Associate Compliance Officer - KYC - based in Luxembourg

Act as 1st Line of Defence (LoD), identifying, assessing, and following up on the Compliance risk relating to the Bank’s new and existing Relevant Counterparties, in line with EIB’s policies and procedures. Contribute to the implementation of the Know Your Customer (KYC) and Customer Due diligence (CDD) processes, follow work procedures, and contribute to specific improvement projects or initiatives (e.g. Client life cycle Management System, Group Client Portal, etc.).

Specific Post Environment

Under the 3 LoD model for Compliance, the JMO/KYC Division is in charge of Customer Due Diligence on all new and existing EIB Counterparties involved in Lending, Treasury and Borrowing activities. This includes (i) KYC checks (identification and verification of the identity of EIB counterparties, including the mapping of their ownership structure up to the Ultimate Beneficial Owners, and their key persons, and as well as (ii) the screening and CDD assessment, in accordance with applicable AML/CFT, sanctions, and integrity compliance requirements.

Operating Network

Reporting to a Head of Unit, you will work in close cooperation with other Bank services (notably with OPS/GLO, PMM, FI and OCCO) and with the EIF. You will also interact with EIB external counterparties.

Accountabilities

• Take end to end responsibility for the verification of the identity of the EIB Relevant Counterparty and the analysis of its corporate structure, with regards to its shareholding, its management and its controlling entity/beneficial ownership, on the basis of data and documents provided by specialist corporate data providers, publicly available sources, and provided by the counterparty.

• Perform AML/CFT, CDD on new and existing counterparties, i.e. Adverse Media, PEP and Sanctions screening and assessment in order to define a ML-FT risk scoring for the counterparty.

• Ensure the monitoring of accurate and complete KYC/AML-CFT due diligence records on existing counterparties and ensure that the Client lifecycle Management System is updated to reflect completion of review and relevant details. 

• Propose improvements and implement the necessary processes, procedures, IT systems, methodologies, and working tools to conduct KYC/AML-CFT due diligence.

• Support the development and implementation of procedures for creating and managing the standing data of all EIB counterparts in loan, borrowing, and treasury operations.

• Liaise with staff in other services of the Bank and with the Relevant Counterparties for the timely collection, completion and of validation of KYC/AML Due Diligence when applicable.

Qualifications

• University degree (minimum an equivalent to a Bachelor), preferably in Law, Finance/Economics, or another related subject. Additional studies, certifications, or experience in compliance-related fields would be an advantage.

• At least 3 years of relevant professional experience in banking, in areas related to the KYC/ AML-CFT regulatory environment or other related compliance areas, preferably gained within the EU financial sector and/or in MDBs.

• Knowledge of relevant KYC/AML-CFT regulations and best practices.

• Knowledge of Compliance related data bases and standard IT tools.

• Good communication and writing skills. Experience in writing comprehensive reports and producing and delivering presentations and trainings.

• Excellent knowledge of written and spoken English and/or French with good command of the other. Knowledge of additional languages is considered an advantage. 

Competencies

Find out more about EIB core behavioural skills 

To find out more about our eligibility criteria click

We hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity, and Inclusion makes us a performing and innovative organisation. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic, and cultural background, religion and beliefs, sexual orientation, disability, or neurodiversity. 

If you require reasonable accommodation during the recruitment process due to a disability, neurodivergence, or a chronic health condition, please contact the EIB Recruitment team Jobs@eib.org who will manage your request appropriately.

By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position, you agree to comply with all measures (policies, controls, document classification, and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.

This is an open campaign which will remain open until the position is filled. Applications will be reviewed in order of receipt.

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