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AML/CFT/Sanctions and Monitoring Compliance Officer

Eurobank Private Bank Luxembourg S.A.Neudorf, Luxembourg, Luxembourg
On-site Full-time

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Experience Level

Experience

Qualifications

To be successful in this role, candidates should possess:A strong understanding of AML/CFT/Sanctions regulations and compliance requirements. Prior experience in a compliance role within the banking or financial sector. Excellent analytical skills and attention to detail. Strong communication and interpersonal skills. Ability to work independently and collaboratively in a team environment. Relevant certifications in AML/CFT compliance are a plus.

About the job

Eurobank Private Bank Luxembourg S. A. is dedicated to delivering exceptional Private Banking, Wealth Management, and Investment services tailored for both corporate and private clients. To strengthen our Compliance department, we are in search of a highly skilled:

AML/CFT/Sanctions and Monitoring Compliance Officer (m/f/d)

As an integral member of the Compliance team, the AML/CFT/Sanctions and Monitoring Compliance Officer is vital in ensuring that the bank adheres to all regulatory requirements concerning AML, CFT, and Sanctions. This role is a crucial part of our internal control system (second line of defense) mandated by regulatory frameworks. You will report directly to the Head of Financial Crime (FC) and the Deputy Money Laundering Reporting Officer (MLRO), and provide support as needed to other compliance officers in this area.

Key Responsibilities:

  • Evaluate alerts generated by the transactional monitoring systems and real-time alerts from transaction filtering systems, alongside ongoing name screening of clients’ databases.
  • Assist in compiling and submitting information for the preparation of suspicious transaction reports to the local Financial Intelligence Unit (FIU), in compliance with local regulations, while supporting the Head of Financial Crime/Deputy MLRO.
  • Oversee Customer Risk Assessments during the onboarding of new clients and conduct annual assessments for higher-risk clients, ensuring thorough documentation during account openings.
  • Participate in reviewing higher-risk clients, including Politically Exposed Persons (PEPs), dormant accounts, and those under surveillance.
  • Stay informed on changes and developments in relevant legislation.
  • Contribute to the development of KYC and AML/CFT/Sanctions policies and procedures, aligned with regulatory requirements and Eurobank Group standards.
  • Conduct compliance controls on the activities of the first line of defense and verify adherence to AML/CFT/Sanctions obligations as the second line of defense.
  • Maintain continuous communication with various bank units to discuss AML/KYC/CFT implications of existing and new products and processes.
  • Ensure compliance with professional obligations applicable to branches and subsidiaries of the bank in Luxembourg and internationally, analyzing audit reports and compliance function summaries.

About Eurobank Private Bank Luxembourg S.A.

Eurobank Private Bank Luxembourg S. A. is a prestigious institution that excels in offering tailored Private Banking, Wealth Management, and Investment services to a diverse clientele, including both corporate and private sectors. Our commitment to compliance and regulatory standards is paramount, ensuring trust and reliability in our services.

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