Job Description
Compliance Officer – AML/Monitoring, Private Banking- Luxembourg
A leading Private Bank is looking to reinforce its Luxembourg Compliance team.
Position reporting directly to Chief Compliance Officer.
His/Her main duties are to ensure the bank complies with all applicable regulations that enter into the scope of the compliance function as per the Compliance Charter. The role implies the performance of monitoring duties and dedicated controls, as well as providing advice to the staff.
Why you should choose this position
- Engage in the interesting project covering the entire EU and world
- Covering 5 representative offices in the EU
- Work in a cohesive dynamic team
- Work-Life balance
- Competitive Package
- Career growth opportunity
- Stable working environment, no frequent turnover
- International leading bank, running a highly profitable and stable business
- Competitive package & Banking Convention Benefits e.g., 35+ days of vacation
- Central location, Pension insurance, Life insurance, meal vouchers
Activities and Responsibilities
- Performing name screening controls of the client database, processing relevant alerts.
- Performing name screening controls of the clients’ payments (swift messages), processing relevant alerts.
- Monitoring and reviewing client transactions (KYT), including pre-approval process, blocked accounts and transactions involving high-risk jurisdictions.
- Processing alerts from the Fraud prevention internal tool.
- Assisting and supporting the CCO, the Deputy CCO and other members of the Department in managing daily tasks and dedicated projects initiated within the Compliance department.
- Assisting and supporting the CCO and the Deputy CCO in the clearing of audit measures.
- Assisting and supporting the Compliance Department in the performance of controls reported in the Compliance Monitoring Plan as well as ad hoc controls.
- Assisting and advising the CRMs on compliance matters.
- When required, filing SARs/STRs to the Luxembourg FIU, addressing requests from authorities and auditors.
- Ensuring identified issues are fully investigated and promptly escalated, if necessary, in order to manage and mitigate legal, regulatory and reputation risks in adherence of the applicable laws and regulations as well as internal policies and standards;
- When required, participating to regulatory assessments, including gap analysis, risk assessment and follow-up.
- When required, participating to Group projects involving Compliance.
- Participating to trainings programs to ensure that all employees are periodically made aware of the Bank’s compliance policies, understand their responsibilities and are kept up-to-date with the regulatory environment.
Profile
- Bachelor or Master degree in law, finance, accounting or business management
- 5 to 10 years of aggregate banking experience preferably in Compliance, Audit or legal
- Excellent knowledge of Compliance-related domains such as AML-CFT/KYC, MiFID, Fraud, etc.
- Familiar with account opening / corporate documentation and business structures
- Very good command in French and English. Other language(s) is(are) an asset (Spanish, Dutch)
Personal Skills
- Strong organisational skills, proactive and at ease with multitasking
- Autonomy, flexible and ability to work under tight deadlines
- Result focused and quick decision-maker, with a “hands-on” approach
- Ability to work in cooperation with others, team player
- Clear and concise communication, ability to summarise info efficiently
- Strong analytical skills
- Efficient and reliable with strong sense of confidentiality
- Understanding of business environment and solution-oriented
To be considered in this recruitment process, please send your CV to michael.mandic@andersonwise.com. Your application will be treated with the utmost discretion.
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