ICBC (Europe) S.A. is a wholly owned subsidiaryof Industrial and Commercial Bank of China Limited, Beijing,P.R.C., the latter providing comprehensive financial products andservices to its customers in six continents.
Whereas theheadquarters of ICBC (Europe) S.A. is located in Luxembourg, thebank has established branches in Belgium, France, Italy, Poland,Spain and the Netherlands.
In order to strengthen theCompliance Department in Luxembourg, we are looking for a Head ofFinancial Crime Compliance specialized in the banking and financingbusiness.
The Head of Financial Crime ComplianceLuxembourg will be responsible for the AML / FT, sanctions / embargosand ABC compliance.
Your responsibilities : · TheHead of FCC will manage a team of 3 people (as of May 2019) andreports to the Head of Compliance Luxembourg (N+1) and the EuropeanChief Compliance Officer (N+2);
Implement the Group’spolicies; · Manage the country risk rating list andenhance the methodology; · Produce the assessment oftransactions (trade finance, purpose of loans, etc) andcustomers from an AML and sanctions perspective;
Manage thetransaction monitoring tool (Siron) : design scenarios to cover allactivities of the bank and control that all data are properly fedin the transaction monitoring tool on a regular basis;
Manage the screening tool (Compass-Fircosoft) : control that the mandatory lists of sanctions are loaded andupdated in a timely manner, that the parameters are in line withthe market practice and that all the flows are fed in Fircosoft;
Control that the client database are screened againstsanctions list and PEP list daily; · Manage all alerts issuedfrom various systems on a professional and timely manner anddocument each alert properly;
Design the management of thesanction risk : train the front office to detect red flag inthe customers files or transactions, draft a sanction riskassessment card to be filed in case of red flags;
Advise andassist the front lines regarding AML / CFT, sanctions / embargos andABC; · Report to FIU the suspicious activities;
Provideexpertise to the other teams for policies and procedures, riskassessment and work closely with the oversight team, etc.
Provide education and training on FCC topics to staff,management and Board of Directors and especially to the frontoffice in order to increase awareness and compliance culture andstrengthen the first line of defense;
Perform controls onhis / her perimeter; · Contribute to produce regulatoryreporting and ad hoc ones, as well as statistics onhis / her perimeter;
Contribute to the analyze of newproducts; · Contribute to the creation / update of normativedocumentation (policies, procedures, businessmanuals, etc);
Contribute to implement the regulatoryprojects within FCC perimeter; · Deal with other tasksassigned by the manager within the perimeter of complianceactivity.
Your profile : · University degree inEconomics or Law; · Fluent in English (score of 100 to TOEFLtest), French would be considered as an advantage;
Minimum 8years experience in financial institution in similar position or inanother control function; · ACAMS certified;
Goodcommunication skills and initiative taker; · Objectivity,integrity & confidentiality. If you are interestedin this opportunity, please send your curriculum vitae via jobs.
lu In compliance with the law of July 23th, 2016,the selected candidate will be requested to provide a criminalrecord (section 3)