Head of Financial Crime Compliance - Private Banking

Why apply

Join a vibrant company dedicated to empower entrepreunerial minds and create value.

Benefit from working alongside diverse teams accelerating your technical expertise devising innovative solutions and mastering your domain.

Become part of a boutique bank currently operating in nearly 40 locations worldwide

About the offer

Permanent contract

Location : Luxembourg

Top 3 Key competencies :

• Private clients onboarding
• Periodic reviews
• People management

About our client

Sector : Private Banking

Values : Passion Accountability Teamwork

Employees :Worldwide : 2500

Your missions

As Head of Financial Crime Compliance you will :

• Oversee the daytoday operations of the Compliance Functions FCC team encompassing the secondary FCC responsibilities.
• Direct supervise and foster the growth of team members.
• Ensure timely execution of the FCC Compliance Monitoring Program encompassing both operational and periodic checks and the creation of related Compliance reports.
• Participate in the FCC risk assessment process and supervision of the primary lines FCC risk assessment process and internal control framework.
• Guarantee that the FCC teams involvement in client onboarding and periodic review processes is effectively coordinated prioritized and completed punctually in adherence to local laws regulations as well as internal policies procedures manuals.
• Establish and uphold FCC policies procedures and manuals as mandated by Luxembourg laws and regulations alongside the implementation of relevant Group policies and procedures.
• Supervise the timely addressing of alerts produced by the name screening the pre and post transactional monitoring tools. Oversight on outsourced AML tools.
• Contribute to formulating the FCC segments incorporated in any mandatory regulatory or internal reports to governance bodies or the Group Compliance functions.
• Promptly escalate any risks or suspicions to the CCO.
• Collaborate and communicate effectively with Group FCC other local 2nd or 1st line control functions the internal audit department the external auditor and other key stakeholders.
• Engage with pertinent FCC authorities when necessary.
• Contribute/Lead projects and initiatives with FCC impact.

Your ideal profile

• A minimum of 10 years of relevant experience in financial crime compliance within the Luxembourg private banking investment funds and financial services sectors.
• University degree preferably a Masters degree in Law or Finance.
• Familiarity with local and international sanctions regimes.
  
• Robust leadership and management abilities with a proven track record of overseeing teams.
• Thorough comprehension of the activities within private banking and investment funds including their legal and regulatory aspects.
• Exceptional communication skills to offer clear guidance and counsel to the business and firm leadership on FCC regulatory and compliance requirements.
• Proficient in English oral and written communication. Proficiency in a second European language is advantageous.
• Capability to manage multiple deadlines.

A candidate experience with Source Up its

• Carry out a skills assessment (soft skills and technical skills) in order to better define your professional project
• Access to your test results to guide you to your best career choices
• Interview coaching session before the client meeting
• Consistent and fair recruitment process with respect transparency and trust