Ref: MI45388
Section Head of KYC
| Sector | Finance(Banking/Securities/Insurance) |
|---|---|
| Type | Full-time, Permanent |
| Location | Luxemburg |
| Salary (Annual) | €80,000 - 100,000 / Year |
In this role you will be responsible for strengthening the Custody Section within the Custody & Securities Agency Business Department.
The ideal candidate should have at least 5 years of relevant professional experience in AML/KYC in Luxembourg, preferably the banking industry.
Understanding of Japanese culture and some Japanese skill would be advantageous.
MI45388
TYPE: Permanent, full-time
WORKING HOURS: 9:00-17:00 from Monday to Friday
SALARY: €80-100K depending on experience, plus good benefits
START: ASAP
LOCATION: Luxembourg (They offer a hybrid working environment)
VISA: The company can provide visa support for the right candidate
Section Head of KYC Main Responsibilities:
• Act as the main person in charge of KYC and KYT activities of the Bank (first line of defence)
• Conduct due diligences on new clients and regular/ad-hoc due diligences on existing clients of the Bank and prepare (or validate) KYC files for internal approval
• In case of any new High-Risk Client, prepare and manage the Client Acceptance Committee
• Perform on a daily basis ex-post Transaction Monitoring controls and automated Name Screening controls (together with KYC Team members) using TransWatch 2 tool and report internally any suspicious transaction to the Compliance Department upon detection
• Perform on a daily basis ex-ante Transaction Screening controls (together with KYC Team) using TSS tool and ensure timely escalation in case of positive hit against any sanctioned entity or individual to the Compliance Department and the Authorized Management
• Update all procedures of the KYC Team at least on an annual basis
• Take the lead on AML-related queries from external auditors, internal control functions and Management Company
• Communicate frequently with Compliance Department of the Bank (including the Chief Compliance Officer) and perform regular reporting to Compliance Department on AML/CFT matters
• Be in charge of FATCA/CRS Annual reporting to Tax authorities
• Allocate adequately tasks, define duties and objectives, manage the overall workload of the • KYC Team, ensure continuous on-the-job training and carry out Yearly Evaluations of the KYC Team members
Section Head of KYC Ideal Candidate:
• Degree (at least Bac +3) in Law or Business administration or Finance or Economy
• At least 5 years of relevant professional experience in AML/KYC in Luxembourg, preferably the banking industry
• Strong KYC know-know including Enhanced Due Diligences and PEPs
• Robust knowledge of AML laws & regulations, FATCA/CRS and MiFiD
• Knowledge about Fund Business (Lux and Cayman Funds), Custody and Securities Agency Business is a key asset
• Strong knowledge of Banking operations and financial instruments
• Familiar with Swift messages (notably cash and securities transactions)
• A relevant professional qualification (such as ACAMS) is an advantage but it not mandatory
• English is mandatory
• Japanese or French will be considered as an advantage (not mandatory)
• Microsoft Suite, Excel, Outlook and PowerPoint) with preferably an Advanced level in Excel (formulas and pivot tables)
• World-Check (or similar name screening tool)
• TransWatch 2.0 is an advantage but is not mandatory
• Transaction Screening Solution (“TSS”) is an advantage but is not mandatory
• Excellent communication skills
• Analytical and investigation skills
• Client oriented
• Intellectually curious and quick learner
• Team player
Benefits
• Excellent work-life balance
• Harmonious and stable working environment
• Positive and inclusive environment
• Training and career development
• Wide range of fringe benefits (lunch vouchers, pension scheme, etc.)
• Free parking near the Bank
TYPE: Permanent, full-time
WORKING HOURS: 9:00-17:00 from Monday to Friday
SALARY: €80-100K depending on experience, plus good benefits
START: ASAP
LOCATION: Luxembourg (They offer a hybrid working environment)
VISA: The company can provide visa support for the right candidate
Section Head of KYC Main Responsibilities:
• Act as the main person in charge of KYC and KYT activities of the Bank (first line of defence)
• Conduct due diligences on new clients and regular/ad-hoc due diligences on existing clients of the Bank and prepare (or validate) KYC files for internal approval
• In case of any new High-Risk Client, prepare and manage the Client Acceptance Committee
• Perform on a daily basis ex-post Transaction Monitoring controls and automated Name Screening controls (together with KYC Team members) using TransWatch 2 tool and report internally any suspicious transaction to the Compliance Department upon detection
• Perform on a daily basis ex-ante Transaction Screening controls (together with KYC Team) using TSS tool and ensure timely escalation in case of positive hit against any sanctioned entity or individual to the Compliance Department and the Authorized Management
• Update all procedures of the KYC Team at least on an annual basis
• Take the lead on AML-related queries from external auditors, internal control functions and Management Company
• Communicate frequently with Compliance Department of the Bank (including the Chief Compliance Officer) and perform regular reporting to Compliance Department on AML/CFT matters
• Be in charge of FATCA/CRS Annual reporting to Tax authorities
• Allocate adequately tasks, define duties and objectives, manage the overall workload of the • KYC Team, ensure continuous on-the-job training and carry out Yearly Evaluations of the KYC Team members
Section Head of KYC Ideal Candidate:
• Degree (at least Bac +3) in Law or Business administration or Finance or Economy
• At least 5 years of relevant professional experience in AML/KYC in Luxembourg, preferably the banking industry
• Strong KYC know-know including Enhanced Due Diligences and PEPs
• Robust knowledge of AML laws & regulations, FATCA/CRS and MiFiD
• Knowledge about Fund Business (Lux and Cayman Funds), Custody and Securities Agency Business is a key asset
• Strong knowledge of Banking operations and financial instruments
• Familiar with Swift messages (notably cash and securities transactions)
• A relevant professional qualification (such as ACAMS) is an advantage but it not mandatory
• English is mandatory
• Japanese or French will be considered as an advantage (not mandatory)
• Microsoft Suite, Excel, Outlook and PowerPoint) with preferably an Advanced level in Excel (formulas and pivot tables)
• World-Check (or similar name screening tool)
• TransWatch 2.0 is an advantage but is not mandatory
• Transaction Screening Solution (“TSS”) is an advantage but is not mandatory
• Excellent communication skills
• Analytical and investigation skills
• Client oriented
• Intellectually curious and quick learner
• Team player
Benefits
• Excellent work-life balance
• Harmonious and stable working environment
• Positive and inclusive environment
• Training and career development
• Wide range of fringe benefits (lunch vouchers, pension scheme, etc.)
• Free parking near the Bank
Updated: 134 days ago
Ref: MI45388