Financial Crime World

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Luxembourg’s Compliance Officer Responsibilities: A Crucial Role in Ensuring Regulatory Compliance

In a rapidly changing regulatory landscape, companies operating in Luxembourg are increasingly recognizing the importance of having a dedicated compliance officer to oversee their internal compliance programs. As a Senior Compliance Officer at EY, you will play a pivotal role in ensuring that your organization adheres to the rules and regulations set by regulatory agencies, such as the Commission de Surveillance du Secteur Financier (CSSF).

Key Responsibilities

  • Risk Management: Develop, implement, and maintain an effective compliance program that identifies and mitigates potential risks associated with the company’s current and future business activities.
  • Monitoring Compliance: Conduct regular risk assessments, monitor adherence to internal policies and procedures, and provide advisory services to senior management on compliance matters.

Other key responsibilities include:

  • Compliance Risk Identification: Identify and evaluate compliance risks related to the company’s activities
  • Laws and Regulations Management: Maintain an inventory of essential laws and regulations relevant to the company’s operations
  • Customer Compliance Information Centralization: Centralize information related to customer compliance, breaches of regulations, or conflicts of interest
  • Staff Guidelines and Training: Establish written guidelines for staff members and disseminate them throughout the organization; provide training and awareness programs on compliance matters
  • Reporting Suspicious Transactions: Report suspicious transactions to the Financial Intelligence Unit (FIU) or other relevant external bodies
  • KYC Due Diligence Verification: Verify and supervise Know-Your-Customer (KYC) due diligence checks

Requirements for Success

To be successful in this role, you will need:

  • A University Degree in Law, Finance, Economics, or an equivalent field
  • 5-7 years of experience in a similar working environment and compliance function in Luxembourg
  • Recognized expertise in Luxembourg’s AML/CTF laws and regulations

In addition to technical skills, we are looking for individuals with:

  • Excellent interpersonal and communication skills
  • Ability to build and lead teams
  • Dynamic and solution-oriented mindset

Benefits of Working at EY

As an EY employee, you will enjoy a range of benefits, including:

  • Continuous learning opportunities
  • Flexible work arrangements
  • Diverse and inclusive culture

If you believe you have the skills and experience required to excel in this role, we encourage you to apply now.