Role Description :
Responsible for safeguarding and promoting a balanced and effective business and working environment for the Private Bank in Luxembourg.
In line with our ambition of being the best private bank for our clients, work in partnership with Country CCO and CPB EMEA CAO to safeguard and promote a balanced and effective business and working environment for the Private Bank in Luxembourg
Chair of the Private Bank Luxembourg Management Committee and Member of the Luxembourg CCC and BRCC. Senior representative of the Private Bank to liaise with Regulators
Work closely with Luxembourg Country Control functions and CPB EMEA In-Business Risk & Control team to ensure that the business meets all regulatory and policy requirements as stipulated by local Luxembourg (e.
g., CSSF); EU, other regulators (e.g., ECB, US regulators), Internal Policies and Procedures and CEP Legal vehicles governance across CEP vehicles used by Private bank in the EEA
Overall responsibility for all internal controls and procedures across CPB in Luxembourg. Ensure all Key Risk Indicators are consistently managed below defined threshold levels;
the quality of documentation is good; and CPB Luxembourg meets all booking vehicle governance standards
Lead governance issues and close-out any follow-up actions raised by the Luxembourg CCC; Luxembourg Business Risk and Control Committee (BRCC) and CPB Luxembourg Management Committee
Provide leadership support on overseeing people issues and effective execution of CPB EMEA business priorities in Luxembourg and the EEA
Central point of escalation for local Private Bank Front Office staff issues in the CPB office in Luxembourg
Lead effort to implement new business initiatives as well as rolling out regulatory change initiatives across Luxembourg and the EEA
Work closely with General Market Managers (GMM), Product Heads; and other Front Office areas to ensure resource allocation is effectively coordinated in Luxembourg.
Provide local oversight of Private Bank Business staff in Luxembourg
Provide local management oversight for Luxembourg based staff in Business Services, In-Business Risk & Control, Trading Desk support staff
Provide and report the Financial results of the Private Bank in Luxembourg working with Finance to provide oversight of business performance
Work with Banker Teams, Product, Legal & Compliance, Operations and Technology to resolve client issues and drive improved client experience
Lead effort working with appropriate CPB EMEA Teams and Functions to drive the preparation and achieve satisfactory ratings for the relevant Internal Audit, Compliance, and regulatory reviews.
Lead effort to close out any Corrective Action Plans
Represent the Private Bank Business at industry associations as well as regulatory consultation in the area of wealth management
Lead Local employee communications / town halls / engagement efforts to create a collaborative work environment to be the best Private Bank
Strong understanding of Luxembourg and EU legal and regulatory framework
Strong understanding of Controls
Strong knowledge of Private Banking & Wealth Management
Experience of managing large and complex teams
Banker / Sales experience a preference working with front line staff in helping drive performance improvement
Strong product knowledge in Risk Management, Product Control and Middle Office is beneficial
Proven Project / change Management and Business Process Improvement experience is essential
Excellent interpersonal skills and ability to develop strong working relationships across functional and geographical lines
Professional outlook with the ability to use initiative, manage deadlines, coordinate multiple tasks and work to deadlines and targets
Strong analytical / business evaluation and problem-solving skills
Good written skills and ability to review complex product and legal documentation
Good initiative & Creativity - ability to present alternatives and constructive new ideas
Accuracy & Attention to detail
Preferably Degree educated, however, exceptional candidates who do not meet these criteria may be considered provided they have the necessary skills and experience
Please feel free to get in touch and send your CV to enquiries pelhamselect.com.