Associate, Compliance

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**Job Description**:
Complementing the specific responsibilities below, the purpose of this role is to support the CCO in the discharge of the Compliance and Financial Crime Compliance (FCC) Department’s Luxembourg mandate. The Associate will support the development and implementation of the Compliance and FCC program in Luxembourg and provide support to the CCO in independent oversight, assessing the adequacy and effectiveness of the controls, the status of regulatory compliance and follow up with management on compliance and FCC issues identified. The Associate in Luxembourg must be pro-active and highly responsive in a business environment where decisions have to be made in stressful, time sensitive situations where information is often ambiguous and incomplete. The role is also expected to support the CCO to keep abreast of developments in an ever-changing regulatory environment and their impact on the business.

The role has the authority to access CIBC’s records, information and personnel in order to fulfill the responsibilities of this role.

KEY ACCOUNTABILITIES
- To support the CCO in its role to ensure that an effective FCC and Compliance program is in place within CIBC Luxembourg which includes identifying regulatory requirements and develop, update and maintain the relevant Compliance and FCC parts of the appropriate manual, guidelines, policies and procedures to satisfy the local and CIBC global requirements, including developing and maintaining adequate anti-money laundering policies and training.
- To support the CCO in updating and managing CIBC Luxembourg’s Compliance & Financial Crime policies and procedures in order to mitigate the risk that the firm might be used to further financial crime, market abuse or other activities in contravention of regulatory requirements in the region.
- To support the CCO in reviewing draft legislation and/or policies to assess the impact on relevant Luxembourg businesses pertaining to Compliance and FCC, keep the CCO informed of impact to CIBC Luxembourg.
- To monitor activities for Compliance and FCC and escalate significant regulatory issues or material incidents of non-compliance to the CCO of CIBC Luxembourg and where appropriate the Head of Compliance, Europe and/or the Head of Financial Crime Compliance, Europe & Asia-Pacific promptly including providing recommendations for corrective action.
- Support the CCO in his role as the CIBC Luxembourg point of contact with regulatory bodies (e.g. Commission de Surveillance du Secteur Financier),where needed to ensure common understanding of regulatory requirements, what procedures need to be in place to adhere to them, as well as the resolution of non-compliance issues.
- Support the CCO in the oversight of the local regulatory regime covering:

- MIFID & MIFID rules
- Market Abuse Regime (MAR) rules
- Conduct of Business rules
- AML Transaction Monitoring
- Sanctions
- All aspects of KYC (including PEPs, CDD & EDD)
- Regulatory Reporting (where applicable)
- MI to senior management
- To provide Compliance and FCC advisory services in a pro-active manner to management and employees in the various business lines of CIBC Luxembourg, including input and advice on strategy development, new products and services and other key decisions where a potential Compliance and FCC risk could arise.
- As directed by the CCO, provide induction training to new employees and additional regulatory training as and when required on Compliance and FCC related topics.
- To support the Regional FCC Team’s mandate as directed by the Regional Head of Financial Crime Compliance, Europe & Asia-Pacific. This will equate up to 35% of the Associate’s role and responsibilities with the rest devoted to supporting the CCO in Luxembourg

KNOWLEDGE AND SKILLS
- Good knowledge of relevant compliance and financial crime regulations that impact the CIBC Group under the Luxembourg mandate;
- Good knowledge of current Luxembourg compliance and financial crime standards;
- Sound judgment and ability to independently interpret complex regulatory issues and to provide comprehensive guidance to businesses in a straightforward manner;
- Well-developed interpersonal skills, with an ability to establish strong relationships in order to build trust amongst all stakeholders (both internally and externally);
- Ability to work in a challenging environment while exhibiting poise under severe conditions;
- Creative problem solving skills;
- Strong attention to detail;
- Effective and clear written and oral communication and presentat