Senior – AML KYC Compliance
Role Description
This is a full-time role as a Senior Consultant in AML KYC Compliance. In this role, you will manage and oversee client engagements, which will require you to interact frequently with senior-level clients and examine complex investment structures. You will also work closely with the clients leadership team to develop and implement new processes and procedures to enhance the firm’s service offerings, as well as mentor and train junior staff. This role is located in Luxembourg.
Main Responsibilities
- Independently complete clients AML/KYC onboarding and ongoing monitoring files following internal approved procedures
- Identify and evaluate AML/CTF risks in line with internal risk-based approach and approved corporate risk appetite
- Conduct reviews on a periodic basis, assessing existing investor/intermediary documentation, mitigating any gaps via independent research, online tools or via the client reach out
- Utilizing internal AML screening tools and Open-Source Intelligence techniques to gather relevant KYC data during relevant CDD review processes on both new and existing clients.
- Perform AML/KYC screening and prepare risk assessment reports for new clients and relevant counterparties
- Communicate compliance requirements and regulatory orders in both written and oral format to management
- Identify problem items that you can resolve and escalate to AML/KYC Manager as appropriate
- Recommend to CRM on established internal procedures for compliance related activities and collection of clients AML/KYC documents
- Update PEP register and upload AML and sanction screening report along with relevant supporting documents
- Pro-actively monitoring, in conjunction with the CCO, any changes from the CSSF on AML/CFT and other relevant organizational governance requirements
- Communicates with internal stakeholders for information gathering purposes, as needed.
- Administration and review of Client Risk Scoring in the event of a trigger event
- Excellent understanding of complex clients ownership structures
- Excellent experience in Client Due Diligence and Remediation exercises
Qualifications
- A Bachelor’s degree in Law, business, finance, or a related field.
- Minimum of 5 years of verifiable experience in the financial services industry, specifically in AML KYC Compliance.
- Experience in developing and implementing AML KYC policies and procedures.
- Thorough understanding of the regulatory requirements surrounding AML KYC, including knowledge of the Fifth EU Money Laundering Directive.
- Excellent analytical and problem-solving skills.
- Strong communication skills, both written and verbal, with the ability to engage professionally and effectively with clients and senior leaders.
- Ability to work independently, as well as part of a team, in a fast-paced environment with a positive attitude.
- Fluency in English and French is mandatory. Additional languages like Luxembourgish and German are advantageous.
- AML Certification – on applicable local/regional licenses or certifications as required (CAMS …).
- Able to work independently, but also with excellent organizational skills, team spirit, flexibility, and self-discipline.
- You are passionate about client services
- Knowledge of Asset Management
- Good understanding of the principle of compliance and regulatory requirements in the financial sector