Corporate Banking Risk and Control

Luxembourg - Luxembourg

Monthly Salary: Not Disclosed

Posted on: 2 days ago

Vacancies: 1 Vacancy

Job Summary

Job purpose

We are seeking a detail-oriented Risk and Control member to join our Corporate Banking team focusing on compliance risk control and operational integrity. This role is pivotal in managing client due diligence (KYC/ODD) internal controls audits and liaising with risk management teams to address credit/operational risks tied to corporate banking activities.

Responsibilities would be but not be limited to the following:

1. Client Due Diligence & Compliance

- Conduct Know Your Customer (KYC) reviews for corporate clients ensuring compliance with AML CDD and regulatory standards.

- Perform Ongoing Due Diligence (ODD) for existing clients including periodic reviews to reassess client risk profiles based on transactional behavior ownership changes or business activities.

- Monitoring material changes (e.g. mergers sanctions adverse media) and escalating risks proactively.

- Updating client records and documentation to maintain compliance with CDD requirements.

- Prepare due diligence reports and maintain documentation.

2. Internal Control

- Develop and implement post loan management internal control frameworks to safeguard corporate banking operations.

- Conduct regular reviews to evaluate control effectiveness and compliance with policies.

- Identify process gaps recommend corrective actions and track remediation progress.

- Collaborate with Compliance/Risk department to align controls with evolving regulations.

- Support mitigating risks in transaction processing fraud prevention and system resilience.

3. Cross-Functional/Sub-Branches Collaboration

- Work with Sub-branches Relationship Managers Compliance Risk and IT to streamline workflows and enhance internal controls.

Qualifications :

Qualifications

- Education: Minimum bachelors degree in finance Business Economics or related field.

- Fluency in English and Chinese other languages will be considered as an Asset.

- Experience: at least 3 years of experience in corporate banking compliance risk management or internal control.

- Track record in KYC AML or internal control professional experience.

- Proficiency in KYC tools and MS Office.

- Knowledge of banking regulations.

- Soft Skills: Detailed oriented Analytical mindset exceptional communication and ability to simplify complex requirements for stakeholders.

Additional Information :

Remote Work :

Employment Type :

Full-time

Job purposeWe are seeking a detail-oriented Risk and Control member to join our Corporate Banking team focusing on compliance risk control and operational integrity. This role is pivotal in managing client due diligence (KYC/ODD) internal controls audits and liaising with risk management teams to ad...