Money Laundering Reporting Officer (MLRO) Luxembourg, Vice President

What you will be responsible for

As Money Laundering Reporting Officer (MLRO) for SSBI Luxembourg you will be accountable for overseeing the implementation and maintenance of effective global and local policies, procedures, systems and controls in accordance with the global and local laws, regulation and guidance to enable SSBI to identify, assess, monitor and manage money laundering and other financial crimes risks.

Specifically, you will:

    Provide advice and challenge to first line of defense in their creation, maintenance and development of effective systems, controls, policies, procedures and training in order that SSBI Luxembourg complies with Financial Crimes related regulatory and legal requirements

    Ensure the design and execution of the SSBI business risk assessment is in line with local regulatory requirements and provides a holistic assessment of SSBI's inherent financial crime risks and the effectiveness of the controls that have been implemented to manage those risks

    Ensure that new, or amended regulatory obligations, industry guidance and best practice applicable to SSBI are appropriately assessed and reflected in its operating procedures and controls    

    Serve as primary contact with SSBI Luxembourg's regulators and relevant authorities in respect of AML, KYC, sanctions, fraud and ABC risks and issues

    Be the accountable person for (1) the receipt and evaluation of internal unusual activity referrals that might indicate financial crimes, and, (2) making external Suspicious Activity/Transaction Reports

    Be a trusted advisor and technical expert to SSBI Luxembourg's senior management and relevant functions on financial crime risks and emerging issues

    Manage and motivate a team of FCC Officers and contribute to the SSBI FCC team

    Take a leadership role in industry forums and collaborate with AML professionals outside State Street to address common challenges or changes in regulation

What we value

These skills will help you succeed in this role

    Strong interpersonal, communication, project and people management skills

    Proven ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines

    Demonstrable problem solving and decision-making skills in particular when advising SSBI Luxembourg's senior management on the financial crime risk and issues impacting SSBI's business operations  

    Deep understanding of core financial crime risks, in particular money laundering, Know-Your-Customer (KYC) processes and economic sanctions as well as fraud and ABC

    Recent experience providing advice or guidance on the application of FCC related laws and according controls

    Strong written and verbal communication skills

    Self-motivation and the ability to work independently together with different internal and external stakeholders

    Strong leadership and organizational skills

    Ability to multi-task and being responsible for different tasks / projects

    Strong relationship management skills

Education & Preferred Qualifications

    10+ years of relevant industry experience in banking or financial services

    University degree or equivalent, preferably with a legal or accountancy background, or significant prior experience as an MLRO or Financial Crimes Compliance leader

    Expertise in core financial crime compliance risks (AML, KYC, Sanctions)

    FCC certifications or trainings would be a benefit

    Proficiency in English