Head of Compliance

**Overview**:

- Role: Head of Compliance
Location: Munsbach (Luxembourg)- The Role & Key Responsibilities
- Preferred Skills
- What you will get in return
- Additional Information

**We are currently looking for a Head of the Compliance & Data Protection function, who will act as Chief Compliance and Money Laundering Reporting Officer.**

The role in a dynamic team and growing business unit will encompass compliance advisory, monitoring and fulfilment of the CSSF requirements to meet the obligations set out in local regulations, circulars and laws as well as the relevant European Directives.

Every employee plays a part in making our company who we are today and the more that we grow, the more important that becomes. However, your career path or specialism will look like we provide, together with Apex Group Ltd, a global fast-growing platform to allow you to thrive.

**Job Specification**:

- To provide open and honest regulatory liaison, building a strong working relationship with regulatory bodies, notably the CSSF.
- Reviewing legislation and conducting gap analyses to ensure the firm remains compliant with obligations
- To be registered with the CSSF as Chief Compliance Officer and Money Laundering Reporting Officer
- Providing advice and guidance on compliance and risk to all members of the organisation.
- Assisting in responding appropriately to alleged breaches and non-compliance with applicable regulations and policies.
- Contribute to strategy and business planning, notably from a risk and compliance
- To develop and embed a strategic approach to risk and compliance and a target operating model for the firm.
- To provide strategic, actionable advice, support and guidance on CSSF rules, Sanctions and any other applicable rules and guidance and support the corporate governance, to enable the enhancement of the corporate governance, financial crime and risk frameworks.
- To facilitate appropriate compliance reporting through the governance structure, including working with the relevant Director and team to enable an appropriate degree of consistency in compliance reporting.
- Overseeing the local Compliance functions at the branches
- To ensure that the Function is appropriately resourced and directed such that it is effective in delivering appropriate advice, guidance and challenge to the business on risk and compliance matters.
- As MLRO, you will also provide support to the business by providing guidance, as appropriate.
- Working cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policies.
- Collaborating with internal Compliance and Fraud staff to identify clear steps necessary to mitigate those regulatory risks and provide those recommendations in the form of clear business requirements.
- Partnering with Product Owners to educate and drive the appropriate execution of Compliance requirements.
- Promptly respond to any reasonable request for information from the regulator and/or law enforcement agencies.
- To be registered with the CSSF as CCO and MLRO based on an experience between 10 and 15 years preferably in an environment of a depositary bank for alternative and UCITS funds
- To be a trusted advisor to the business to help achieve good customer outcomes and positive regulatory relations.
- To maintain an independent mindset and effectively challenge where necessary to achieve a robust second line of defense.
- To provide leadership in relation to Compliance Monitoring Function.
- To advocate compliance, champion a positive compliance culture.
- Supervision of appropriate measures to ensure that MiFID as well as money laundering and the financing of terrorism risks are considered in the Firm’s day-to-day operations, including in relation to the development of new products; the taking-on of new customers, and changes in the Firm’s business profile.
- Building, and taking accountability for, the AML / CTF risk management program and the undertaking of regular AML / CTF risk assessments.
- Proactively identifying situations that may pose significant Compliance risk and guide management in the development / reviewing / updating of relevant policies, procedures, and business practices.
- Driving a Compliance review and analysis of new regulatory developments and maintaining oversight of developments impacting business activities.
- Participating and collaborating in Compliance advisory and integration projects as well as conducting Compliance assessments and define requirements as needed for the approval of business projects and initiatives such as new product development and changes to existing products.
- Preparing reports to Executive management and escalating any key or high-risk Compliance issues within the Firm’s existing governance structure.
- Oversee KYC/CDD and AML/CTF checks conducted by both outsourced and local compliance staff.
- Review potential/existing high-risk relationships and ensure the immediate investigation of