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ISBL - Compliance Officer

Date: Nov 3, 2021

Location: Luxembourg, LU

Company: Intesa Sanpaolo Group

Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 14,6 milion of retail customers through a network of 5360 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,000 branches and 7.2 million customers in 12 countries. Intesa Sanpaolo is also present in 25 countries in support of its corporate customers’ cross-border business. It is looking for new qualify profiles who want to face demanding and challenging career path with the following requirements:

Scope and Purpose

• Oversee compliance procedures and provide advice on regulatory compliance aspects in the field of Anti- Money Laundering, International Sanctions and Anti-Corruption.
• Analyze existing and proposed legislation, regulatory announcements, industry practices, and help the business to develop and implement procedures to meet these requirements.
• Ensure a regulatory watch and impact assessment, maintain the registration list and draft assessment report.
• Solid AML, Embargos and anti-corruption regulations knowledge  
• Luxembourgish regulations 
• Opening of accounts and client management
• Surveillance of transactions
• Coordinate regulatory change projects and implement regulatory requirements in collaboration with the internal stakeholders to ensure the sustainability of the organization.
• Follow CSSF and BCE correspondence and coordinate the internal validation process in order to deliver the requested information.
• Advise, oversee, and train the banking staff on compliance procedures, especially by ensuring RC training, on the job to Client facing staff and/or in a class room setting.
• Support - as and when requested - the maintenance of regulatory compliance policies, procedures, manuals and checklists.
•    Monitor activity in the bank within the second line of defence, identifying systemic procedural weaknesses and additional training requirements.
•    Provide guidance and support on regulatory compliance matters to relevant stakeholders.

Required Experience

Master's degree in Law and/or Finance with at least 4-5 years of relevant experience in a similar position in a commercial bank dealing with corporate and institutional clients.

Required Qualifications, Skills and Knowledge

- Compliance control techniques
- Business operations, Regulatory Reporting, commercial banking
- AML Compliance, knowledge (embargos, sanctions)
- AML/CFT requirements
- Knowledge of AML risk management and AML risks                
- Insider Information regulations
- Knowledge of Financial Crime (KYC for corporates, trade based money laundering)
- Understanding of international sanctions regimes, including UN, US OFAC, EU and UK OFSI programmes and other regulations and international best practices
- Fluent in English and French, Italian is a plus (best to have).
- Accuracy,  Analysis and Synthesis, Confidentiality, Problem Analysis and Solution

Everyone is an asset for our Group and that person could be you! Check out our job opportunities, apply and join our team!