Financial Crime Compliance Analyst

About Utmost International
Utmost International is a leading provider of insurance-based wealth solutions operating across the UK, Europe, Latin America, Asia, and the Middle East. Its' solutions are largely based on unit-linked insurance policies, serving the needs of affluent, high net worth (HNW), and ultra-high net worth (UHNW) individuals.

On a proforma basis at HY 2024, Utmost International manages £103.5bn of assets under administration on behalf of approximately 200,000 policyholders.

About Utmost Luxembourg S.A.
Sitting at the crossroads of private banking, asset management, and insurance, we operate in a well-established and fast-growing division of the financial services industry. Our dynamic international team of 450+ experienced wealth structuring specialists, subject-matter and technical experts consists of 50 different nationalities, speaking over 30 languages.

We are a diverse and inclusive organisation driven by a values-based culture that promotes excellence, ambition, and innovation. We invest in talented teams who develop their expertise, curated through support and training, and fostered through a people centred culture. Our people truly are our greatest asset

Your role – Are you ready for a challenge?

You will work as a member of the Compliance team with a specific focus on performing and executing the Periodic Review process as part of a dedicated team.

Your Responsibilities Will Be As Follows

• Conducting periodic and event driven Enhanced Due Diligence reviews by assessing and analysing existing documentation, ascertain whether further and or new supporting documents are required particularly with regards to source of wealth / source of funds and tax regulations;
• Performing and documenting risk assessment screening for all related parties, including PEP/sanctions and adverse media;
• In the role of Specialist: Identifying missing or outdated client information by performing 4 eyes check/quality assurance review to ensure all information on the policy is accurately reflected in the profile. This includes providing feedback to 1st reviewer;
• Contributing to the implementation of the Periodic Review/Remediation and advice on improvements that can be made in due course to the process;
• Performing AML and CTF investigations;
• Assisting in the preparation of suspicious transactions review and reporting;
• Supporting the Transaction Team in applying Enhanced Due Diligence during peak periods and submit High Risk assessments in a timely manner, if needed;
• Acting as point of contact for the first line of defense in regards to anti financial crime related matters and ensuring the team is taking actions in collecting the necessary documentation;
• Working on close and continuous collaboration with other team members and stakeholders to achieve joint objective.

Your profile – Have you got what it takes to become our Financial Crime Compliance Analyst?

• A minimum first experience in a Compliance/AML or Audit function, preferably in the banking or insurance sector is required;
• Knowledge of the Luxembourg AML laws, rules and regulations, or of another EU Member state would be a strong asset;
• Proactive, flexible and able to work in a fast paced, demanding environment;
• Rigorous and detail oriented;
• Fluent in English; any other European language will be considered a strong asset;
• Enthusiastic team player and self-motivated;
• Good analytical skills with a high degree of initiative, planning and organisational skills;
• Ability to balance legal requirements with the commercial aspects of the business.

As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to gender, colour, religion, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Given the sensitive nature of our business, industry sector and the role as described, the selected candidate is required to provide a criminal record (Bulletin n°3 for Luxembourgish residents). This excerpt will be kept by Utmost Luxembourg S.A. in compliance with article of the law of 23 July 2016 and for no longer than one month from the conclusion of the employment contract; otherwise, it will be destroyed without any undue delay should the candidate not be hired.
Utmost Luxembourg S.A. is aware of its obligations under the General Data Protection Regulation (GDPR) and is committed to processing your data securely and transparently.
Our Recruitment Privacy Notice is in line with GDPR and provides more information with regards to the types of data that we collect and hold on you as a job applicant, including for the performance of Background Checks. It also sets out how we use that information, how long we keep it for and other relevant information about your data. For full details please click here Recruitment Privacy Statement
#utmost