Job title: Compliance Conducting Officer
Job type: Permanent
Emp type: Full-time
Industry: Real Estate / Private Equity
Salary type: Annual
Location: Luxembourg, Luxembourg
Job published: 27-01-2023
Job ID: 33078

Job Description

Compliance Conducting Officer

 

As an excellent opportunity to join a leading international alternative asset fund management group who focus on private equity and credit investments. As part of their growing regulatory presence globally, they are in the final stages of establishing an Alternative Investment Fund Manager (“AIFM”) in Luxembourg and are looking for a motivated individual to perform the role of Conducting Officer for Compliance and RC. You will report to the Head of the AIFM in Luxembourg but will also interact frequently with the central Legal & Compliance team based in London. You will be expected to take ownership of all responsibilities as Conducting Officer and RC, engage with senior management of the AIFM and other key stakeholders on compliance matters, and contribute to facilitating a best-in-class regulatory function.

 

Responsibilities:

  • Identification and assessment of the compliance risk: establishes and maintains proportionate compliance policies and procedures, in conjunction with group-wide policies, to detect any risk of breaches with applicable requirements
  • Identification of the rules in force: keeps aware of the current and upcoming regulatory obligations governing the performance of the company’s activities
  • Procedures and instructions for the implementation of the compliance policy: ensures that the institution has rules that may be used as guidelines for staff of the different business lines for the performance of their day-to-day duties.
  • Monitoring of the respect of the compliance policy: monitors compliance of policies, procedures and instructions and proposes corrective measures where appropriate. Assesses and controls the compliance risk and the monitoring of the procedures and instructions
  • Analysis of compliance issues, interventions and follow-up analyses the issues observed and recommends, where applicable, corrective measures to address these deficiencies
  • Assistance and advice to senior management in compliance matters
  • Awareness and training of staff: delivers bespoke training to Luxembourg colleagues and supports central Legal & Compliance function to facilitate key regulatory training as required
  • Communication with authorities: responsible for fulfilling the notification requirements to the authorities re anti-money laundering
  • Documentation of the work and internal reporting: maintain robust records and contribute to periodic reporting on compliance matters to senior management and other key stakeholders

RC

  • Applies the AML/CFT policy and procedures and has the power to propose to the authorised management, on their own initiative, any measure necessary or useful to this end
  • Ensures the quality of the AML/CFT controls carried out and, as the second line of defence, verifies compliance with all the AML/CFT professional obligations
  • Controls compliance with the professional obligations applicable to branches and majority owned subsidiaries in Luxembourg and abroad, and analyses all relevant reports to this end (audit reports, compliance reports…)
  • Ensures compliance with the group-wide policies, procedures and measures concerning, in particular, data protection and sharing of information within the group for the purposes of AML/CFT in accordance with the legal provisions in force in Luxembourg
  • Prepares, implements and ensures the realisation of the continuing training and awareness-raising programme
  • Is the privileged contact person for the Luxembourg authorities in charge of AML/CFT and for the competent authorities with respect to the application of restrictive measures, and is in charge of the transmission of any information or statement to these authorities
  • Verifies the compliance with the AML/CFT policy and reports in writing on a regular basis and, if necessary, on an ad hoc basis to senior management, including to the Board of Directors (or specialised committees) where appropriate
  • Prepares, at least once a year, a summary report on his activities and their operation
  • Ensures timely reporting to the competent authorities for AML/CFT (e.g. CSSF, FIU, Ministry of Finance)

 

Requirements:

Strong Communication:

  • Displays strong verbal and written skills
  • Ensures clear, transparent, concise and appropriate communication

Personal Effectiveness:

  • Utilises own organised style of working with a high attention to detail
  • Recognises flexibility is key and applies an adaptable style of working able to cope which quickly changing demands and priorities

Problem Solving:

  • Demonstrates a willingness to assess all viable and practical alternatives to solve an issue rather than focusing on a solution that takes the path of least resistance
  • Builds competency in the use of firm and group technology and is more productive as a result

Functional Expertise:

  • Demonstrates solid knowledge of relevant legal and compliance task processes
  • Understands our industry and operations
  • Receptive to understanding the bigger picture behind processes

 

Your Profile:

  • Prior Compliance experience for an AIFM, preferably in a management capacity
  • Law degree or related field or a track-record of practical experience in the absence of a technical degree
  • Strong familiarity of law & regulation in the financial services sector
  • Good analytical and observation skills
  • Strong communication skills and familiarity in cross cultural working
  • Strong understanding of risk frameworks and internal controls
  • Pragmatic and supportive in working style with the ability to be firm and direct on sensitive compliance matters
  • Works effectively within a team
  • Strong English level (both written and oral), French also preferred but not required

 

Could this be the right opportunity for you? Please do not hesitate to send your CV to Andrew Notter at andrew.notter@andersonwise.com to be considered for this recruitment process.

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