We are partnered with a top private bank in Luxembourg, offering a broad range of banking and financial services across multiple European countries. Our client specializes in retail, corporate, and investment banking, along with asset and wealth management.
The Role
- Developing KYC, AML/CFT, and Sanctions policies and procedures that align with applicable regulations and internal standards.
- Ensuring the effectiveness of AML/CFT/Sanctions controls implemented by the first line of defense, while acting as the second line to verify the Bank's compliance with all relevant obligations.
- Maintaining ongoing communication with the Bank's departments to discuss the AML/KYC/CFT implications of products, processes, and procedures, while providing compliance guidance and advice to employees.
- Collecting information to prepare suspicious transaction reports (STRs) for the local FIU and supporting the CCO with reporting as required by local regulations.
- Conducting reviews of high-risk clients, including politically exposed persons (PEPs), dormant accounts, clients under surveillance, and incomplete accounts.
- Supervising the onboarding process to ensure all account opening documentation is complete.
- Supporting Internal Audit by assisting in the preparation of audit programs to assess adherence to AML/KYC/CFT procedures, reviewing audit findings, and providing guidance to branches and units based on the audit outcomes.
The Candidate
- Bachelor's degree in Law (preferred) or an equivalent master's qualification.
- 8 years of experience in AML/CFT/Sanctions within a private banking / wealth management sector.
- Comprehensive knowledge of Luxembourg's financial sector laws and regulations.
- Strong attention to detail, excellent organizational, analytical, and logical reasoning skills.
- Fluency in both written and spoken English and French; knowledge of other languages is an advantage.
- Excellent organizational, analytical, and logical thinking abilities.
