Chief Compliance Officer F/M - Bank

A leading bank is seeking a highly experienced and strategic Chief Compliance Officer (CCO) F/M to lead and manage its compliance function.
The successful candidate will play a pivotal role in ensuring the bank's adherence to all relevant laws, regulations, and industry standards.

Key Responsibilities:

• Compliance Risk Management: The CCO will anticipate, identify, and assess compliance risks associated with the bank's current and proposed business activities. They will assist authorized management in controlling these risks, ensuring compliance with CSSF Circular 12/552 (as amended) and other relevant regulatory frameworks.

• AML/CTF Leadership: As the designated Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Officer, the CCO will oversee the client acceptance process, monitor business relationships and transactions, and ensure strict adherence to AML/CTF regulations. They will also serve as the bank’s Money Laundering Reporting Officer (MLRO).

• Policy Development and Implementation: The CCO will be responsible for developing, implementing, and maintaining internal policies, control procedures, and systems that ensure compliance with applicable laws, regulations, and professional standards. They will ensure that these policies and procedures are effectively communicated and adhered to across the bank.

• Regulatory Reporting and Advisory: The CCO will prepare regular reports on compliance risks for authorized management, the Audit Committee, and the Board of Directors. They will provide expert advice on applicable laws and upcoming regulatory developments, ensuring the bank remains compliant and ahead of changes.

• EU Branch Supervision: The CCO will supervise compliance risks across the bank’s EU branches, providing annual appraisals for sub-branches' compliance offices and supporting the establishment of new EU branches.

• Legal and Corporate Governance Management: The CCO will manage the bank's legal matters, including coordination with police, prosecutors, and legal authorities. They will oversee corporate governance, advising authorized management, the Board, and shareholders on governance matters. The CCO will also coordinate meetings and maintain records for these entities.

• Training and Staff Awareness: The CCO will be responsible for raising staff awareness about the importance of compliance through ongoing training programs. They will provide daily compliance-related support to ensure all departments meet their regulatory obligations.

Qualifications:

• Experience: The ideal candidate will have a minimum of 10 years of experience in compliance management within the banking sector, with significant exposure to AML/CTF, regulatory compliance, and corporate governance.

• Education: Master’s degree in law, finance, business administration, or a related field is required. Professional certifications in compliance or risk management (e.g., CAMS, CFE) are highly desirable.

• Skills: The candidate must possess exceptional communication, negotiation, and leadership skills, along with strong analytical and strategic thinking abilities. A proven track record in managing complex compliance issues is essential.

• Knowledge: An in-depth understanding of regulatory requirements, compliance risks, and best practices within the banking industry is critical. The candidate should be well-versed in CSSF regulations and other relevant frameworks.

• Language: Fluency in English and French is required..

Why Join the bank?

• Reputation: Join a prestigious bank known for its strong compliance culture and commitment to regulatory excellence.

• Career Growth: Benefit from significant opportunities for professional development and career advancement within a leading financial institution.

• Work Environment: Experience a collaborative and supportive work culture that values integrity, diversity, and inclusion.

• Compensation: Receive a competitive salary and comprehensive benefits package, reflective of the critical nature of this role.

If you are interested in this opportunity, please send your application to Raphael COHEN, Morgan Philips Executive Search.
Your application will be treated with the utmost discretion.