Financial Crime Compliance

Financial Crime Compliance **About this role** BlackRock's Global Compliance Department protects BlackRock's reputation and provides advice to the business focused on ensuring the protection of our client's best interests. The department is a dynamic environment with the team focused on understanding evolving business strategy, challenging and advising on the impact of regulation in our business, with the objective of: - Actively participating in business decisions to champion our clients' interests and assist the business in translating Compliance into their daily work and decision making; - Putting client interests at the center of everything we do; - Cultivating and enhancing BlackRock's compliance culture; - Providing thought leadership on the impact and implementation of regulation to our business and to the market; and - Developing and fostering excellence within the Compliance team **Role Description**: An exciting opportunity has arisen for an Associate to join our team, based in Luxembourg, reporting to the MLROs for alternative investments funds in Luxembourg. The individual in this role will advise on financial crime risks, including money laundering and terrorist financing, sanctions, bribery and corruption and fraud with main focus on BlackRock's alternative investments business in Luxembourg. Subject matter expertise in Luxembourg and EU Financial Crime law and regulation is essential. **Key Responsibilities**: - Aid to enhance the financial crime risk management framework in Luxembourg, with particular focus on the alternative investment business, in relation to managing the risks of money laundering sanctions, fraud and bribery and corruption ("the four risks") in Luxembourg, including writing and maintaining country and fund specific policies and procedures and undertaking relevant risk assessments; - Coordinate with the Financial Crime colleagues as necessary on the risk framework priorities and assist in the oversight of required regulatory change management processes. - Ensure completion of annual AML Risk Assessments related to the Luxembourg domiciled alternative funds, in line with BlackRock's Global methodology and incorporating any additional Luxembourg or business specific aspects. - Support relevant audits, regulatory visits and examinations for financial crime in Luxembourg generally and in particular in relation to the relevant alternative investment funds. - Produce regular management information for the consideration by the relevant members of Financial Crime Compliance and boards and committees, including structured quarterly reporting and appropriate annual reports on the four risks. - Provide clear technical advice, guidance and training on all four risk areas to relevant members of the business both in Luxembourg and where relevant beyond. - Assist in the establishment and maintenance of a monitoring program in Luxembourg, which provides ongoing review and monitoring of the financial crime risks associated with Transfer Agents and distribution partners, with particular focus on the alternative investment funds. - Alongside other team-members provide a point of contact for financial crime queries related to complex transactions and high-risk client onboardings, especially where related to the alternative investment funds. - As required provide advice in relation to PEPs and other heightened risk factors encountered during onboarding. - Partner with Legal to assist in Fund oversight and compliance with requirements relevant to the four risks. - Ensure the active identification, response and/or escalation of risks as appropriate. - Assist with the preparation and presentation ad-hoc and regular reports to fund boards and senior management, as well for the EMEA and Global Heads of Financial Crime and other senior members of Legal and Compliance. - Form strong relationships with key individuals within the business, compliance and operations and external service providers. **Development Value**: **Knowledge/Experience**: - 3+ years of experience in Financial Crime Compliance risk management at a financial institution or consulting firm; experience working as Financial Crime specialist within asset management and specifically Alternative investment funds is preferable but is not essential. - Strong knowledge of Luxembourg Financial Crime regulations, financial services, and regulatory trends that impact the Asset Management industry, its products and/or its underlying institutional and corporate client base. - Experience of policy and procedure writing and be confident in performing risk assessments and undertaking monitoring and testing. - A strong understanding of the requirements of a Luxembourg AML program and EU regulatory requirements, and the role of transfer agents, distributors and other third parties is necessary. - Strong working knowledge of Luxembourg AML and Sanctions laws and regulations such as the Law of 12 of November 2004 as amended, the CSSF 12-02 as a