Compliance Officer
Lombard Odier
- Brussel
- Vast
- Voltijds
- Perform the Money Laundering Reporting Function, including training for employees, appropriate provision of information to senior management, appropriate measures to ensure the effective control of money laundering risk within the firm’s day-to-day operations, including the taking-on of new customers within the local regulatory, LOESA and Group standards and changes to the firm’s business profile;
- Participation to the Local Due Diligence Committee (CODIL);
- Escalation of cases of high risk clients to and participation to the European CODIL (in case of need);
- Advisory on AML/CTF and compliance related matters relevant to the financial services industry;
- Local Complaints management.
- Ensure that senior management is supplied with adequate information to assess the AML risk to which the bank is exposed and provide assurance that the internal procedures are identifying and mitigating that AML risk;
- Exercise all necessary diligence and control in daily operational role to ensure client asset safety;
- Promote awareness amongst staff on regulatory requirements and developments in order to strengthen the compliance culture.
- Maintain awareness of regulatory/compliance developments, assess the impact to the business and initiate necessary changes or seek to ensure that relevant managers initiate such changes;
- Oversee the operational effectiveness of the firm’s systems and controls that are designed to achieve compliance with the rules;
- Ensure the timely submission of all regulatory reports to the competent authorities;
- Keep regularly update on regulatory developments as well as regulator’s and industry practices so as to better assess potential compliance risks and needs, and adequately advise senior management;
- Assess the impact on the business and initiate or ensure that relevant changes are undertaken;
- Promote the highest ethical standards required of staff and to ensure staff meet the requirements of the Compliance Manual and the relevant regulatory rules.
- Provide advice proactively on compliance matters in connection with both existing and new business proposals (liaising as necessary with the LOESA CCO);
- Escalate any material compliance/regulatory concerns or issues to the local Executive Committee, to the LOESA Authorized Management or the LOESA Board of Directors, including its Chairman.
- Effective governance, communication and escalation;
- Diligence in exercising of operational control functions;
- Attendance of relevant training where requested;
- Maintaining ongoing competence in the role exercised;
- Being familiar with all relevant policies and procedures in the relevant business area.
- Degree or ‘A’ levels followed by appropriate market, relevant working experience, Law degree desirable;
- 7-10 years of experience in a similar role in the financial services sector, preferably within the Private Banking and External Asset Manager industry;
- Excellent responsiveness and problem-solving skills;
- Innovative, Results-oriented, Strong initiative;
- Excellent written and verbal communications skills;
- Excellent organizational skills, including the ability to lead a multi-jurisdictional department and to manage complex projects;
- Capable and comfortable working independently as well as a team with the broader European and Group Compliance leaders;
- A thorough understanding of the EU and local regulatory environment and regulator’s expectations (including AML and MiFID2 regulatory packages);
- A thorough understanding of the Private Banking business;
- Regular usage and experience with Microsoft office tools is essential, Pythagoras, World Check and LexisNexis are important;
- English and French compulsory, Flemish highly desirable.