Senior Manager, Compliance – Luxembourg

Role Summary

​The Senior Manager is a key member of the Compliance team. The Senior Manager who will report to the Head of Compliance will manage daily compliance activities and assist the business with any compliance related projects.

Key Responsibilities

• ​Report to the Head of Compliance;
• Manage the compliance monitoring controls and testing;
• Manage daily compliance activities, and also work on ad hoc compliance projects;
• Help the business to respond to regulatory changes affecting AIFS and corporate domiciliation work;
• Work to constantly evolve the compliance controls and procedures to ensure policies and procedures are as good as can be;
• Communicate effectively with others in the business, providing guidance on compliance issues to operational colleagues;
• Develop comprehensive assessment solutions to meet key stakeholders reporting requirements;
• Responsible for ensuring the efficient and timely implementation of new regulatory requirements for the investment fund business;
• Perform regular periodic checks on procedures and controls to ensure these are compliant with the current applicable corporate functional manual requirements (FIM) and with Luxembourg regulations;
• Responsible for leading regulatory development regarding planning and adherence;
• Establish systems and controls relevant to regulatory developments;
• Identify the impact of regulatory developments on the activities of compliance function.
• Provide guidance and advice to senior management on relevant regulations;
• Conduct assessment of the business model, corporate structure, policies and procedures of corporate clients;
• Provide guidance, oversight and subject matter expertise to 1st Line of Defence teams across the organisation
• Review politically exposed persons (PEPs) and sanctions alerts, analyse the available data and make decisions or give recommendations to the local Compliance Officer or RC;
• Review, prepare and submit suspicious activity reports internally, as well as externally to local financial intelligence units and other government bodies if needed;
• Analyse and review information requests by regulatory and law enforcement bodies and coordinate responses across Compliance teams in accordance with policy;
• Support the local Compliance Officer or RC in the execution of duties and fulfilling reporting obligations to the local regulator;
• Identify threats and opportunities that need to be addressed through projects involving various elements (i.e. procedure changes, engagement with commercial or product teams to remediate a situation or address an opportunity, etc.);
• Ongoing review of PPRO’s policies and procedures to ensure they are maintained in accordance with the regulations in force;
• Prepare reports and written communication designated for management as needed.

Skills & Experience

• ​Have a relevant degree, Masters qualification in a legal, financial or compliance related subject;
• Experience and expertise in day-to-day compliance operations of a regulated financial institution;
• Probably possess between 7– 10 years’ experience;
• Ability to take decisions and take actions rapidly (as may be expected from a Compliance Manager);
• Fluent spoken and written English, other languages being a benefit;
• Be able to take sensible swift decisions, taking ownership of issues;
• Possess the ability to influence and communicate effectively;
• Result orientation and ability to work through to a conclusion;
• Methodical approach to problem-solving and managing your workload.