Financial Crime Compliance Specialist

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  • Luxemburg
  • Unbefristet
  • Vollzeit
  • 6 Tage her
Purpose of the JobQuintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. We are a bank headquartered in Luxembourg with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.The Financial Crime Compliance ("FCC") Specialist (the 'role holder' or Specialist) is a subject matter expert within the Luxembourg FCC team. The principle role is supporting the Luxembourg Head of Compliance in ensuring that the team delivers high quality compliance advice to colleagues across all Luxembourg functions in the areas of: Anti-Money Laundering ("AML"), Counter Terrorism Financing ("CFT"), Fraud, Anti-Bribery & Corruption, Sanctions and Tax Evasion. The role holder hierarchically reports to the Luxembourg Head of Compliance, and has a functional reporting line to Head of Group Financial Crime Compliance, thus working closely with other EU and UK Financial Crime Advisers to ensure the successful delivery of the Compliance function' strategy.Key Accountabilities
  • Risk Stewardship and Compliance: Act as the escalation and primary advisor on FCC related matters for stakeholders in Luxembourg. Advise the second line, first line and business process owners on appropriate steps and approaches to be taken to ensure that systems and processes which support implementation are aligned to the standard/procedural requirements and control the identified risks.
  • Risk Assessment and Management: support the local Head of Compliance and where required Head of Group Financial Crime Compliance in conducting risk assessments to identify and mitigate FCC-related risks, ensuring that effective controls and due diligence practices are in place across all applicable countries.
  • Policy Development and Implementation: support the local Head of Compliance and where required Head of Group Financial Crime Compliance in drafting and reviewing locally related FCC related appendices to group policies/desktop guides/manuals, procedures, and training materials to ensure alignment with local regulatory requirements.
  • High risk client review / client investigation / escalated Level 3 alerts / SAR, STR reporting: support the local Head of Compliance and where relevant Head of Group Financial Crime Compliance in high risk client file review, client investigation and escalated level 3 alerts by 1LOD or escalated to relevant 2LOD stakeholders in a timely manner.
  • KYT and Transaction Monitoring: support the local Head of Compliance and where required Head of Group Financial Crime Compliance in overseeing the sanctions screening process for KYT/Ex Post Transaction Monitoring ensuring that potential AML/CFT risks/issues are escalated and managed appropriately. Provide advice on Ex Post Transaction Monitoring system calibrations and rule management.
  • Investigation and Reporting: support the local Head of Compliance and where required Head of Group Financial Crime Compliance in overseeing FCC-related investigations, and drafting SAR/STR reports, and conducting root-cause analysis for any identified breaches or issues.
  • Cross-Functional Collaboration: Partner with legal, compliance teams (such as the Compliance Monitoring Team, L&D team, RC & Cross Border team), risk, and business functions to integrate sanctions controls into wider FCC frameworks, adapting strategies to accommodate country-specific needs.
  • Stakeholder Engagement: support local Head of Compliance and where relevant Compliance' senior leadership team in interaction with in their interactions with Luxembourg regulators, and where appropriate assisting Quintet's Compliance seniorship leader team/local Heads of Compliance in their interactions with [EU/UK] regulators, by gathering the relevant information and assisting in the drafting of responses in a timely manner.
  • Regulatory change: Identifying new relevant initiatives from the CSSF and other [EU/UK] regulators, and carrying out regulatory and policy impact analyses.
  • Culture: The role holder must carry out all duties in strict accordance with Quintet's Code of Conduct and act as its ambassador at all times. As any other member of the Compliance function, the role holder will foster a positive culture of compliance across Luxembourg and Quintet.
Knowledge and Experience
  • More than 5 years experience in a similar role
  • Higher Education (University / Bachelor)
Attributes and Qualities
  • Communication (Verbal & Written)
  • Critical Thinking & Problem Solving
  • Time Management
  • Results Orientation
  • Collaborative Teamwork
Technical Skills
  • Good working knowledge of the Luxembourg FCC (AML/CFT/Fraud/Bribery&Corruption/Tax Evasion) regulatory environment including Suspicious Activity/Transaction Reporting. Ability to interpret rules and regulations and communicate the requirements clearly and effectively to a diverse range of stakeholders.
  • Experience of drawing up and maintaining policies on regulatory requirements, associated controls and Risk Assessments.
  • Solid understanding of Private Banking business and Asset Servicing business models in all states of evolution including applicable regulatory requirements and operational processes.
  • Good understanding of technical aspects of monitoring & screening systems relevant to Financial Crime Compliance (Name Screening, Transaction Screening, Ex Post Transaction Monitoring, Securities Screening) and associated controls.
  • Proven relevant experience in an Tier 1 private bank/ wealth or asset manager/ regulator/ legal or professional services firm.
Languages Skills
  • Fluent in English

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