COMPLIANCE MANAGER
Publiée le 25/10/2024
DO Recruitment Advisors
- Luxembourg-Ville
- Banque
- Entre 80k et 95k € / an
COMPLIANCE MANAGER (private bank) (M/F)
DO Recruitment is delighted to assist this prestigious private bank in the recruitment of an AML/KYC Manager who will report to the Deputy Head of the Branch. To manage and be responsible for the second line oversight and control of Anti-money Laundering (AML) and Combating Financial Terrorism (CFT), this includes being responsible as the Money Laundering Reporting Officer (MLRO) and the Data Protection Officer (DPO)
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 all new loans being onboarded;
·Carrying out of Second Line of defence monitoring and control procedures;
·Managing the Compliance risks faced by the Branch;
·Responsibility for completing and submitting to the local regulatory authorities all reporting requirements including statutory Compliance returns;
·Responsibility for the required regulatory, external and internal audits of AML / KYC function and operations and for and managing all AML / CFT identification requests submission / responses to the regulator or law enforcement agencies;
·Responding to queries raised by the regulatory authorities and providing in a secure manner any data request;
·Organisation and conduct of training on AML / CFT, internal policies, code of conduct, code of ethics and other matters as relevant to the employees of the Branch;
·Monitoring of the development of and changes to the local Luxembourg regulations
·Responsible for all AML / KYC / CFT policies, procedures and training requirements and continuous review, update and where required enhancement of policies, procedures and processes within the Branch including personal account dealing, data protection and GDPR and whistleblowing.
·Compliance Risk Assessment and Compliance Monitoring Plan
·Maintenance of Compliance policies and procedures
·Overall monitoring of regulatory requirements applicable to all group entities
·AML name screening, transection 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;
·Conduct investigations based on global standards, policies, tools, and procedures to ensure compliance with internal and external regulatory requirements
·Sign-off with the Permanent Representative & Manager of Luxembourg Branch of all new loans, periodic and event driven reviews;
·Responsibility for data protection and acts as data protection officer;
·Responsibility for operational risk management;
·Provide supervision and guidance to Branch First Line of Defence;
·Updating Head Office Compliance with changes to the Luxembourg laws and regulations.
·Permanent Representative & Manager Luxembourg Branch - upward reporting line; day to day interaction; escalation route; regular meetings.
PROFILE:
·At least 7+ years' experience in a compliance role, preferably experience as Compliance officer / manager at 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.
At the final stages of the recruitment process, the successful candidate can be asked to provide supporting documentation such as, for example, copies of diplomas or proof of previous jobs, and a standard criminal record check might also be requested.
