Job title: | Senior Compliance Officer AML/KYC FCC |
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Job type: | Permanent |
Emp type: | Full-time |
Industry: | Private Banking & Wealth Management |
Functional Expertise: | Lawyer Private Banking & Wealth Management |
Location: | Luxembourg |
Job published: | 18-10-2024 |
Job ID: | 33595 |
Job Description
Senior COmpliance FCC Officer – Private Banking, Luxembourg
The Senior FCC Officer is part of the Financial Crime Compliance (FCC) unit and plays a key role in assessing and mitigating AML/FT risks during client onboarding and relationship management. Reporting to the Deputy Head FCC, the role focuses on second-level defense and the monitoring of client relations, particularly high-risk clients and PEPs.
Key Responsibilities:
- Conduct AML/KYC due diligence for new business relationships and account openings.
- Review client documentation and identify potential risks, escalating issues as necessary.
- Ensure tax compliance documentation for new clients is in place.
- Participate in the Account Opening Committee and secure approvals based on AML risk classification.
- Monitor transactions, screen persons, and filter payments.
- Escalate suspicious transactions to the Deputy Head FCC, Head FCC, and Chief Compliance Officer, and draft reports to authorities.
- Perform cross-border controls and second-line reviews of periodic assessments.
- Support the execution of the FCC Compliance Monitoring Plan (CMP) and participate in ex-post monitoring and name screening.
- Coach junior team members and contribute to regulatory reporting, risk assessments, and FCC-driven initiatives.
Professional Requirements:
- 7–10 years of AML/FT experience in banking or financial services, ideally in private banking. CAMS certification or strong AML education background preferred.
- University degree, ideally in Law or Finance.
- Strong understanding of private banking and its regulatory aspects.
- Excellent English communication skills; knowledge of French or Italian is a plus.
- Familiarity with IT systems and MS Office.
Personal Competencies:
- Strong organizational and analytical skills.
- Attention to detail and commitment to developing AML/KYC expertise.
- Ability to work under pressure, with flexibility and confidentiality.
- Good interpersonal and communication skills.
To apply, please send your CV to michael.mandic@andersonwise.com. Your application will be treated with the utmost discretion.
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