COMPLIANCE MANAGER

Job Description

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. The role involves managing and being responsible for the second line oversight and control of Anti-money Laundering (AML) and Combating Financial Terrorism (CFT), including responsibilities as the Money Laundering Reporting Officer (MLRO) and the Data Protection Officer (DPO).

RESPONSIBILITIES:

1. Owning and ensuring adherence to the Bank’s Compliance policies and procedures; taking all necessary measures to guarantee full compliance with EU requirements.
2. AML / CFT sign off as Second Line for all new loans being onboarded.
3. Carrying out Second Line of defence monitoring and control procedures.
4. Managing Compliance risks faced by the Branch.
5. Completing and submitting all reporting requirements to local regulatory authorities, including statutory Compliance returns.
6. Managing all AML / KYC function audits and responding to regulatory queries securely.
7. Conducting training on AML / CFT and internal policies for Branch employees.
8. Monitoring developments and changes to local Luxembourg regulations.
9. Responsible for all AML / KYC / CFT policies, procedures, training requirements, and continuous review and enhancement of these within the Branch.
10. Conducting Compliance Risk Assessments and maintaining Compliance Monitoring Plans.
11. Overall monitoring of regulatory requirements applicable to all group entities.
12. Conducting independent research to gather and record data from various sources.
13. Periodic sampling of full KYC files through liaison with the Relationship Unit or Group Subsidiary.
14. Conducting investigations to ensure compliance with internal and external regulatory requirements.
15. Sign-off with the Permanent Representative & Manager of Luxembourg Branch for all new loans, periodic and event-driven reviews.
16. Acting as Data Protection Officer and managing operational risk.
17. Providing supervision and guidance to Branch First Line of Defence.
18. Updating Head Office Compliance with changes to Luxembourg laws and regulations.

PROFILE:

1. At least 7+ years‘ experience in a compliance role, preferably as Compliance officer/manager at another institution in Luxembourg with strong knowledge of the local regulatory framework.
2. Relevant qualifications in Economics, Accounting, Finance, or Law.
3. Strong knowledge of CSSF’s rules and regulations, and concepts related to AML / KYC and CFT disciplines.
4. Fluency in English and French, both written and oral.
5. Good understanding of wholesale and syndicated lending products/services provided by the Branch.
6. Ability to gather information from diverse 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 may be asked to provide supporting documentation such as copies of diplomas or proof of previous jobs, and a standard criminal record check might also be requested.

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