Compliance and AML Manager

As Compliance and AML Manager, you will report to the Head of Luxembourg Branch and ensure the independence from branch business areas and the alignment with the bank compliance procedures.

Client Details

Our client is active in Banking and specializes in securities services; they are opening a branch here in Luxembourg.

Description

As Compliance and AML Manager, you will:

• Facilitate communication with regulators to ensure compliance with reporting obligations.
• Continuously monitor and evaluate regulatory changes affecting the Branch, adjusting controls and procedures as necessary.
• Collaborate with IT to implement controls ensuring data integrity and compliance with data protection regulations.
• Establish and adapt standards and procedures to ensure Branch compliance with regulations and Entity policies.
• Conduct periodic risk assessments and take measures to mitigate compliance risks, including those related to money laundering and terrorism financing.
• Escalate significant compliance risks to the bank's compliance officer.
• Report assessment results to relevant governing bodies.
• Participate in product approval processes, identifying compliance issues.
• Ensure ongoing compliance through effective control implementation and evaluation.
• Address complaints from Branch customers.
• Ensure compliance with depositary functions under UCITS and AIFMD Directives.
• Ensure compliance with MiFID II Directive and other applicable conduct regulations.
• Implement Entity procedures for personal transactions and market abuse, with necessary adaptations to local regulations.

Profile

The successful Compliance and AML Manager has the following profile:

• Master's degree in a relevant field such as finance, business administration, law, or a related discipline.
• Advanced certifications such as Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM).
• In-depth knowledge of regulatory compliance, particularly in anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
• Familiarity with financial products, services, and operations.
• Proficiency in interpreting and implementing complex regulatory requirements.
• Experience in risk assessment and mitigation strategies.
• Ability to adapt to changing regulatory environments and industry best practices.
• Strong analytical skills with attention to detail.
• Excellent communication and interpersonal abilities.
• High ethical standards and integrity.
• Proactive approach to problem-solving and decision-making.
• You speak French & English; any other European language is a plus (Spanish, Italian, Portuguese).

Job Offer

Since our client is opening a branch here in Luxembourg, this position requires an entrepreneurial mindset and a will to build and create a new project.

The salary & package will be in line with your experience.

Our client values potential as much as gained experience! You would join a people-oriented company with international colleagues.