Junior Compliance Officer (Luxembourg) (m/f/d)

As a Junior Compliance Officer at Vivid Money, your responsibilities include assisting in the review and execution of the Compliance Program, conducting periodic testing of compliance activities, supporting the management of outsourced operations, ensuring proper implementation of customer due diligence measures, and handling requests from authorities like the Financial Intelligence Unit. You'll also help in monitoring AML/CFT risks and contribute to training programs to raise awareness within the organization.

To qualify for the Junior Compliance Officer position at Vivid Money, you need a legal background, specifically a degree in law or a related field (LLB or equivalent). While prior experience in compliance or audit roles is a plus, it’s not mandatory. Additional certifications in AML compliance, familiarity with EU regulations, especially CSSF, and proficiency in English are essential. Fluency in other European languages can further enhance your application.

Key skills for a Junior Compliance Officer at Vivid Money include strong analytical abilities, self-motivation, and excellent communication skills. You should be proficient in researching regulatory information and demonstrating a proactive, organized approach to your work. Familiarity with risk-based approaches and experience with compliance technologies can also be beneficial in effectively carrying out your responsibilities.

Starting your career as a Junior Compliance Officer at Vivid Money opens doors for growth within the compliance field. You will receive mentorship from experienced professionals and the chance to take on diverse projects. Gaining hands-on experience and developing skills in areas such as AML/CFT compliance can position you for advancement to roles with greater responsibility in compliance or regulatory affairs.

Vivid Money offers a competitive salary package for Junior Compliance Officers that includes flexible working hours and a hybrid working model. Additionally, you'll have access to 28 days of paid annual leave, participation in an Employee Stock Option Programme, and a monthly allowance for lunch vouchers. These benefits, combined with the opportunity to work in a breakthrough Fintech environment, make it an attractive place to grow your career.

In your response, emphasize the multifaceted nature of the Junior Compliance Officer role at Vivid Money. Discuss how this position involves assisting with the Compliance Program, conducting risk assessments, and ensuring compliance with regulatory requirements. Highlight your eagerness to learn and grow within a team focused on maintaining high compliance standards.

In addressing this question, focus on the rapid technological advancements and evolving regulations in the Fintech sector. Discuss challenges such as staying ahead of AML/CFT risks, ensuring compliance with local and international laws, and the importance of adapting to new compliance technologies. Show your awareness of these complexities while demonstrating your commitment to proactive compliance practices.

Outline a step-by-step approach to handling compliance issues, starting with accurate documentation of the issue. Then explain the importance of promptly reporting the problem to a supervisor, analyzing the root causes, and participating in the implementation of corrective actions. Stress your proactive mindset and willingness to work collaboratively to ensure adherence to compliance standards.

Discuss any academic projects or internships where you’ve been involved with customer due diligence or similar compliance tasks. Highlight your understanding of the CDD processes, including identification, verification of ownership, and risk assessment. If you have direct experience in performing CDD tasks, be sure to share specific examples and any technologies you used.

Mention proactive strategies such as subscribing to compliance newsletters, attending industry webinars, and participating in professional organizations. Also, convey your commitment to continuous learning, emphasizing that staying informed helps in effectively navigating the ever-changing landscape of regulations impacting the Fintech industry.

Share a specific example from your academic experiences or internships where teamwork led to achieving a goal. Highlight your ability to collaborate, communicate effectively, and contribute positively to group dynamics. Mention how you handled challenges and supported team members in achieving compliance-related objectives.

Express your passion for ensuring regulatory adherence and maintaining ethical standards in business practices. Discuss how the dynamic nature of the compliance field in Fintech excites you and your ambition to contribute positively toward a company's reputation and compliance integrity, particularly at an innovative company like Vivid Money.

Demonstrate your knowledge of Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations. Discuss their significance in maintaining the integrity of the financial system and the essential role compliance officers play in implementing these regulations. Cite specific EU laws or guidelines, such as the CSSF directives, to showcase your awareness.

Explain your commitment to engaging training sessions that are informative, relatable, and tailored to the audience's knowledge level. Discuss how you would incorporate case studies, interactive discussions, and practical examples to enhance understanding of compliance topics and keep employees motivated to remain compliant.

Highlight qualities such as integrity, attention to detail, and a proactive approach to compliance. Emphasize the necessity of ethical judgment and the ability to adapt to regulatory changes as essential attributes that enable compliance officers to effectively uphold the organization's standards while mitigating risks.