Senior Compliance Officer – Corporate Banking
About the Role
Our client, an international Corporate Banking institution, is seeking a Senior Compliance Officer to
join its Compliance Department and operate within the Second Line of Defence (LOD2) framework.
Reporting directly to the Chief Compliance Officer, the successful candidate will play a key role in ensuring the Bank’s compliance with applicable regulatory requirements and internal policies. The position covers a broad range of compliance activities, including AML/CFT, sanctions, regulatory compliance, governance, compliance monitoring, advisory support, and regulatory change management.
This is a highly visible role requiring close interaction with the business, Risk, Legal, Operations, Internal Audit, and external regulatory stakeholders.
Key Responsibilities:
Regulatory Compliance & Advisory
- Act as a trusted Compliance advisor to business and support functions on regulatory and compliance matters.
- Provide second-line oversight and challenge regarding compliance risks across the Bank’s activities.
- Advise management and business units on applicable regulatory requirements, internal policies, and best practices.
- Monitor regulatory developments and assess their potential impact on the Bank’s operations and control framework.
- Contribute to the enhancement of the Bank’s compliance governance and risk management framework.AML/CFT, Sanctions & Financial Crime
- Perform Compliance activities related to the prevention of money laundering, terrorist financing, sanctions, market abuse, fraud prevention, and other financial crime risks.
- Review and challenge KYC onboarding and periodic review files from a second-line perspective.
- Conduct AML/CFT, sanctions, PEP, adverse media, and name screening reviews.
- Assess complex client structures, beneficial ownership arrangements, and high-riskrelationships.
- Support investigations related to unusual transactions, sanctions alerts, and suspiciousactivities.
- Provide guidance to the first line regarding AML/CFT requirements and regulatory expectations.Compliance Monitoring & Controls
- Execute control activities as defined in the annual Compliance Monitoring Plan.
- Assess the effectiveness of key compliance controls and identify areas for improvement.
- Document findings, recommendations, and remediation actions.
- Monitor the implementation of corrective actions and regulatory commitments.
- Contribute to Compliance risk assessments and thematic reviews.Regulatory Change & Projects
• Analyse new regulations, CSSF circulars, ECB expectations, EBA guidelines, and other relevant regulatory publications.
Assess their impact on the Bank’s processes, procedures, systems, and governance framework.
Participate in or co-lead regulatory and compliance transformation projects.
Support the implementation of new regulatory requirements and internal compliance initiatives.
Contribute to ESG-related compliance and regulatory assessments where applicable.Governance, Reporting & Stakeholder Management
- Prepare Compliance reports, management information, dashboards, and regulatory updates for Senior Management and Governance Committees.
- Support the Chief Compliance Officer in interactions with regulators, auditors, and external stakeholders.
- Contribute to the preparation of Board and Committee materials related to Compliance matters.
- Participate in the drafting and maintenance of Compliance policies, procedures, and controls.Legal, Documentation & Lending Support
- Provide Compliance input into contractual arrangements and legal documentation when required.
- Participate in the review and preparation of legal agreements and contractual documentation supporting business activities.
- Support loan administration processes from a Compliance and regulatory perspective, including reviews of financing documentation and transaction-related requirements.
- Assess legal and compliance risks associated with lending and corporate banking activities. Audit & Regulatory Inspections
- Act as a key contact for Internal Audit, External Audit, and regulatory inspections.
- Support audit missions and regulatory reviews by providing documentation, evidence, andremediation updates.
- Monitor and track audit findings and regulatory recommendations through to closure.Required Qualifications & Experience
- Master’s degree in Law, Compliance, Finance, Economics, Business Administration, or a related field.
- At least 7-10 years of relevant experience within Compliance, Financial Crime Compliance, Regulatory Compliance, or Legal & Compliance functions in a bank or financial institution.
- Strong understanding of:
o AML/CFT regulations;
o Sanctions frameworks;
o Corporate Banking activities;
o Compliance risk management;
o Regulatory governance and control frameworks.
Proven experience managing regulatory projects and interacting with regulators and auditors.
Solid knowledge of Luxembourg and European banking regulations, including CSSF, ECB, EBA, and applicable AML legislation.
Experience operating within a Second Line of Defence (LOD2) environment.