Finance & Accounting Jobs in Munsbach, Luxembourg (Now Hiring) — 6 open

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.

We are seeking a motivated Senior Specialist  - Account Management Team - Onboarding and Account Management to join our team in Luxembourg.

In this role, you will play a key part in ensuring accurate client static data and bank account management in line with regulatory requirements.

Your Responsibilities

• Manage and maintain client data throughout the lifecycle of bank accounts, including account openings, maintenance, and offboarding.
• Ensure adherence to internal business rules and regulatory requirements (AML/KYC, CRS, FATCA, QI).
• Analyse and validate client data and documentation.
• Identify and address deficiencies in documentation requirements.
• Collaborate closely with internal and external stakeholders to resolve AML/KYC and regulatory issues.
• Manage output, reporting processes and signature verifications
• Develop and evaluate processes to enhance efficiency while aligning with regulatory standards.
• Participate in internal projects and testing.
• Support and mentor junior staff as required.
• Monitor and oversee outsourced activities.

Your Profile

• Minimum BAC+3 education.
• At least 5 years’ professional experience, ideally in client data management or a similar role.
• Strong knowledge of AML/KYC requirements
• Solid understanding of funds, corporate structures, and international institutions across all risk classes.
• Working knowledge of CRS, FATCA, QI requirements
• Good knowledge of MS Office Pack; familiarity with fund and banking systems is an asset.
• High attention to detail with a proactive and analytical mindset.
• Ability to work independently and as part of a team, managing priorities in a dynamic environment.
• Strong organizational skills and flexibility.
• Excellent communication skills

Language Skills

• English: mandatory (spoken, written, listening, reading).
• French: preferable.
• German: preferable.
• Other languages are an asset.

If you are detail-oriented, proactive, and eager to grow in a challenging and rewarding environment, we would love to hear from you.

Please note that a background check will be conducted as part of the hiring process once a job offer has been made. In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

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.