Global banking back office services provider is urgently looking to appoint a Head of Compliance to cover their main European and Middle Eastern offices.
The Head of Compliance acts as as Compliance Officer, MLRO and Privacy Officer
for the mainland Europe offices (currently in Sweden, Netherlands and Luxembourg) and the Abu Dhabi office in UAE.
Based from European head quarters in Luxembourg they are a key member of the Senior European Middle East and Africa ("EMEA") Compliance Executive Management Team.
The main duty of the Head of Compliance is to provide consultation and advice on banking compliance matters and develop strategies to minimise regulatory risk with in locations.
If successful in your application to this well paid Luxembourg job you will provide direction and guidance to all members of the risk and compliance function who report to you and regularly engage with local and regional management, Boards of Directors and regulators.
On a daily basis as Head of Compliance you can expect to have to review, disseminate, and interpret relevant laws and regulations and works to pro-actively establish and document related policies, procedures and standards.
You will verify that the banks activities meet local legal and regulatory requirements and regulations and monitors outcomes/risk levels for the organization or assigned area.
You will identify situations which pose significant compliance risk and guides management in developing policies and/or procedures that minimize that risk. Finally besides managing your team you will interact with regulators, internal and external auditors on regulatory topics.
For consideration for the Head of Compliance vacancy you will have at least eight years experience (at a senior level) with in a custody/asset servicing or asset manager
You will be totally familiar with Luxembourg regulation (including AML and Privacy requirements) and have knowledge of regulation in one or more of the other locations.
It would be beneficial if you understand US regulation. It is expected you will also have a surfeit of experience in the asset servicing businesses (principally fund administration and custody).
Finally fluent French and English is essential and Arabic, Dutch or Swedish would be beneficial.
The Head of Compliance is an extremely well paid offshore compliance role offering a great re-numeration package with stunning career prospects.