Our client is a global leading provider of corporate, trust and fund services to the financial services sector. They are looking to hire an MLRO for their Luxembourg office.
THE RESPONSIBILITIES:
Acting as a RC of the PSF;
Prepare regular and annual AML/CTF reports for the PSF’ Board of Directors, Daily Directors as well as external reports;
Manage issues related to AML/CFT;
Conduct AML/CFT due diligence with the assistance of the business teams, including the preparation of various routine and ad-hoc reports for the PSF’s board, Daily Directors, 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;
To define the appropriate lists and rules to be used to screen customers and monitor transactions for suspicious activity;
To 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;
To review management information and data reports, perform trend analysis and identify risks and issues;
Advise on Compliance and AML/CTF Policy 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 key compliance and regulatory matters. More particularly, oversee and conduct ongoing training to Business team members, the Board Directors 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.
Regularly revising AML/CFT policies and procedures to ensure compliance with applicable regulations;
Serve as a consultant to the Board of Directors of the PSF, Daily Directors, and staff on AML/CFT-related issues;
Reviewing and signing off on new business as a member of the acceptance Committee.
EXPERIENCE REQUIRED:
Bachelor degree or country equivalent in civil law / corporate law or related discipline.
At least a 5 years’ experience as senior in the Luxembourg financial service industry with a good understanding of KYC/AML framework and knowledge of recent legislative developments (e.g. AML6, etc.);
Experience in the fund and corporate services industry as RC is required;
Good understanding of the business plan of the company and ability to identify where compliance risks could arise;
Clear thinking in management of policies and procedures that identify and manage compliance risks;
For further information please contact Jordan White
