Senior AML/KYC Officer

Funds Services

#CSCLuxembourg

#FullTime #Hybrid

 

As a Senior AML/KYC Officer, you will be responsible for ensuring that the organization complies with all relevant AML and KYC regulations and guidelines. You will play a critical role in identifying, assessing, and mitigating risks related to money laundering, terrorist financing, and other financial crimes. The role involves conducting thorough due diligence, advising on risk-related issues and protect the organization from regulatory penalties and reputational damage.

Key Responsibilities:

AML/KYC Compliance: Lead and manage the AML/KYC processes, ensuring compliance with Luxembourg and international regulations (e.g., CSSF, FATF). Oversee the investor onboarding process, ensuring that due diligence is carried out according to the CSC’s policies. Conduct due diligence on investors ( high risk and complex structures mainly).  Risk Management: Develop and implement risk-based approaches for AML/KYC. Escalate high-risk issues to senior management and recommend appropriate action. Policy and Procedure Development: Develop, update, and implement AML/KYC policies, procedures, and standards. Conduct regular reviews and updates of AML/KYC documentation. Awareness: Promote a culture of compliance within the CSC through regular communication. Regulatory Reporting and Liaison: Prepare and submit AML/KYC reports to clients, AIFM and RC.  Act as the point of contact for regulatory inquiries from external parties including clients.  Keep abreast of regulatory changes and ensure CSC compliance framework is updated accordingly.   Communication with Internal Stakeholders: Client Communication and Relationship Management: Act as the primary AML/KYC point of contact for internal stakeholders, including compliance, legal, …  Collaborate with internal departments to provide guidance and support on AML/KYC matters, ensuring that all relevant teams are informed of compliance requirements and changes. Facilitate effective communication between compliance and business units to ensure alignment on AML/KYC processes and risk management strategies. Serve as the primary AML/KYC contact for clients whose portfolios you oversee. Communicate directly with clients to gather necessary documentation, clarify requirements, and address any concerns related to AML/KYC compliance. Provide clients with clear explanations of the AML/KYC process, ensuring they understand their obligations and the importance of compliance. Build and maintain strong relationships with clients by offering a high level of service and responsiveness to their needs. Systems and Technology: Oversee the implementation and maintenance of AML/KYC systems and tools.

Qualifications:

Bachelor’s degree in Finance, Law, Business Administration, or a related field; a Master’s degree or professional certification (e.g., CAMS, ICA Diploma) is preferred. A minimum of 5 -7 years of experience in AML/KYC, compliance, or a related field, preferably in the financial services industry. In-depth knowledge of Luxembourg AML/KYC regulations and international standards (e.g., FATF, EU AML Directives). Strong analytical skills with the ability to assess complex structures and identify potential risks. Excellent communication skills, both written and verbal, in English; fluency in French, German, or Luxembourgish is an advantage. Proven ability to lead and manage a team, with strong organizational skills and attention to detail. Experience with AML/KYC software and tools.