MLRO – Luxembourg

THE COMPANY:

We are working with a fund, trust and service provider, who are on the search for an MLRO(RC) to join the team.

Having worked successfully with this client over the last 2 years, they have had a 100% retention rate within the compliance team.

THE RESPONSIBILITIES:

• Assist with the preparation of quarterly and annual AML/CTF reports for the PSF’s Board of Directors;
• Prepare, investigate, review or submit relevant reporting to the FIU (STRs – SARs) or Ministry of Finance;
• Take ownership and manage all issues related to AML/CFT impacting the PFS;
• Conduct AML/CFT due diligence with the assistance of the second and first line of defence, including the preparation of various routine and ad-hoc reports for the PFS’s board, Committees and regulatory authorities;
• Where appropriate, cooperate with oversight teams to assist in AML/CFT supervision of third parties, continuous screening, and transaction monitoring;
• Enhance the compliance and AML/CFT framework, involving risk analysis, compliance monitoring plans, and AML/CFT control framework preparation and implementation;
• Define the appropriate lists and rules to be used to screen customers and monitor transactions for suspicious activity;
• Own and continually refine the second line oversight and monitoring of the control framework covering financial crime surveillance technology for customer screening, and transaction monitoring and reporting;
• Review management information and data reports, perform trend analysis and identify risks and issues;
• Advise on AML/CTF Policies interpretation and working with the Business to resolve significant breaches and violations of such policies, and external reporting when required;
• Assisting with training staff on AML-CFT matters. More particularly, oversee and conduct ongoing training to Business team members to reinforce the importance of the financial crime compliance program and the applicability of the compliance policies and procedures, and the two lines of defence model for managing financial crime risk.
• To work with the CO-RC in ensuring that the PSF operates in accordance with all legal and regulatory requirements with PSF’ standards relating to Anti-Money Laundering and Counter Terrorism Financing, Anti Bribery, Criminal Financing and Fraud;
• Providing guidance in the appropriate application and interpretation of AML-CFT laws, regulations and policies from a compliance and regulatory perspective;
• Providing guidance on the development, implementation and maintenance of robust AML-CFT policies, procedures and practices to cover regulated activities and regulatory requirements;
• Work with the CO-RC on the preparing and conduction of the compliance monitoring plan with tests of internal controls and procedures to ensure that ML-FT risks are being managed appropriately;
• Assisting the 1st line of defence in the review of client due diligence documents received and assessment of information obtained on potential new clients;
• Monitoring relevant websites to ensure PSF’ files with regards to sanctions and terrorist listings are kept up to date;
• Keeping registers of politically exposed persons, new businesses, SRTs and SARs;

EXPERIENCE REQUIRED:

• Prior RC experience within a PSF.
• Experience within the fund and corporate service space is required.
• Prior experience as MLRO & supporting the leadership of a financial crime and compliance team.
• Fluent in English & French

For further information please contact Jordan White