Senior Compliance Officer

Reporting to the Compliance team, the Senior Compliance Officer will report to and support the Chief Compliance Officer in the development and maintenance of a strong compliance framework within our group's life and non-life insurance entities in Luxembourg. Within the Finance Department, your main...

Description

Reporting to the Compliance team, the Senior Compliance Officer will report to and support the Chief Compliance Officer in the development and maintenance of a strong compliance framework within our group's life and non-life insurance entities in Luxembourg.

Within the Finance Department, your main tasks will be to:

• Own and maintain compliance policies with a focus on, but not limited to, the areas of anti-corruption, business conduct and consumer protection ;
• Conduct relevant compliance risk assessments and draft action plans to mitigate identified risks;
• Monitor, investigate and report on regulatory developments (regulatory watch);
• Provide regulatory advice and support the company in the implementation of regulatory changes, participate in or lead regulatory projects;
• Conduct gap analysis and ensure compliance of local processes with Group standards and rules;
• Develop and implement the compliance monitoring plan (including AML), describing the periodic tests to be performed, the testing methodology, the evidence to be kept and the report to be produced;
• Perform second line testing and monitoring (with support from the Junior Compliance Officer);
• Evaluate compliance aspects of the product approval and review process;
• Write and manage the annual compliance training program, update existing and create new training materials on relevant compliance topics;
• Assist the CCO in drafting regular and ad hoc reports to senior management, the Board of Directors and the Group;
• Represent the compliance function internally and work with ALU and AWE operational departments to strengthen the compliance culture;
• Provide support and assistance for AML/KYC related processes (customer and transaction due diligence, handling of alerts generated by the AML tool).

Profile

• You have a degree in Law (Bac+4/5) or in a relevant field;
• You have about 10 years of experience in a compliance, audit, risk management or internal control function, preferably in the insurance sector, in Luxembourg;
• You have a minimum of 5 years of experience as a Compliance Officer in Luxembourg;
• You have practical experience in compliance monitoring and/or internal control testing;
• You have a good understanding of the legal and regulatory framework applicable to the insurance sector in Luxembourg;
• You have a strong interest in reading laws and regulations and analyzing their impact;
• You have a good understanding of insurance products (life and non-life);
• You have a good understanding of insurance products (life and non-life); You are fluent in French and English, both written and spoken;
• You have strong communication skills, with the ability to communicate effectively and write clear and accurate reports;
• You are fluent in standard MS Office (Word, Power Point, Excel, Outlook).

Offer

Our client offers a permanent contract in a rewarding and promising work environment, the experience and opportunities of a local company on a human scale that is part of a successful international group.