【LUX】AML/KYC Compliance Trainee

Reporting to: Chief Compliance Officer Employment Type: Traineeship / Internship Start Date: ASAP LianLian Europe S.
A. is seeking a motivated and detail-oriented AML/KYC Compliance Trainee to join its Compliance team. This traineeship offers practical exposure to anti-money laundering and counter-terrorist financing (AML/CFT), customer due diligence (CDD), know-your-customer (KYC) controls, sanctions compliance, and ongoing monitoring within a regulated financial-services environment. Working under the supervision of experienced Compliance professionals, the trainee will support the review and maintenance of customer files, conduct initial screening and research, assist with transaction-monitoring activities, and contribute to the effective operation of the company’s compliance framework. The position is particularly suited to a student or recent graduate seeking to build a career in Compliance, AML/CFT, financial crime prevention, payments, or fintech.

Key Responsibilities
Customer Due Diligence and KYC
• Support the collection, review, and organisation of KYC documentation for individual and corporate customers.
• Check customer files for completeness, accuracy, consistency, andvalidity.
• Assist in identifying and documenting customers, authorised representatives, directors, shareholders, and ultimate beneficial owners.
• Conduct initial risk-related research on customers, business activities, ownership structures, and relevant jurisdictions.
• Support periodic reviews and event-driven updates of existing customer files.
• Follow up internally on missing, expired, or incomplete documents. Screening and Financial Crime Controls
• Perform or support screening for sanctions, politically exposed persons (PEPs), adverse media, and other relevant risk indicators.
• Conduct an initial assessment of potential screening matches and prepare findings for review by a Compliance Officer.
• Escalate unusual information, inconsistencies, or potential red flags promptly and in accordance with internal procedures.
• Assist with documenting the rationale and evidence supporting the resolution of screening alerts. Transaction Monitoring and Ongoing Monitoring
• Support the preliminary review of transaction-monitoring alerts under the guidance of the Compliance team.
• Compare customer activity with the expected business profile and identify potential deviations.
• Help collect and organise supporting documents such as invoices, contracts, bank statements, or source-of-funds information.
• Assist with preparing clear case notes and maintaining complete audit trails.
• Refer potentially unusual or suspicious activity to an authorised Compliance Officer or the MLRO; the trainee will not make final decisions on alert closure or regulatory reporting. Compliance Administration and Reporting
• Maintain accurate and well-organised compliance records, trackers, and internal databases.
• Assist with the preparation of management information, statistics, and periodic compliance reports.
• Support the review and updating of AML/KYC procedures, checklists, templates, and training materials.
• Help prepare documentation requested for audits, regulatory reviews, or internal control testing.
• Monitor relevant regulatory developments and prepare short research summaries when requested.
• Participate in Compliance team meetings, training sessions, and improvement initiatives. Candidate Profile Education
• Recently completed, a degree in Law, Finance, Economics, Business Administration, Criminology, Political Science, or a related field.
• A demonstrated interest in AML/CFT, Compliance, financial regulation, payments, banking, or fintech is desirable. Skills and Competencies
• Eager to learn
• Strong attention to detail and a structured, methodical approach to work.
• Good analytical and research skills, with the ability to identify inconsistencies and summarise findings clearly.
• High level of integrity, discretion, and respect for confidential information.
• Clear written and verbal communication skills.
• Ability to follow procedures, meet deadlines, and escalate concerns appropriately.
• Comfortable working independently on assigned tasks while collaborating within a team.
• Good knowledge of Microsoft Office, particularly Excel, Word PowerPoint, and Outlook.
• Previous exposure to KYC, AML, sanctions, financial crime, or financial services is an advantage but not required. Languages
• Fluency in English is required.
• Knowledge of Mandarin Chinese would be an asset.
• Knowledge of any other languages such as French, German, Luxembourgish, Italian, or another relevant language is an advantage. Learning Opportunities The successful candidate will gain practical experience in:
• Customer onboarding and risk-based due diligence.
• Corporate ownership and beneficial-ownership analysis.
• Sanctions, PEP, and adverse-media screening.
• Transaction monitoring and financial-crime risk indicators.
• Regulatory expectations applicable to financial institutions in Luxembourg and the European Union.
• Compliance governance, recordkeeping, audit trails, and regulatory reporting processes.
• The use of compliance and customer-monitoring systems.

What We Offer
• Hands-on experience within a regulated and international financial-services environment.
• Structured supervision and mentoring from experienced Compliance professionals.
• Exposure to real-world AML/KYC cases, controls, and regulatory requirements.
• A collaborative, multicultural workplace.
• The opportunity to develop practical skills and build a strong foundation for a career in Compliance.