Senior Compliance Officer – Corporate Banking

About the Role
Our client, an international Corporate Banking institution, is seeking a Senior Compliance Officer to

join its Compliance Department and operate within the Second Line of Defence (LOD2) framework.

Reporting directly to the Chief Compliance Officer, the successful candidate will play a key role in ensuring the Bank's compliance with applicable regulatory requirements and internal policies. The position covers a broad range of compliance activities, including AML/CFT, sanctions, regulatory compliance, governance, compliance monitoring, advisory support, and regulatory change management.

This is a highly visible role requiring close interaction with the business, Risk, Legal, Operations, Internal Audit, and external regulatory stakeholders.

Key Responsibilities:
Regulatory Compliance & Advisory

• Act as a trusted Compliance advisor to business and support functions on regulatory and compliance matters.

• Provide second-line oversight and challenge regarding compliance risks across the Bank's activities.

• Advise management and business units on applicable regulatory requirements, internal policies, and best practices.

• Monitor regulatory developments and assess their potential impact on the Bank's operations and control framework.

• Contribute to the enhancement of the Bank's compliance governance and risk management framework.

  AML/CFT, Sanctions & Financial Crime

• Perform Compliance activities related to the prevention of money laundering, terrorist financing, sanctions, market abuse, fraud prevention, and other financial crime risks.

• Review and challenge KYC onboarding and periodic review files from a second-line perspective.

• Conduct AML/CFT, sanctions, PEP, adverse media, and name screening reviews.

• Assess complex client structures, beneficial ownership arrangements, and high-risk

  relationships.

• Support investigations related to unusual transactions, sanctions alerts, and suspicious

  activities.

• Provide guidance to the first line regarding AML/CFT requirements and regulatory expectations.

  Compliance Monitoring & Controls

• Execute control activities as defined in the annual Compliance Monitoring Plan.

• Assess the effectiveness of key compliance controls and identify areas for improvement.

• Document findings, recommendations, and remediation actions.

• Monitor the implementation of corrective actions and regulatory commitments.

• Contribute to Compliance risk assessments and thematic reviews.

  Regulatory Change & Projects

• Analyse new regulations, CSSF circulars, ECB expectations, EBA guidelines, and other relevant regulatory publications.

• Assess their impact on the Bank's processes, procedures, systems, and governance framework.

• Participate in or co-lead regulatory and compliance transformation projects.

• Support the implementation of new regulatory requirements and internal compliance initiatives.

• Contribute to ESG-related compliance and regulatory assessments where applicable.

  Governance, Reporting & Stakeholder Management

• Prepare Compliance reports, management information, dashboards, and regulatory updates for Senior Management and Governance Committees.

• Support the Chief Compliance Officer in interactions with regulators, auditors, and external stakeholders.

• Contribute to the preparation of Board and Committee materials related to Compliance matters.

• Participate in the drafting and maintenance of Compliance policies, procedures, and controls.

  Legal, Documentation & Lending Support

• Provide Compliance input into contractual arrangements and legal documentation when required.

• Participate in the review and preparation of legal agreements and contractual documentation supporting business activities.

• Support loan administration processes from a Compliance and regulatory perspective, including reviews of financing documentation and transaction-related requirements.

• Assess legal and compliance risks associated with lending and corporate banking activities. Audit & Regulatory Inspections

• Act as a key contact for Internal Audit, External Audit, and regulatory inspections.

• Support audit missions and regulatory reviews by providing documentation, evidence, and

  remediation updates.

• Monitor and track audit findings and regulatory recommendations through to closure.

  Required Qualifications & Experience

• Master's degree in Law, Compliance, Finance, Economics, Business Administration, or a related field.

• At least 7-10 years of relevant experience within Compliance, Financial Crime Compliance, Regulatory Compliance, or Legal & Compliance functions in a bank or financial institution.

• Strong understanding of:

o AML/CFT regulations;

o Sanctions frameworks;
o Corporate Banking activities;
o Compliance risk management;
o Regulatory governance and control frameworks.

• Solid knowledge of Luxembourg and European banking regulations, including CSSF, ECB, EBA, and applicable AML legislation.

• Experience operating within a Second Line of Defence (LOD2) environment.

• Proven experience managing regulatory projects and interacting with regulators and auditors.