Money Laundering Reporting Officer

Who we are looking for

Becoming part of the Financial Crimes Compliance team of State Street Bank International GmbH (SSBI) you will drive and shape the future of the firm’s policies, procedures, systems and controls to prevent and detect financial crime. The role sits within SSBI’s FCC function and the role holder will also have the regulatory responsibility in Luxembourg as the Money Laundering Reporting Officer (“MLRO”).

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization and will be a key contributor to the regional and global FCC program. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Money Laundering Reporting Officer (MLRO) for SSBI Luxembourg you will be accountable for overseeing the implementation and maintenance of effective global and local policies, procedures, systems and controls in accordance with the global and local laws, regulation and guidance to enable SSBI to identify, assess, monitor and manage money laundering and other financial crimes risks.

Specifically, you will:
- Provide advice and challenge to first line of defense in their creation, maintenance and development of effective systems, controls, policies, procedures and training in order that SSBI Luxembourg complies with Financial Crimes related regulatory and legal requirements- Ensure the design and execution of the SSBI business risk assessment is in line with local regulatory requirements and provides a holistic assessment of SSBI’s inherent financial crime risks and the effectiveness of the controls that have been implemented to manage those risks- Ensure that new, or amended regulatory obligations, industry guidance and best practice applicable to SSBI are appropriately assessed and reflected in its operating procedures and controls- Serve as primary contact with SSBI Luxembourg’s regulators and relevant authorities in respect of AML, KYC, sanctions, fraud and ABC risks and issues- Be the accountable person for (1) the receipt and evaluation of internal unusual activity referrals that might indicate financial crimes, and, (2) making external Suspicious Activity/Transaction Reports- Be a trusted advisor and technical expert to SSBI Luxembourg’s senior management and relevant functions on financial crime risks and emerging issues- Manage and motivate a team of FCC Officers and contribute to the SSBI FCC team- Take a leadership role in industry forums and collaborate with AML professionals outside State Street to address common challenges or changes in regulation

What we value

These skills will help you succeed in this role- Strong interpersonal, communication, project and people management skills- Proven ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines- Demonstrable problem solving and decision-making skills in particular when advising SSBI Luxembourg’s senior management on the financial crime risk and issues impacting SSBI’s business operations- Deep understanding of core financial crime risks, in particular money laundering, Know-Your-Customer (KYC) processes and economic sanctions as well as fraud and ABC-
- Strong written and verbal communication skills- Self-motivation and the ability to work independently together with different internal and external stakeholders- Strong leadership and organizational skills- Ability to multi-task and being responsible for different tasks / projects- Strong relationship management skills

Education & Preferred Qualifications- 10+ years of relevant industry experience in banking or financial services- University degree or equivalent, preferably with a legal or accountancy background, or significant prior experience as an MLRO or Financial Crimes Compliance leader- Expertise in core financial crime compliance risks (AML, KYC, Sanctions)- FCC certifications or trainings would be a benefit- Proficiency in English

We offer- Company Car Scheme- Car Parking- Disability (short term)- Discount Card/ Scheme (Sympass/Emresa)- Eye Care Benefit- Flu Vaccinations- Group Insurance - Assurance Dommages et RC Divers et Accidents- Group Pension Scheme- Gym Scheme - Preferential Rates- Holiday Entitlement- Medical Insurance Policy (Medicis/Le Foyer)- Voluntary additional Health Insurance - Preferential Rates- Meal Vouchers (Sodexo)- Preferred Banking Arrangements- Long Service Award- Employee Referral Award

Abo