Chief Compliance Officer/MLRO

Responsibilities:

• Manage the second line of defense: Work closely with the management body and Heads of Functions across Luxembourg and abroad.
• Lead compliance and regulatory matters with international regulatory bodies, including support for registrations.
• Prepare regular reports and provide strategic direction to senior management regarding compliance matters.
• Coordinate various regulatory filings to ensure timely and accurate submissions.
• Develop compliance policies and audit program procedures to maintain regulatory standards.
• Focus on internal compliance policy review, including ongoing assessments, assisting with compliance reviews, internal audit reviews, and ongoing or ad hoc reviews.
• Work with in-house and external advisors to monitor and implement responses to regulatory developments that impact the business.
• Track compliance items related to new product or service launches.
• Collaborate with other departments on special projects and compliance initiatives as necessary.
• Educate staff on compliance requirements and best practices.
• Advise on and oversee the implementation of systems and controls to prevent financial crimes related to client funds.
• Ensure compliance with the Money Laundering Act, terrorist financing requirements, and transfer of funds regulations.
• Oversee the processes for CDD, EDD, sources of wealth, and beneficial ownership verification.
• Implement and oversee transaction monitoring systems to detect and report suspicious activities.
• Conduct risk assessments related to money laundering and financial crimes involving client funds.
• Maintain and update compliance policies and manuals, including those related to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT).
• Develop and implement training programs to ensure high standards of AML/CFT awareness among employees.
• Oversee the outsourcing of compliance-related activities, ensuring they meet regulatory standards.
• Report to the governing body on financial security matters and ensure all AML reporting requirements are met.
• Ensure compliance with and communicate any guidance from relevant regulatory agencies.
• Identify and address any potential gaps in AML/CFT compliance, especially in outsourced functions.

Requirements:

• Minimum of 10 years of experience in regulatory compliance, AML/CFT, or regulatory functions, preferably within a PSP or an EMI.
• Strong knowledge of national and international AML/CFT legislation.
• Ability to work independently in a fast-paced, global organization while maintaining close contact with relevant teams across multiple locations.
• Excellent problem-solving skills with the ability to provide practical and efficient counsel.
• Fluency in English is essential, French would be beneficial.
• Luxembourg based.