Local compliance officer

A career atLombard Odiermeans working for a renowned global wealth and asset manager, with a strong focus on sustainable investing. An innovative bank of choice for private and institutional clients, our independently owned Firm is one of the best-capitalised banking groups in the world, managing close to CHF 300 billion and operating from over 25 offices across 4 continents.With a history spanning over 225 years,Lombard Odieris an investment house providing a comprehensive offering of discretionary and advisory portfolio management, wealth services and custody. We also offer asset management services and investment strategies throughLombard Odier Investment Managersand provide advanced banking technology to other financial institutions."Rethink Everything" is our philosophy– it is at the heart of everything we do. We have grown stronger through more than 40 financial crises by rethinking the world around us to provide a fresh investment perspective for our clients.LOCAL COMPLIANCE OFFICER (7-month contract)Reporting to the Chief Compliance Officer Europe, you will be responsible for theoperational effectiveness of the Compliance Function of our local branchas regards AML/CFT, Investor Protection and Conduct matters (Mi FID2) ensuring adequate functioning of the local compliance function,proactive management of compliance risksand their timely escalation, as well as complete and accuratereportingto the relevant authorities.In your role, you will alsowork closely withthe Compliance Function based at ourEuropean headquartersin Luxembourgas well as ourGroup headquarters inSwitzerland , participating in Group and/or Luxembourg-led initiatives (regulatory or strategic projects, group-all training initiatives, deployment of tools and best practices), sharing expertise and providing local know-how.YOUR ROLE:Manage AML/CFT compliance and financial crime risk consistently to ensure that risks and vulnerabilities are identified, controlled and reported in an effective, timely and uniform manner Advise and provide support to the business on the appropriate standards for compliance with the applicable AML/CFT laws, rules, and regulations, including providing training to the local Staff as well as supporting the overall LOESA Compliance organization in the development of the bank's AML/CFT training program Be responsible for the local Due Diligence Committee (DDC) to accept the onboarding of clients, escalating to the European DDC the clients classified as PEP or High Risk. Implement and update internal AML/CFT policies and procedures in accordance with local requirements and with LOESA and Lombard Odier Group policies.Being thekey advisor to local Staffon the application of regulatory requirements aimed atensuring investor protection and impeccable conduct(e.g., Mi FID2 rules and internal policies and procedures on the provision of investment services such as suitability, inducements, product governance and distribution). To this end, cooperate with the Front Office in a timely manner in order to adhere to both regulatory and policy requirements and manage compliance risk while considering the business objectives.Ensure the identification and adequate management ofconflicts of interestrelevant to the local Branch's activities and its Staff, logging any issues in the conflicts' register and promptly escalating any risk events to the Chief Compliance Officer. Within this context, you will also support the Luxembourg headquarters in evolving and improving the existing conflicts of interest and personal account dealing framework.Keepregularly updated onlocal and European regulatory developmentsas well as on the respective regulator's and industry practices so as to better assess potential compliance risks and needs, and adequately advise senior management. In this context, work closely with the Luxembourg headquarters and escalate potential regulatory developments that may impact LOESA's current AML/CTF and/or investment services frameworks (e.g., client on-boarding, risk scoring, and monitoring; suitability & appropriateness, product distribution, product governance, client information...). Where relevant, you mayactively participate in such initiativesto embed your expertise and ensure local regulatory requirements are taken into consideration.Ensure adherence to andstrong monitoring of all compliance related regulatory requirementsand developments applicable to the local Branch, and including regulations in the EUEnsuretimely, complete and accurate reportingof significant control and compliance issues to top management, as well as to the relevant local regulatory authorities.Provide thenecessary support to Audit and Risk control functions , ensuring effective and timely implementation of audit issues, keeping orderly audit trailPromote thehighest ethical standardsrequired of staff and to ensure staff meet the requirements of the Compliance Manual and the relevant regulatory rules.YOUR PROFILE:Minimum of 4 years of relevant compliance experience on AML/CFT/Mi FID2 compliance activities with a thorough understanding of the EU and local regulatory environment and regulator's expectationsStrong skills in the financial services industry, with a good understanding of Private Banking businessGood knowledge and experience using AML/CFT screening tools and of the Microsoft office packageStrong interpersonal, communication, and presentation skills.Analytical and organized mindset, results oriented, and problem-solving skills. Possess excellent attention to detailBachelor's degree (or equivalent) required or evidence of comparable academic / work achievementFluent in English. Another European language like French would be an advantage.Our Maison's DNAis defined by five core values.Excellencedrives us to be the best at what we do, whileInnovationfuels our progress.Respectunderpins every interaction, andIntegrityshapes our actions. Together, we areOne Team , united in serving our clients with unwavering dedication.As a responsible and supportive employer, we promote a diverse and inclusive work environment for our employees and candidates.Diversity, Equity and Inclusion