EMEA Financial Crime Compliance

About this role

About this Role

BlackRock Luxembourg’s Financial Crime Compliance function is committed to protecting the firm’s reputation and ensuring the highest standards of regulatory compliance. We are seeking a motivated and experienced Associate to join our Financial Crime Compliance team in Luxembourg. This role will support the Head of Luxembourg Financial Crime Compliance and Money Laundering Reporting Officer (MLRO) for the coverage of the retail (UCITS) Luxembourg domiciled funds, in managing the firm’s AML/CTF framework, with a particular focus on high-risk client escalations, oversight of delegated AML functions, and advisory support to the business.

Key Responsibilities

• Act as a point of contact for financial crime queries related to complex transactions and high-risk client onboardings, including PEPs and other heightened risk factors, as well as sanctions.
• Review all high-risk investor escalations from the Transfer Agent and assist with the internal approval process
•  Assist with the investigation and filing of suspicious activity/transactions in line with internal procedures and CSSF requirements.
• Support the implementation and maintenance of the AML/CTF monitoring and testing program, with a focus on Luxembourg Transfer Agents and other relevant delegates.
• Perform AML-CTF risk assessments for Luxembourg Management Companies and associated-domiciled funds, incorporating BlackRock’s global methodology and local regulatory requirements.
• Assist in the development and maintenance of country and fund-specific financial crime policies and procedures as necessary.
• Provide technical advice and training to internal senior stakeholders on AML, sanctions, fraud, and anti-bribery and corruption risks.
• Prepare management information and regulatory reports and assist with local audit requests
• Partner with business and operational teams to ensure compliance with Luxembourg AML/CTF laws and CSSF circulars.
• Build and maintain strong relationships with internal teams and external service providers, including Transfer Agents and auditors.

Qualifications

• Bachelor’s degree in Finance, Law, Business, or a related field.
• 2–4 years of experience in AML/CTF or financial crime compliance within financial services.
• Very good knowledge of the Luxembourg fund industry and understanding of Transfer Agent activity.
• Excellent knowledge of local anti-money laundering laws rules and regulations in particular circulars and laws issued by the CSSF as relates to AML/CFT e.g. CSSF Regulation 12-02, AML Law of 12 November 2004, 4th and 5th AML Directive and subsequent changes
• Experience in conducting AML risk assessments, monitoring, and testing/oversight of AML delegates.
• Ability to work under pressure, manage competing priorities, and deliver to tight deadlines.
• Strong analytical, communication, and stakeholder‑management skills.
• Fluent in English. Any other language will be appreciated. Preferred Experience

• Professional certifications such as CAMS, ICA, or equivalent.
• Familiarity with sanctions screening, anti-fraud, and anti-bribery programs.

Development Value

This role offers the opportunity to contribute to the evolution of BlackRock’s financial crime compliance program in Luxembourg, engage with senior stakeholders across the firm, and gain exposure to global compliance practices in a dynamic and growing business environment.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.