We are looking for a

Chief Compliance Officer (m/f/d)

(unlimited, full-time) Join our team at our location in Luxembourg – flexible working conditions available

As Chief Compliance Officer (m/f/d), you are part of our strategy to become a leading partner for payment solutions in European e-commerce. In this dynamic and ever-changing environment, compliance with the underlying regulatory requirements and a professional governance and control framework are the basis and key to the success of our institution.

Mission:

In line with the requirements of the CSSF Circular 12/552 as amended, the main purpose of the Compliance function shall be to verify compliance with all the internal policies and procedures which fall within the area for which it is responsible, to regularly assess their adequacy with respect to the organisational and operational structure, the strategies, the activities and the risks of the Bank as well as with respect to the applicable legal and regulatory requirements, and to report directly to the Authorised Management as well as to the Board of Directors.

Tasks

As central element of the internal governance and organization of the Bank, the Chief Compliance Officer shall:

• Identify the standards to which the Bank is subject in the exercise of its activities in the various markets;
• Identify the compliance risks to which the Bank is exposed in the exercise of its activities and assess their significance and the possible consequences, by establishing a framework for ongoing assessments of key deliverables and milestones to ensure alignment with applicable regulations, guidelines, policies and procedures, and key stakeholders;
• Ensure the identification and assessment of the Compliance risk before the Bank expands into new activities, products or business relationships (NPP process);
• Ensure, in particular, that the fight against money laundering and terrorist financing translates into effective controls and measures which are appropriate to the risk;
• Verify compliance with the compliance policy and procedures, on a regular basis, and shall be in charge of the adaptation proposals, if required;
• Assist and advise the Authorized Management on issues of compliance and applicable laws, regulations and standards;
• Raise awareness of the staff about the significance of compliance and related aspects and assist them in their day-to-day operations related to Compliance;
• Acting as “Responsible du Contrôle”, he/she is the privileged contact person for the competent authorities as regards AML/CFT issues and with respect to the application of restrictive measures in financial matters;
• Responsible for the compilation of summary reports on his/her activities, including any material matters that require the Board’s attention, and provides regulatory update, including to the competent authorities;

Profile

• Master’s degree in Law, Economics, business management or equivalent required;
• Minimum 10 years’ experience heading the Compliance department of a regulated financial entity, ideally already assessed by the fit and proper assessment by a National Competent Authority;
• Deep understanding of the payment and credit services (product feature, local regulatory requirement…) and related best practices;
• Deep experience negotiating technical terms across multiple internal and external stakeholders;
• Very good team player with excellent communication skills and high interpersonal competence (both internally and externally);
• Proficiency in Microsoft Office products and internet/mobile application;
• Fluency in English and German is mandatory, abilities in other languages will be appreciated.
• You have a strong understanding of local risk and regulatory requirements as set forth by the CSSF and EBA