Compliance Risk & Control Officer

Purpose of the Job

Quintet Private Bankis a leading private bank; we are committed to our clients and their families and pride ourselves on our personalised service based on a deep understanding of our clients needs and aspirations.
We are a bank headquartered in Luxembourg with branches in Belgium Denmark Germany Netherlands and a subsidiary in the UK with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.

When you join Quintet you are joining a company that values diversity of background equal access to opportunities career development collaboration and inclusiveness.

We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.

The Compliance Risk & Control Officer holds a key role in the compliance team responsible for ensuring that Compliance in the location are effective in identifying managing and mitigating Financial Crime and Regulatory Compliance risks. The successful candidate can be located in Frankfurt or Munich.
They ensure the compliance policies are strictly abided to operating functional controls and providing the first line advice through a review and challenge process of first line operated controls covering Financial Crime &
Regulatory compliance risks. Work closely with the business on taking mitigating actions to maintain a robust and stringent compliance risk management within the Group risk appetite and ensure escalation is made through appropriate governance channels when the business is not addressing critical issues. The role holder reports to the Head of Compliance in their relevant location to ensure the successful delivery of the Compliance functions strategy

Key Accountabilities

• Maintain an effective control framework and to ensure compliance with all relevant external laws & regulations internal codes and policies and good market practices
• Act as a risk steward in the review & challenge of high risk clients files for the business and other set of first line of defence controls in mitigating Financial Crime and Regulatory compliance risks
• Support with second line governance covering Financial Crime & Regulatory risk exposures ensuring adequate analysis and reporting is provided to local governance as well as Group governance committees.
• Ensure independence of the first line of defence thereby maintaining an objective assessment of risk exposure
• Support Group Heads of FCC Group Head of RC&CB and other colleagues on all FCC and RC related matters
• Regulatory culture: The role holder must carry out all duties in strict accordance with Group Code of Conduct and act as its ambassador at all times. As any other member of the Compliance function the role holder willfoster a positive culture of compliance
• Quintets Regulatory & Financial Crime Compliance policies and procedures: Support country/Group compliance officer in deploying new change in policy aligning to any change in Group strategy or regulatory landscape.
• Interactions with regulators: if needed assisting local Head of Compliance as well in their interactions with regulators by informing key stakeholders gathering the relevant information and assisting in the drafting of responses in a timely manner
• Training: Supporting the local Financial Crime & Regulatory Compliance Advisors in delivering training initiatives relative to compliance policies

Knowledge and Experience

• Higher Education (University / Bachelor)
• At least 3 years experiece in a similar role

Attributes and Qualities

• Communication (Verbal & Written)
• Attention to Detail
• Collaborative Teamwork
• Time Management
• Results Orientation

Technical Skills

• Familiarity with Policy and procedures impact analysis and deployment.
• ICA ML/FCC or subject matter expertise in regulatory compliance topics qualifications preferred.
• A graduate in any discipline with exposure in a relevant risk or audit profile
• Experience in establishing and maintaining risk and controls framework for ML/CTF Sanctions ABC Fraud tax evasion risks
• Excellent written verbal numeric and comprehension skills and IT proficient

Languages Skills

• Fluent in German and English

Required Experience:

Unclear Seniority

Employment Type : Full Time
Experience: years
Vacancy: 1