Location: Senningerberg, Luxembourg, Luxembourg

Make an immediate impact in a high-visibility role supporting the EMEA Private Bank by supporting the firms financial crimes compliance framework.

 

As a Senior Associate in the Compliance team, you will act as a key member of a highly regarded second-line function providing support and challenge to the EMEA Private Bank business in respect of the firms financial crimes compliance framework. The EMEA Private Bank provides comprehensive wealth planning, investing and lending services to clients across the EMEA region. You will represent Global Financial Crimes Compliance in interactions with stakeholders from both the first and second lines of defence. You will liaise with counterparts across a range of functions to assess the impact and risks presented by regulatory changes and new business or products for the Private Bank. You will also play an important role in the execution of the Anti-Money Laundering programme and supporting the Luxembourg branch MLRO. You will report to the Head of Financial Crimes Compliance for the EMEA Private Bank/Luxembourg MLRO and will liaise with counterparts across the EMEA region. 

Job responsibilities

• Provide advice, challenge and guidance to the Private Bank business regarding anti-money laundering, terrorism financing and sanctions matters, ensuring local, EU and US regulatory requirements and Global Standards are adhered to, escalating as appropriate to the Head of Financial Crimes Compliance for EMEA Private Bank, MLROs and relevant committees.
• Coordinate across a range of stakeholder groups to consider the impact of local regulatory changes on the EMEA Private Bank business; for example undertaking impact assessments as they pertain to regulatory change (i.e. EU AML Reform) and/or helping to co-ordinate EMEA wide compliance feedback in respect of changes to policies and procedures from relevant SMEs and branch country compliance officers
• Support PB business for onboarding and client escalations in regard of Luxembourg requirements and disposition of client risks
• Identify and investigate potential rule and policy breaches, coordinating corrective action with other control functions as necessary/required.
• Assist other team members in the identification and mitigation of potential financial crime risks and typologies
• Support GFCC PB team in the course of regulatory examinations and inquiries
• Monitor and report on the effectiveness of the financial crimes compliance program.
• Participate in the risk assessment of new business, products, or project initiatives by providing advice from a financial crime, sanctions and KYC perspective. 
• Keep abreast of regulatory change, industry trends and anticipating areas of focus and attention of regulators, keeping stakeholders informed through the provision of regular Management Information and ad hoc briefings as required.
• Represent Global Financial Crimes Compliance in first and second line committees and other forums as necessary. 

 

Required qualifications, capabilities and skills

• Strong academic background or work achievements, in a similar financial crime or private banking role.
• Good working knowledge of Luxembourg, EU, and UK AML/CTF regulations.
• Background in assessing risk and ability to make sound decisions in respect of financial crime/terrorism financing risk, including escalation as appropriate.
• Good communication skills especially the ability to articulate complex issues to a range of audiences, including Legal and Compliance colleagues, Audit and regulatory authorities.

• Ability to consistently deliver high quality results and work in a fast-paced, dynamic and demanding environment with control focus and attention to detail along with ability to prioritize, work under pressure and meet tight deadlines.

   

 

Preferred qualifications, capabilities and skills

• Strong command of English language skills, knowledge of European languages is an asset.
• Knowledge and proficiency in use of automation tools/programming would be beneficial.

An exciting opportunity to support the EMEA Private Bank in respect of the firms financial crimes compliance framework.