Senior KYC/AML Officer

Position Summary:

At FundBank, we believe in the power of our core values—Safety, Liquidity, and Speed—to drive our success. As a Senior KYC-AML Officer, you will be the embodiment of these principles, ensuring compliance with Luxembourg’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations within the funds industry, with a particular focus on Alternative Investment Funds (AIFs). This role is ideal for a proactive and independent professional who thrives in a dynamic financial environment and is eager to contribute to both client satisfaction and regulatory compliance.

Key Responsibilities:

Compliance Management:

1. Conduct initial and ongoing due diligence on clients and counterparties in accordance with Luxembourg AML-KYC regulations (e.g., Law of 12 November 2004 on AML/CTF, CSSF Circulars, and EU Directives).
2. Perform risk assessments and classification of clients (standard, enhanced, or simplified due diligence).
3. Review and verify identification documents, source of funds, and beneficial ownership structures, ensuring compliance with the latest regulatory requirements.
4. Liaise with account holders and stakeholders to obtain missing or additional information when required.
5. Stay up to date with Luxembourg’s AML/KYC regulatory framework, including CSSF Circulars, the EU AML Directives, and FATF recommendations.
6. Assist in the implementation of AML/CTF policies, procedures, and internal controls tailored to the AIF and funds industry.
7. Support the preparation of regulatory reports and compliance assessments.
8. Participate in internal and external audits, ensuring AML-KYC compliance requirements are met.

Client Onboarding:

1. Collect documents needed at the onboarding stage of new clients and facilitate the client acceptance process, preparing packs for the Acceptance Committee.
2. Provide concise and timely updates to key stakeholders (internal and external) to ensure that all data and documents required are collected in a timely manner.
3. Familiarity with fund structures, investor due diligence requirements, and complex corporate structures (trusts, SPVs, nominee arrangements).
4. Resolve and escalate issues in a timely manner.
5. Experience with risk-based approaches to AML and financial crime compliance.

Qualifications:

1. Minimum of 5 years of relevant experience in the Fund Industry (PE-RE Funds).
2. Strong knowledge of the Luxembourg AML/KYC regulatory framework.
3. Ability to interpret regulatory guidelines and assess risk scores.
4. Strong organizational, analytical, and prioritization skills.
5. Strong attention to detail and excellent communication skills.
6. Fluency in English mandatory; French and German are considered a plus.
7. Proactive with a positive approach and result-driven.
8. Flexible and dynamic in your approach to work.
9. A team player with the ability to demonstrate leadership and work independently.

What We Offer:

1. A vibrant and challenging work environment.
2. Opportunities for professional growth and development.
3. A culture rooted in safety, liquidity, and speed.
4. Collaborative atmosphere, encouragement of innovation, and potential for growth.

Apply now! Send us your CV and join us to make a difference!

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