Compliance Officer

We are looking for a local Compliance Officer for our growing team. Together with the international compliance team you will play a key role to ensure that our growth is built on a foundation of integrity and sustainable compliance policy, where you will be in charge of the compliance activities in iBanFirst Luxembourg Branch. 

 

What you will do 

As a local Compliance Officer, it is your mission to ensure the correct application of the laws and regulations and ensure that all business operations, actions and decisions meet compliance and ethical requirements in all areas. 

Your assignments will be varied and include day-2-day compliance, support in transversal projects and in implementing new regulations. You will contribute to:

• Establish and update local company policies, processes and guidelines
• Monitoring regulatory updates and changes
• Single person of contact with CSSF, BCL and CRF
• Regularly train our staff to promote compliance culture
• Continuously review applicable and relevant policies and guidelines, their application and implementation in the company
• Identify potential risks and conduct due diligence on potential high-risk clients / prospects / transactions, especially with regards to money laundering, other criminal activities
• Conduct regular spot checks to monitor KYC and KYT processes
• Prepare suspicious/transactions activity reports to the relevant authorities (Local FIU, i.e. CRF)
• Answer to local FIU requests
• Represent the interface between, and collaborate with, the front and middle office on specific compliance issues
• Participate in the implementation of cross-departmental regulatory projects
• Participate in the production of compliance material (procedures, guidelines for Sales teams, e-learning, newsletters, etc.)
• Participate in the preparation of internal and external reports for the supervisory authorities
• Carry out projects aiming to optimize and develop the solutions offered by iBanFirst (digital KYC, onboarding process, etc.) 

 

What do you bring? 

• You have completed a master's degree or equivalent in business law / banking and financial law / political science / international relations / business economics 
• You have 4+ years experience in the compliance field 
• You have knowledge with the relevant laws and regulations applicable to the payment industry (mainly AML/CFT, PSD) 
• You have gained an experience in the funds industry, especially in KYC matters on funds and related proxies and you are familiar with AML Comfort Letters and the reliance topic
• You want to contribute to the development of a Fintech leader in an innovative and leading industry
• You have great autonomy, and you are rigorous in your daily work
• You have excellent analytical skills
• You are well organized and detail oriented
• You are able to interpret quantitative information effectively
• You have a good knowledge of Excel and PowerPoint tools
• You are fluent in English and French

  

What do we offer? 

• Various missions and projects in an innovative and rising start-up in a thriving industry (Fintech) 
• A key role and a unique opportunity to shape the future of iBanFirst
• A professional and international team with a flat hierarchy
• A nice work environment 

 

Who we are:

In less than 10 years, iBanFirst has established itself as a trusted partner for small and medium-sized businesses (SMBs) operating across borders.

iBanFirst provides a next-generation cross-border payment experience that combines a powerful platform and the support of the best FX experts. Executives and finance teams have direct access to currency markets. They can hold, collect and send funds in over 30 currencies. 

With more than 350 employees across 10 countries in Europe, the company processes more than 2 billion euros worth of transactions monthly. As a regulated payment institution, iBanFirst is authorized to operate throughout the European Union.

 

 

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