outsourced.
• Contribution in the drafting of the FCC sections included in any required regulatory reporting or internal reporting to governance bodies or the Group Compliance functions.
• Immediate escalation of any risk or suspicion to the CCO.
• Cooperation and proper communication with Group FCC, other local 2^nd or 1^st line control functions, the internal audit department, the external auditor, and other key stakeholders.
• Interactions with relevant FCC authorities when required.
• Contribution/Leading projects and initiatives with FCC impact.

Your Qualifications

• At least 15 years of related financial crime compliance experience (preferably in compliance, but also internal audit, external audit, regulator) within the Luxembourg private banking, investment funds and financial services sectors.
• Knowledge of local and international sanctions regimes.
• Strong leadership and management skills with a successful track record of managing medium sized teams.
• University degree, preferably a Master’s degree in Law or Finance
• Excellent understanding of the private banking and investment funds activities, of their legal and regulatory aspects.
• Excellent communication skills to provide clear guidance and advice to the business, and firm leadership on FCC regulatory and compliance requirements. Mandatory English oral and written communication skills. Ability to speak a second European language (preferably Greek, French, Portuguese) will be an advantage.
• Ability to manage multiple deadlines.
• Familiarity with IT systems and MS Office applications.
• Precise and accurate.
• Capacity to analyse complex issues.
• Flexible and stress resistant.
• Confidentiality & diplomacy.
• Efficient communicator.
• Ability to work independently and manage multiple deadlines.
• Strong stakeholder management skills and ability to manage expectations.
• Solution oriented.

Why would you consider this position:

• Competitive salary and comprehensive benefits package.
• Hybrid work promoted 3+2 (might differ due to managerial responsibilities)
• Prime location in Luxembourg's financial district, offering excellent connectivity.
• Access to continuous learning and professional development opportunities.
• Contribute to a diverse and inclusive work culture that values your expertise.

Please apply by sending your CV to michael.mandic@andersonwise.com.
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