Job Description
Chief Operations Officer – Private Banking
Medium-Sized International Private Bank
This is a senior leadership opportunity for an experienced operations professional to join a well-established international private bank in Luxembourg. As a Private Banking Chief Operations Officer (PB COO). You will be actively developing the full operational function of the bank, with a direct impact on its strategic direction and long-term efficiency.
What This Role Offers:
- A high-level leadership role with strategic and operational responsibility across the private banking platform.
- Direct access to the Executive Committee and Board, with a clear mandate to contribute to organisational development and transformation.
- A stable, international environment with a collaborative structure and manageable complexity.
- The ability to shape and modernise core processes and systems, while maintaining strong risk and compliance standards.
- Long-term visibility and the opportunity to contribute to a sustainable private banking strategy in Luxembourg and beyond.
Key Responsibilities:
- Lead and oversee all aspects of banking operations, including client onboarding, lifecycle management, payments, securities processing, reconciliation, and reporting.
- Supervise and guide the operations team, ensuring effectiveness, reliability, and quality of service delivery.
- Identify and implement process improvements, with a particular focus on digitalisation and automation.
- Ensure compliance with all relevant regulatory requirements in Luxembourg and applicable cross-border jurisdictions.
- Collaborate closely with senior management across departments including Risk, Compliance, Legal, IT, and Front Office.
- Manage external service providers and maintain oversight of outsourcing arrangements in line with regulatory expectations.
Candidate Profile:
- Minimum 10–15 years of professional experience in private banking or wealth management operations.
- Strong leadership background with demonstrated ability to manage teams and implement operational strategy.
- Deep understanding of the Luxembourg regulatory and banking framework.
- Familiarity with digital transformation initiatives and core banking platforms is highly desirable.
- Fluent in English and French is necessary, while German or other language would be an asset.
- Pragmatic, structured, and comfortable working within an international and evolving environment.
TO APPLY: Please send your CV to michael.mandic@andersonwise.com to be considered for this recruitment process. Your application will be treated with the utmost discretion.
When using our services, our clients require that we introduce candidates already in possession of a valid Luxembourg work permit. If not, we regret to inform you we will not be able to consider your application.
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We are an equal opportunity employer and welcome candidates from all backgrounds to apply.