Head of Financial Crime Prevention to Seb Luxembourg

**About SEB**

SEB is a leading international financial services group with both private individuals, organisations corporate and institutional customers. We are recognised for our expertise and customer-centric approach, which we achieve by listening to our customers, committing to quality and trust, and encouraging an entrepreneurial mindset in everything we do.

SEB Luxembourg Branch serves as the hub for Private Wealth Management & Family Office (PWM&FO) services to Nordic nationals living abroad. It is also the base for many of SEB’s funds and offers global custody and related depositary services to financial institutions. We are around 150 employees with more than 20 different nationalities.

The PWM&FO division has an extensive growth plan for the coming years, where the aim is to further integrate and develop our Luxembourg operations into an international Wealth Management and Family Office hub in the shape of a leading client coverage and cross-border competence unit. The Luxembourg client base and concept builds on the divisional client behaviour approach with a specific focus on UHNW individuals and owner families, Entrepreneurs, Executives & Professionals, and Traditional Private Wealth in addition to tailored Professional Family Office services.

The purpose of SEB Luxembourg Branch is to deliver world-class services and value creation advisory to our home market clients investing and/or residing abroad.

Are you an experienced leader with an unquestionable passion for Financial Crime Prevention? Join our company

**About the role**

Financial Crime Prevention (“FCP”) is a relatively new first line of defence function within SEB, and the role in Luxembourg is a new role to set-up the (small) department onsite.

You will be part of both the Luxembourg Branch as well as the Group Financial Crime Prevention unit which is responsible for the group-wide global management of the work against financial crime, processes, and the bank's overall goals in financial crime prevention.

To set-up the FCP unit we are looking to recruit a new Head of Financial Crime Prevention.

You will be reporting locally to the Luxembourg CFO/COO, and functionally to the Head of FCP International in Stockholm, and your main responsibilities will include the following:

- Establish the FCP function locally, including implementing and maintaining the FCP operating model
- Implement global FCP projects locally, together with the business and local compliance
- Be the owner of the local audit points related to FCP Luxembourg
- Cooperate closely with local MLRO (Head of Compliance) regarding local Financial Services Authority interaction relating to financial crime and any related investigations
- Ensure regular communication and updates to the local stakeholders related to global financial crime instructions, and where needed support implementation of local instructions within the business
- Represent FCP in local SEB forums and ensure communication internally
- Report on local financial crime related matters and KPI/KRIs to Group FCP and local management
- Support business wide risk assessments and support local coordination for management
- Support in global Transaction Monitoring (TM) process - input on local requirements related to scenarios, efficiency, local risks etc.
- Ensure that local investigations of TM, Suspicious Activity Reporting, sanctions, fraud and market abuse cases are conducted in accordance with SEB standards
- Investigations of Level 2 alerts within TM, and where applicable for sanctions and fraud cases
- Support and prepare suspicious activity/transaction reporting
- Establish SLAs and information sharing agreements for the site
- Develop local financial crime training programs to be delivered by FCP, with the support of the Group FCP Training team
- Coordinate and raise development needs from a site perspective to global product owners on SEB Group level
- Work closely with local stakeholders to drive and implement the financial crime agenda
- Support process teams and risk managers to address financial crime related quality gaps and risks at the site

This position gives you the opportunity to set up this new unit within SEB Luxembourg Branch and cooperate with both Risk and Compliance as well as Business colleagues to achieve SEB’s results in Luxembourg.

**What we are looking for**
- Several years of working experience in a Risk, AML or Compliance role, ideally within the banking sector or Big4
- A degree from a university or a business school
- An ACAMS or ICA or AML/Compliance certification is considered an advantage
- In-depth knowledge of Financial Crime Prevention regulations and best practices relevant to the banking/finance sector
- Strong analytical skills with the ability to articulate issues, formulate and present recommendations effectively
- An effective, action-oriented mindset with a proactive approach to taking initiatives
- Ability to work independently and collaboratively