Senior Compliance Officer - AML/CFT and Sanctions specialist
Published on 23/11/2024
Bank Pictet & Cie (Europe) AG, succursale de Luxembourg
Pictet is an investment-led service company, offering wealth management, asset management and related services.
We are an independent investment partnership known for our long-term mindset, responsible approach to business and entrepreneurial spirit. These principles have defined us since 1805. For our clients, colleagues, and wider society, we always aim to do the right thing and honour our commitment to enduring quality.
With more than CHF 686 billion in assets under management or custody as of December 31st 2023, Pictet is today one of the leading Europe-based independent wealth and asset managers.
The Group is headquartered in Geneva, where its activities began, and employs more than 5000 employees. With 30 offices, it is also present in Amsterdam, Basel, Barcelona, Brussels, Dubai, Frankfurt, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel-Aviv, Tokyo, Turin, Verona, Shanghai, New York and Zurich.
Your team
The Pictet Group is one of the world’s leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented at 30 offices in financial centres worldwide, and currently employs over 5200 people. Pictet has been present since 1989 in Luxembourg, where it employs over 700 people.
Corporate Functions includes the Group’s non-banking activities and employs more than 600 people. These functions are carried out by specialists with expertise across all business units, and include Communications, Compliance, Finance, Human Resources, Information Security, Internal Audit, Legal, Organisation & Digital, Risk and Tax departments.
As Senior Compliance Officer, you will proactively contribute to the monitoring of the Bank’s Compliance risk, as well as in the management of the relevant framework.
Your role
- Identify and analyze the risk of non-compliance using the tools developed by the Group.
- Analysis of files or transactions in terms of financial sanctions.
- Conduct of compliance reviews and Control testing exercise in Compliance matters in the context of the Compliance Monitoring Program.
- Investigations on specific files or transactions, filing of SAR / STR when necessary.
- Participation in periodic client file reviews (High Risk and PEP).
- Intervention in regulatory projects relating to Compliance, taking charge of coordination tasks if necessary.
- Contribution to the definition of internal standards for compliance risk management purposes.
- Intervention in the context of internal or external audit missions, or on-site or remote inspections by the supervisory authorities.
- Assistance and advice to the Group, to the head office of the bank, to the Management as well as to the employees of the Luxembourg branch in the resolution of problems relating to the risk of compliance.
- Support the organization of the compliance department and contribute to the development of its organizational measures, such as the update of internal procedures, the implementation of (Group) tools.
- Contribution to the monitoring of regulatory AML/FT developments.
- Preparation of the yearly CSSF AML questionnaire or assistance thereto.
- Preparation of the meetings and minutes of the Anti-Money Laundering Committee.
- Contribute to the regular update of the compliance risk register and contribute to the evolution of the monitoring program.
- Participate in the establishment and provision of Key Risk Indicators (KRIs) as part of the compliance risk reporting system for the bank's management and the Group.
Your profile
Qualifications and experience:
- University degree specialising in Law, Economics, Compliance or Audit.
- 5 to 10 years’ experience in a similar position in a Bank or financial sector.
Specific knowledge:
- Excellent knowledge of regulatory requirements and practices, particularly in the areas of anti-money laundering/counter-financing of terrorism (AML/CFT) and international sanctions.
- Familiarity with Wealth Management and Asset Servicing businesses, and good knowledge of banking operations.
- Past experience as internal or external auditor is a plus.
Language skills:
- French and English are both mandatory.
- German and/or any other European language is considered an asset.
Personal qualities:
- Proactive and autonomous.
- Analytical skills.
- Discretion, rigour, well-organised.
- Polyvalence.
- Team spirit.
Note
We will not accept any CVs from agencies.
In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.
Flexible and modern ways of working
As a responsible and supportive employer, we promote the well-being of our employees through a set of flexible working arrangements, ranging from a work-from-home policy for eligible functions to opportunities for annualised part-time leave and extended parental leave.
Diversity & Inclusion
Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.
