Head of TA AML & Register

  • Competitive
  • Luxembourg
  • Permanent, Full time
  • Pictet & Cie Luxembourg
  • 04 Feb 19

As Head of the AML & Registry team of the Transfer Agent (TA) Department, you will be responsible for ensuring the smooth running and supervision of a team of 12 people whose task is to identify investors and their income streams using a risk-based approach, opening investors' accounts in the Bank's systems and carrying out the daily checks related to our anti-money laundering and counter-terrorism financing (AML/CFT) obligations.

Pictet is an investment-led service company, offering wealth management, asset management and related services. We do not engage in investment banking, nor do we extend commercial loans. We are a partnership of seven owner managers and our principles of succession and transmission of ownership have remained unchanged since foundation in 1805. With more than CHF 509 billion in assets under management or custody at 31 December 2017, Pictet is today one of the leading Europe-based independent wealth and asset managers.

Headquartered in Geneva, Switzerland and founded there, Pictet today employs more than 4,200 people. It has 27 offices in: Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Montreal, Munich, Nassau, Osaka, Paris, Rome, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.




Mission

 

As Head of the AML & Registry team of the Transfer Agent (TA) Department, you will be responsible for ensuring the smooth running and supervision of a team of 12 people whose task is to identify investors and their income streams using a risk-based approach, opening investors' accounts in the Bank's systems and carrying out the daily checks related to our anti-money laundering and counter-terrorism financing (AML/CFT) obligations.

 

Responsibilities

 

  • As head of the team you will coordinate with the supervisors of the different groups within the team to ensure that tasks are carried out smoothly. These include:
    • Identifying investors using a risk-based approach, taking account of the legislation in force and internal directives (which requires knowledge of the specific structures).
    • Gathering, analysing and archiving AML/KYC documentation.
    • Configuring and updating client databases.
    • Ensuring documentation is updated as regulations change.
    • Performing daily checks of transactions using systems configured to account for AML regulations.
    • Communicating with clients and investors, where necessary.
  • Managing a team of 12 people.
  • Having an overview of all the team's activities, updating work processes and managing the risks by putting in place the appropriate indicators and taking the necessary measures.
  • Giving a monthly presentation to the Client Acceptance Committee.
  • Being the go-to person for staff and clients and explaining to them the regulatory and procedural framework in place at the TA unit.
  • Uniting staff around common projects, in collaboration with the group leaders.
  • Contributing to local and cross-departmental projects, in close collaboration with other departments and business lines.
  • Anticipating the team's needs resulting from innovations with products or legal and regulatory developments.
  • Setting up a technological and regulatory watch.

 

Profile

 

Qualifications and experience:

 

  • University degree in Finance or training/experience deemed equivalent.
  • Seven years' experience working in a managerial role in the field of AML/KYC and/or on a compliance team.

 

Specific knowledge:

 

  • In-depth knowledge of Luxembourg AML/KYC regulations and specific topics such as FATCA, CRS and AIFMD.
  • Knowledge of the different roles in the investment fund industry (custodian bank, transfer agent and fund administration), as well as of the related regulatory framework.
  • Mindful of risks.
  • Skilled user of MS Office.
  • Knowledge of Multifonds software an asset.

 

Language skills:

 

  • Written and spoken fluency in French and English.
  • Another language would be an advantage.

 

Personal qualities:

 

  • Meticulous in your approach to work and highly organised.
  • Resistance to stress.
  • Dynamic and able to show initiative in problem solving.

 

As the successful applicant, your major assets will be your outstanding analytical skills and ability to process information, combined with excellent interpersonal skills and being a team player. Your ability to manage priorities and take initiative will also be appreciated.  You will report directly to the Head of the Transfer Agent Department.

 

Note

We will not accept any CV's from agencies.




Profile:

As the successful applicant, your major assets will be your outstanding analytical skills and ability to process information, combined with excellent interpersonal skills and being a team player. Your ability to manage priorities and take initiative will also be appreciated.  You will report directly to the Head of the Transfer Agent Department.