European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates.

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

EDB, part of the APEX Group, is currently looking to add further bench strength and support within our Onboarding & Account Management team.

As an AML/KYC Periodic Review Officer, you will play a crucial role in our compliance and risk management efforts. You will be responsible for monitoring and analyzing financial transactions to detect and prevent suspicious activities, ensuring compliance with regulatory requirements, and safeguarding the bank's reputation.

As an AML/KYC Periodic Review Officer, you can expect to:

• Perform periodic reviews of client accounts to ensure compliance with AML and KYC regulations.
• Update and validate KYC records, including beneficial ownership, source of wealth, and Client Due Diligence (CDD) information.
• Identify and request any CDD documentation that is outdated and missing following client screening.
• Follow-up any further CDD requirements including review of documents received, providing appropriate feedback where applicable.
• Collaborate with other internal parties such as Compliance to resolve deficiencies, obtain advice and/or approvals and ensure timely review completion.
• Identify and assess client risk based on documentation and other risk indicators.
• Maintain accurate records and audit trails of all reviews conducted.
• Stay updated on industry trends, regulatory changes, and best practices in AML/KYC regulations and internal policy updates.
• Drive process improvement, identifying and implementing best practices in effective and innovative ways.

To apply for this AML/KYC Periodic Review Officer role, you will need a degree in Finance, Economics, Business, Law or a comparable qualification. You will also require the following:

• Proficient English business language skills, both written and oral. German, French, also advantageous.
• Previous experience (min. 3-5 years) in AML, KYC, or financial crime compliance, ideally in a financial institution or similar regulated environment.
• Excellent analytical, organizational, and communication skills.
• Deep understanding of regulatory frameworks such as FATF, EU AML Directives, FinCEN, or equivalent.
• Excellent attention to detail and ability to work independently.
• Knowledge of relevant regulatory requirements and industry standards.
• Strong communication and interpersonal skills.

If you’re looking to make a positive impact and create change, possessing an inclusive and committed approach, you'll be rewarded with an excellent salary and benefits package. As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.

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As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.