- We are seeking a highly motivated and detail-oriented Compliance
- Officer - Framework & Monitoring to join our Compliance team. The
- successful candidate will play a key role in maintaining and enhancing the
- Bank's compliance framework, with a particular focus on the oversight and
- monitoring of FATCA and Common Reporting Standard (CRS) obligations.
- As a second-line-of-defense function, you will be responsible for
- assessing the effectiveness of first-line controls, monitoring regulatory
- compliance, identifying risks, and supporting the ongoing development of
- governance and control frameworks related to tax transparency regulations.
Your next challenge
Compliance Framework & Governance
Contribute
- to the development, maintenance and enhancement of the Compliance
- Framework in line with regulatory requirements and industry best
- practices.
- Draft,
- review and update policies, procedures and control standards related to
- FATCA, CRS and tax transparency obligations.
- Support the
- implementation of new regulatory requirements and compliance initiatives.
Provide
day-to-day guidance on compliance topics in collaboration with Tax
department, Tax Operations, KYC Office and/or Legal teams.
Monitoring & Second-Line Controls
- Design and
- execute second-line compliance monitoring and testing activities on FATCA/CRS
- and other AML processes.
- Assess the
- effectiveness of first-line controls covering client onboarding, due
- diligence, classification, documentation, remediation and reporting
- obligations.
Analyse
- control results and provide recommendations to strengthen the control
- environment
- Monitor corrective action plans and
- ensure timely remediation of identified issues.
Job description provided by Banque Internationale à Luxembourg.
View the original posting
