SEB is a leading international financial services group with a strong customer base among both private individuals and organisations. We are consistently recognised for our expertise and customer-centric approach, built on listening to our customers, a commitment to quality and trust, and an entrepreneurial mindset in everything we do.
SEB Luxembourg is part of the Private Wealth Management & Family Office business area within the Wealth and Asset Management Division and serves as the hub for private wealth management for Nordic nationals living abroad. SEB Luxembourg is also the base for many of SEB’s investment funds and offers global custody and related depositary services to financial institutions. The Luxembourg Branch has around 160 employees representing more than 20 nationalities. We provide an international and dynamic working environment that encourages personal development, performance and operational excellence.
About the role:
The Luxembourg Compliance team comprises of four compliance officers and is part of Wealth and Asset Management Compliance within the SEB Group Compliance organisation. The team provides a full range of compliance advisory and control activities for the private wealth management and asset servicing businesses in Luxembourg and other international locations.
We are seeking a Chief Compliance Officer (CCO) to lead the Compliance team in Luxembourg and also serve as Money Laundering Reporting Officer (MLRO). The CCO will have dual reporting lines to the Luxembourg Country Manager and the Head of Compliance for the Wealth and Asset Management Division.
As CCO for the Luxembourg Branch, you will work in a fast-paced and challenging environment, with a primary focus on growth in international private wealth management for Nordic nationals living abroad. You will bring a forward-leaning, collaborative mindset and work closely with the Head of Private Wealth Management & Family Office Compliance to build and develop the Compliance teams in Sweden and Luxembourg. Together, you will foster efficient cross-border collaboration and ensure a consistent, coordinated approach to supporting senior management and the PWM&FO business in both countries. You will also work closely with colleagues in the Wealth and Asset Management Compliance management team to ensure that the Compliance function operates efficiently in Luxembourg and across the division. Working with dedicated colleagues and partners across the SEB Group, you will have the opportunity to shape the development of the Compliance function, with a high degree of responsibility and independence within Group standards.
As Chief Compliance Officer, your main responsibilities will include the following:
Managing the Compliance function in line with Luxembourg and EU requirements and Group-wide minimum standards to ensure that the Branch meets its regulatory obligations
Managing and developing the Compliance team
Working closely with the Head of PWM&FO Compliance to build and develop the Compliance teams in Sweden and Luxembourg, foster efficient cross-border collaboration and provide consistent, coordinated support to senior management and the PWM&FO business
Working closely with colleagues in the Wealth and Asset Management Compliance management team to ensure that the Compliance function operates efficiently in Luxembourg and across the division
Performing Compliance risk assessments and developing risk-based Compliance programmes and monitoring activities
Providing Compliance advisory support to management and staff
Monitoring and communicating regulatory developments
Developing internal Compliance rules and procedures
Promoting compliance awareness and designing training
Participating in relevant internal processes, including customer acceptance, new product approvals and the handling of customer complaints
Communicating with and reporting to competent supervisory authorities, including the CSSF
To thrive in this role, we believe you have:
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