Senior Manager - Compliance & Risk (m/f). Luxemburgo

SENIOR MANAGER - COMPLIANCE & RISK (M/F)

THE JOB:

On behalf of a corporate services provider within private equity and real estate, DO Recruitment Advisors is looking for a Compliance & Risk Senior Manager to deliver a high-quality compliance support and risk management service to the Luxembourg office, and to direct and oversee all local regulatory compliance and risk management activities.

The main responsibilities:  

Strategic:

- Contribute to strategic initiatives in relation to the respective business.

- Consider, advise and prepare the business regarding any potential compliance and/or regulatory issues with regard to material changes (including new products, service lines, business streams etc) driving any risk assessments undertaken in this regard.

- Identify, create awareness of and plan the appropriate response within the respective businesses in respect of any regulatory, compliance and or risk management issues that may impact.

– Adopt a pragmatic and commercial approach to business whilst remaining cognisant of regulatory and legal obligations.

- Represent the Luxembourg Compliance & Risk function in any strategic initiatives, as may be deemed appropriate and in relevant global forums.

Operational:

-Act in the capacity of “RC” (responsable du contrôle du respect des obligations professionnelles), supporting the business and the individual “RR” (responsable du respect des obligations professionnelles) role-holder for the Luxembourg business.

- Provide strategic compliance advice to the Luxembourg business and ensure the day-to-day compliance obligations are discharged in a timely and accurate manner.

- Accountable for the day-to-day operations and the implementation of the CSSF's AML/CFT framework.

- Track and interpret all AML/CFT-related regulatory developments, engaging the RR, Interim Chief Risk Officer and/or the local Board of Directors, as appropriate, ensuring necessary standards are reflected in local policies, process and controls.

- Ensure the maintenance of relevant local AML/CFT procedures and processes, where applicable, in addition to providing training to staff.

- Perform local AML/CFT risk assessment.

- Oversee onboarding of new clients, file reviews and transaction monitoring processes.

- In line with Group initiatives, develop and maintain the appropriate governance and management information mechanisms and processes to ensure local management and other stakeholders have sufficient information on relevant risks.

- Provide advice and training on relevant Compliance & Risk activities and support applicable to local teams, engaging them on risks and priorities.

- Provide mentorship to relevant teams to ensure compliance and encourage continuous improvement.

- Oversee FATCA/CRS obligations and reporting.

- Raising awareness, providing guidance and support to the team on tax fraud (incl. CSSF circular 17/650, DAC 6, FATCA/CRS…).

- Be the local point of contact for the Group DPO.

Act as the Compliance Officer for the respective businesses:

- Lead the relationship with the CSSF and other relevant external authorities and stakeholders.

- Assume responsibility for the function for the respective businesses, providing leadership, guidance and development to staff across the businesses.

- Actively contribute to, and participate in, GRC global forums and projects.

- Promote and ensure appropriate observation of the three lines of defence model.

- Overall responsibility for the design, build and delivery of the Compliance Monitoring Programme for the respective businesses.

- Oversee, test and provide assurance on compliance activities and reviews undertaken within the first line of defence.

- Provide timely and accurate advice to the board/s and staff members on compliance and risk matters.

- Maintain and ensure compliance with company standards, policies and procedures.

- Assume overall responsibility for the production, presentation and documentation of Management Information as required in each respective forum.

- Lead the GRC component of Group processes around recruitment, training, performance management etc.

- Champion a culture which encourages transparency, compliance and risk management.

THE CANDIDATE PROFILE:

- Experience of managing a regulatory relationship within the Luxembourg finance industry.

- Previous experience in a compliance or control function within a financial institution, covering both unregulated and regulated products (AIF, SOPARFI, SIF, SICAR).

- Substantial and demonstrable experience in a senior compliance role.

- Fluent in both French and English.

- University degree in Law, Finance or Economics.

- Recognised and relevant professional qualification (preferably ICA) is desirable.

- Leadership and stakeholder management skills.

- Good organisation and time management skills.

- Excellent communicator, strong in verbal, presentation and written formats.

- Strong business acumen, a problem solver with an open mind who sees the big picture.

- An ability to work under pressure and make decisions/recommendations in a fast-moving professional environment and in situations of uncertainty.

- A leader by example who will not be afraid to understand all aspects of any role.

THE CLIENT:

Our client is a corporate services provider within private equity and real estate.

At the final stages of the recruitment process, some of our clients ask the successful candidate to provide supporting documentation such as, for example, copies of diplomas or proof of previous jobs, and a standard criminal record check might also be requested.