US Bank Branch Compliance Manager Category Corporate 

Luxembourg, Luxembourg 

598211036

• Senior Vice President, Chief Compliance Officer - Europe | PAY-Risk And Compliance

• Lead and/or participate in the Corporate Compliance programs relating to Luxembourg.
• Completion of compliance assessments to a professional standard.
• Designated point of contact with local regulatory bodies.
• Primary day-to-day contact point for business line regulatory and compliance queries.
• Development and implementation of one or more Policies/ Frameworks.
• Timely and accurate submissions to regulatory bodies arising from requests/inspections.
• Lead Compliance representative for FLOD led projects e.g. business expansion, acquisitions, new products and services etc.
• Lead one or more of the initiatives under the Annual Compliance Plan.
• Lead the implementation of regulatory change projects in the branch.
• Design and delivery of compliance training to business units and/or corporate functions.
• Oversight of the day to day execution of Compliance monitoring and testing in the Branch.
• Distilling, drafting and presenting complicated issues and regulatory requirements to both internal and external stakeholders, including the drafting of explanatory guidelines/documentation as required.
• Production of material for inclusion in Compliance reporting.
• Regular attendance and presentations at an EFS Senior Operating Committee.
• Other such duties as reasonably requested by Compliance management.

• Luxembourg governance functions and reporting (AML/CFT Compliance Officer).
• Completion of AML risk assessments to a professional standard.
• Build out a strong second line oversight for Luxembourg working with the EFCC function;
• Enhance the AML program including but not exclusively AML/Economic Sanctions Risk Assessments and Local Country Requirements in accordance with guidelines or manuals issued by the Bank setting out the governance within those programs;
• Overseeing that the implementation of the AML Program is consistent with regulatory expectations and industry practice for the Depositary business line;
• Oversee contact with regulatory bodies in co-operation with the Elavon/U.S. Bank Regulatory Services teams;
• Act as the point of escalation for the branch on AML /Economic Sanction matters
• Facilitate, participate and consult in the execution of the Second and Third Line of Defence testing, Risk Assessment & Policy Implementation program and the business change program;
• Promote the Financial Crime Compliance culture across the branch through active engagement with management, peers, direct reports, stakeholders, and other employees;
• Provide clear guidance and credible challenge to senior business leaders in their implementation of Financial Crime controls;
• Represent Depositary Luxembourg and Global Fund Services Luxembourg (where required) with other internal stakeholders promoting best practice and consistency across all jurisdictions including the Third Party AML Program.

• Strong previous experience (5 years plus) in a risk/compliance role, preferably in a credit institution and/or fund service provider.
• Prior experience as MLRO preferred.
• Industry certification in AML/Financial Crimes e.g. CAMS would be a plus.
• Proven track record of working on own initiative and delivering practical outcomes to a professional standard.
• Excellent assurance testing skills with an emphasis on evidence-based outcomes, prioritisation, issue management, and communication.
• Excellent understanding of the financial services industry, with prior experience engaging with regulators and internal/external auditors preferable.
• A relevant third level qualification (e.g. law, business, finance, Diploma in Compliance).
• Fluency in English (both verbal and written) essential and ideally fluent in French.
• Compliance experience within funds industry and/or experience as an MLRO an advantage.
• Demonstrable experience of interaction and influencing at a senior level.

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