Business Compliance Manager
Pictet Group Luxembourg
Bridel, LU
il y a 4j
source : Monster

Pictet is an investment-led service company, offering wealth management, asset management and related services. We are a partnership of seven owner managers and our principles of succession and transmission of ownership have remained unchanged since foundation in 1805.

Our purpose is to build responsible partnerships with our clients, communities, and the companies in which we invest, in order to safeguard and transmit wealth, of all kinds, in the service of the real economy.

With more than CHF 576 billion in assets under management or custody at 31 December 2019, Pictet is today one of the leading Europe-based independent wealth and asset managers.

Headquartered in Geneva, Switzerland and founded there, Pictet today employs more than 4,200 people. It has 28 offices in : Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, Osaka, Paris, Rome, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.

Job description : Your team You will be a member of the 1st line of Defense in charge of Anti-Money Laundering / anti-terrorist financing (AML) as well as insider trading / market manipulation (Market Abuse) matters of Pictet & Cie (Europe) in Luxembourg, which has branches in Europe.

As a Business Compliance Manager, you will contribute to manage the risk of the Bank and its foreign branches by carrying out onboarding, monitoring and reviewing activities of existing and new clients of the following two business lines : Pictet Wealth Management (Private Banking) and Pictet Asset Services (External Asset Managers, Institutional Clients and Independent Asset Managers).

You will be based in Luxembourg, with a permanent contract and interact regularly with Front staff from Europe and the Group.

Your role As part of a team of six, you will be in charge of :

  • Reviewing new clients’ onboarding files, performing AML related controls in line with Group Client acceptance policy (including tax related matters), drafting account opening synthesis documents and presenting cases to the approbation committee.
  • Organizing and conducting monitoring activities of higher-risk transactions ( analysis of hits , concluding on cases, etc.
  • using specific IT tools (client database screening, transaction monitoring, payment filtering, etc.). to ensure AML / Market Abuse compliance.

  • Conducting the periodic reviews for medium risk clients
  • Overseeing the process in place for regularly updating KYC business relationship information by relationship managers, using a risk-based approach.
  • Conducting searches and investigations relating to clients and their entourage as well as business partners.
  • Identifying higher risk situations to be escalated to 2nd Line of Defense teams
  • Providing counsel and assistance to Front teams related to AML / Market Abuse topics, as well as collaborating with the 2nd line of defense teams.
  • Your profile

  • Higher-education degree with a previous experience of minimum five years in a similar function with a bank or financial-sector professional, or in an audit function (internal / external) dealing with AML.
  • In-depth knowledge of regulatory practices, particularly AML.
  • Good knowledge of banking operations. Familiarity with asset management and asset servicing.
  • Proficient in MS Office. Previous experience with the Avaloq banking system would be an advantage.
  • Fluency in French, very good knowledge of English (or vice versa); good understanding of Italian, Spanish and / or German would be a plus.
  • Discretion, rigor and organizational skills Analytical skills (investigative mindset), sense of proportionality (risk-based approach) and critical thinking (professional judgement) Editorial and communication skills, sense of diplomacy Team spirit (solidarity) At ease with using computer systems and new technologies as well as an interest in these areas.
  • Note We will not accept any CVs via 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".

    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.

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