Internship - Transfert Agent - Ongoing Due Diligence (12 months)

at  Bank Pictet Cie Europe AG succursale de Luxembourg

Pictet is an investment-led service company, offering wealth management, asset management and related services. We are a partnership of eight owner managers and our principles of succession and transmission of ownership have remained unchanged since founding in 1805.
Our purpose is to build responsible partnerships with our clients, communities, and the companies in which we invest, in order to safeguard and transmit wealth, of all kinds, in the service of the real economy.
With more than CHF 612 billion in assets under management or custody at 31 December 2022, Pictet is today one of the leading Europe-based independent wealth and asset managers.
The Group is headquartered in Geneva, where its activities began, and employs more than 5000 employees. With 30 offices, it is also present in Amsterdam, Basel, Barcelona, Brussels, Dubai, Frankfurt, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel-Aviv, Tokyo, Turin, Verona, Shanghai, New York and Zurich.

NOTE

We will not accept any CVs from agencies.
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.

Responsabilities

• Identifying investors using a risk-based approach, taking into account the legislation in force and internal directives.
• Carrying out periodic reviews of investors’ files and updating documentation/information relating to the fight against money laundering and terrorist financing (AML), Know Your Customer (KYC) and tax documentation (FATCA/CRS).
• Carrying out yearly reviews of financial institutions’ evidence of regulation.
• Carrying out yearly reviews of PEP clients.
• Handling changes of circumstances triggering investors’ file reviews.
• Handling ongoing Beneficial Owner monitoring.
• Handling Clients Due diligence and audits reviews.
• Act as a key contributor to yearly ISAE 3402 exercise.
• Act as support to PAM Account Opening team and performing monthly account opening controls.
• Communicating professionally with FPS clients (funds/management companies) and investors to collect the required information/documentation.
• Finding gains in efficiency in the way of working

As an AML specialist in the Ongoing Due Diligence team of the Transfer Agent (TA) department, you will handle a variety of tasks to ensure FPS respects its regulatory obligations such as performing continuous/periodic reviews of investors’ AML/KYC/tax documentation, following a risk-based approach and considering the regulations in force and any subsequent changes to those regulations. You will be in charge of helping the Team Leader to achieve the team objectives throughout the year.

Responsabilities

• Identifying investors using a risk-based approach, taking into account the legislation in force and internal directives.
• Carrying out periodic reviews of investors’ files and updating documentation/information relating to the fight against money laundering and terrorist financing (AML), Know Your Customer (KYC) and tax documentation (FATCA/CRS).
• Carrying out yearly reviews of financial institutions’ evidence of regulation.
• Carrying out yearly reviews of PEP clients.
• Handling changes of circumstances triggering investors’ file reviews.
• Handling ongoing Beneficial Owner monitoring.
• Handling Clients Due diligence and audits reviews.
• Act as a key contributor to yearly ISAE 3402 exercise.
• Act as support to PAM Account Opening team and performing monthly account opening controls.
• Communicating professionally with FPS clients (funds/management companies) and investors to collect the required information/documentation.
• Finding gains in efficiency in the way of working.