Compliance Advisor

BIL is a leading player in Luxembourg’s financial market. Founded in 1856 as the country’s first bank, BIL has contributed significantly to the development of Luxembourg’s social and economic landscape. Today, BIL operates across digital banking, wealth management and corporate finance, supporting individuals, entrepreneurs, businesses, and both private and institutional investors. Headquartered in Luxembourg, BIL employs more than 1,800 people and maintains a presence in key financial centers including Luxembourg, Switzerland, France and China. As a major player in Luxembourg’s finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.

We are seeking a highly motivated and detail-oriented Compliance Officer - Framework & Monitoring to join our Compliance team. The successful candidate will play a key role in maintaining and enhancing the Bank's compliance framework, with a particular focus on the oversight and monitoring of FATCA and Common Reporting Standard (CRS) obligations.

As a second-line-of-defense function, you will be responsible for assessing the effectiveness of first-line controls, monitoring regulatory compliance, identifying risks, and supporting the ongoing development of governance and control frameworks related to tax transparency regulations.

Your next challenge:

Compliance Framework & Governance

• Contribute to the development, maintenance and enhancement of the Compliance Framework in line with regulatory requirements and industry best practices.
  
• Draft, review and update policies, procedures and control standards related to FATCA, CRS and tax transparency obligations.
  
• Support the implementation of new regulatory requirements and compliance initiatives.
  
• Provide day-to-day guidance on compliance topics in collaboration with Tax department, Tax Operations, KYC Office and/or Legal teams.

Monitoring & Second-Line Controls

• Design and execute second-line compliance monitoring and testing activities on FATCA/CRS and other AML processes.
  
• Assess the effectiveness of first-line controls covering client onboarding, due diligence, classification, documentation, remediation and reporting obligations.
  
• Analyse control results and provide recommendations to strengthen the control environment
  
• Monitor corrective action plans and ensure timely remediation of identified issues.

Your skills: 

• University degree in Law, Finance, Business Administration, Economics or a related field.
  
• Minimum 3 to 5 years of experience in Compliance, Regulatory Risk, Internal Control or Audit within the financial services industry.
  
• Good knowledge of FATCA/CRS and AML regulations and their practical implementation within banking or financial institutions.
• Experience conducting compliance monitoring reviews, control testing or second-line oversight activities.
  
• Familiarity with client due diligence, tax classification and regulatory reporting processes.
• Strong analytical and investigative skills.
  
• Strong organizational and planning skills, with the ability to manage multiple priorities, coordinate stakeholders, and ensure timely delivery of monitoring activities and regulatory commitments.
  
• Excellent attention to detail and ability to assess complex regulatory requirements.
  
• Ability to challenge constructively and influence stakeholders across different levels of the organization.
  
• Strong written and verbal communication skills in English and French.
  Proficiency in Microsoft Office applications.
  
• Knowledge of Luxembourg regulatory environment would be considered an advantage.
  

BIL offers a broad range of challenging projects and a huge choice of career paths .We will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.

NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.