Job description
China Merchants Bank Co., Ltd. Founded in 1987, China Merchants Bank Co., Ltd. (CMB) is China’s first joint-stock commercial bank and has consistently ranked among the country’s top financial institutions. CMB established its Luxembourg Branch in March 2015 to provide commercial banking services and serve as the regional headquarters and gateway to Continental Europe.
In May 2021, CMB expanded its presence by establishing China Merchants Bank (Europe) S.A., a wholly owned subsidiary in Luxembourg. CMB Luxembourg offers a dynamic and collaborative working environment focused on success in the European market. You will join an ambitious team engaged in a stimulating and challenging project at the heart of our European operations.
Key Responsibilities
Handle day-to-day legal matters and provide legal advice, including analysis, research, and drafting. Draft, review, and participate in negotiations of a wide range of complex client (bilateral loans, syndicated loans, pledge, deposit, assignment, risk participation, T&Cs, amendments, etc) and supplier contracts, including those of a highly technical nature.
Support internal projects, trainings, and process improvements, and contribute to cross-functional initiatives. Assist in internal legal and compliance risk assessments across the organization. Draft, review, and update legal and regulatory policies and procedures of the Bank. Monitor, analyse, and assess the potential impact of relevant regulatory developments issued by the CSSF, BCL, ECB, or other competent authorities.
Prepare standard and ad hoc reports and responses for regulators, auditors, and Group, as appropriate. Serve as backup for AML/CFT and KYC onboarding processes, including the use of transaction and name-screening tools. Undertake any other legal or regulatory tasks as required by the department.
Qualifications
and Experience Minimum of 5 years of proven experience within the legal department of an international bank or an international law firm, preferably in Luxembourg. Master’s degree in Law, preferably obtained within the EU. Sound knowledge of EU and Luxembourg banking regulations (e.g. EMIR, MiFID II, DORA, PSD2, CRD VI, AMLD, GDPR, etc.)
Excellent command of written and spoken English; proficiency in French, German, or Chinese is an asset. Strong interpersonal and communication skills with the ability to work effectively in a multicultural environment and collaborate across departments and with external stakeholders. High level of accuracy, organization, and ability to work under pressure with a proactive and solution-oriented attitude.