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 day-to-day operations of the Compliance Function’s 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 line’s FCC risk assessment process and internal control framework.
• Guarantee that the FCC teams involvement in client on-boarding 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 Master’s 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, it’s …

• 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