Compliance Officer

Falkerin Recruitment specializes in Legal & Compliance, Accountancy & Finance as well as Banking and Operational Services recruitment. We are also often mandated to assist in recruiting for Business Support roles such as HR, Personal Assistant, Receptionist or Administrative Officer positions. We work with leading financial institutions in Luxembourg. Our clients’ portfolio include major Service Providers, leading Fiduciaries, Management Companies, Real Estate Investments and global Private Equity Houses.

Please make sure to include Reference# of the position in question.

If the role is not in-line with your expectations but you would like to receive professional advice regarding your career, Luxembourg labour market or more information about other current job opportunities please contact us either by using one of the two electronic forms available on this website or by calling our Luxembourg office at**:T: +352 20 33 4240 or M: +352 691 728 795.**

Work place: Luxembourg

(Ref.# LCL888)

**Responsibilities**:

- Participate in the ongoing review of the internal policies and procedures
- Supporting and performing due diligences on clients and customers high risks
- Manage escalations received from the Onboarding team
- Complete testing sheets for each test carried out presenting the results in an organised and detailed way
- Evaluate testing carried out (as Satisfactory, Partially Satisfactory, to enable accurate reporting of control deficiencies
- Maintain accurate and up to date records of testing performed to include detailed results analysis
- Preparing on-site visits and support in drafting of concise high-quality due diligence reports
- Support and contribute to the preparation of client acceptance committees
- Participate in keeping updated the different compliance registers
- Participate in the ongoing compliance monitoring plan and work closely with colleagues on undertaking regular monitoring and testing
- Liaising with the business on identified findings
- Work closely with the business and internal stakeholders to ensure that all requirements pertaining to outsourcing are addressed
- Take responsibility for personal development, in line with agreed annual performance objectives
- Support Ad hoc projects, as required
- Develop its knowledge on the depositary area
- Ensure that the depositary activity is compliant with the applicable regulatory framework
- Work closely with and support colleagues on the production and provision of information
- Cooperate with internal and external audit, third parties and regulatory enquiries
- Address questions, concerns or issues from staff, internal clients or external parties
- Provide timely and appropriate reporting in relation to key risk information identified during testing

**Requirements**:

- Degree level or higher education with relevant financial services / regulatory experience in a Compliance environment or an AML environment
- A compliance/AML certification would be an asset
- Minimum 2 years Compliance or related Risk and control experience
- Proven experience in an AML department (e.g. 1st line of defence) or in an audit environment (Big4)
- Experience in the Luxembourg fund service sector is an asset
- A previous involvement in depositary activity is a bonus
- Understanding and knowledge of current industry legislation, regulation
- Solid understanding of working practices particularly in respect to regulatory matters
- Advanced Microsoft Office skills is a bonus
- Basic knowledge of depositary activities is a bonus
- Strong communication skills, both written and spoken (primary language English)
- Ability to write and analyse reports, identify failings
- Ability to operate effectively in a multi-disciplinary team and independently deliver high quality work
- Strong analytical and problem-solving skills
- Ability to multi-task and work to tight deadlines
- High ethical standards with the ability to handle sensitive and confidential matters with absolute discretion
- Ability to liaise and work with colleagues across various jurisdictions and in a diverse work environment
- Ability to liaise and communicate competently within a team in order to ensure the effectiveness of the Risk plan
- Ability to promptly and appropriately assess and escalate risks and/or failures of standards to be met, to management
- Good presentation skills
- Sense of loyalty and integrity
- Motivated, excellent team player
- A second European language is helpful but not essential (English is the language of the firm)
- Strategic thinker and responsible role model
- Self-starter, eager to improve with hands-on mentality
- Ease to synthesise complex matters
- Strong commitment to internal client service excellence
- Proactive and disciplined approach to work
- Progressive and takes responsibility for self-development
- Rigorous and results driven
- Desire to promote company’s policy of equal opportunities and diversity in the workplace
- Creating a working environment