Compliance Officer

For our office in Luxembourg, SnapSwap, we are looking for a Compliance Officer.

SnapSwap, a Wallee Group company, is an electronic money institution registered in 2016 and licensed in Luxembourg. We provide financial services such as payment accounts and card issuing as well as Payfac (merchant services). We operate from our Luxembourg office.

The Compliance Officer will report to the Chief Compliance Officer (CCO) and will work in close collaboration with the Authorized Management as well as the Group Risk Management Team.

Responsibilities

• Act as key-person of the Company’s “2nd line of defense” in terms of AML related matters with respect to client relationships and monitoring;
• Communicate with junior colleagues and provide the assistance on AML related matters regarding their performance;
• Execute the Compliance Program with respect to AML in close cooperation with CCO and Operations teams;
• Design, review and execute periodic testing and controls within the scope of responsibility over AML matters; reporting to CCO and Group CRO;
• Supervise client & merchant acceptance and sanction screening alerts escalated by Operations teams in line with the defined Risk appetite, the AML policies and procedures;
• Handle customer complaints in close cooperation with the CCO and the customer support team;
• Handle SARs, STRs and requests for information from FIU, other authorities and third parties in close cooperation with the CCO;
• Draft internal policies and procedures, update procedural framework, follow the regulatory changes and report them to management;
• Coordination of internal AML trainings; conducting the internal and external audit missions in terms of AML matters;
• Substitution and support to the CCO and Group CRO with other tasks as required.

• Result-oriented and responsible person capable to work independently.
• Resides in Luxembourg or its neighboring areas.
• A bachelor or master degree in business, finance, banking, law or audit.
• At least 2-3 years of relevant work experience in a similar role within Risk /AML / Compliance or Audit.
• Knowledge of the regulatory framework governing Luxembourg's financial sector.
• Professional experience in Payfac, Acquiring, Issuing and/or Payment accounts (at least in 1-2 segments).
• First experience in Outsourcing, ICT and DPO topics as a big plus.
• Self-motivated with strong organizational skills.
• Previous experience in a European Fintech or Luxembourg EMI is a strong plus.
• Fluent in English, basic German and/or French would be a big advantage.
• Analytical and strategy skills, good research skills.
• Planning and organisational skills and problem-solving ability.
• Excellent time management and organisational skills.
• Excellent IT skills, especially excel, search engines etc.
• Exceptionally good in numbers.
• The ability to explain complex issues and present information clearly.
• Professional approach to work, integrity and respect for ethics.
• Accuracy and attention to details.
• Team spirit.

• We offer a modern and safe working environment.
• You are part of an agile, young team and have the chance to make an impact.
• We foster a healthy organizational culture which focuses on people and high-performance.
• We are working with the most recent technology collaborating with colleagues from different locations.
• As an innovative start-up, we offer flexible structures and flat hierarchies.
• Cooperation with motivated colleagues and numerous personal development opportunities.