Compliance Associate

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LI-DNI

**LaSalle’s Luxembourg business**:
LaSalle’s AIFM is regulated by the CSSF and acts as the “portfolio manager” and “risk manager” of a number of LaSalle sponsored funds that target a diverse range of strategies in respect of real estate investments in Europe, the Americas and the Asia Pacific. The AIFM currently has sixteen funds under management with a total AUM exceeding €8.5b (which amount AUM is expected to grow substantially over the next few years). LaSalle sponsored fund’s range in strategy from core to value add, to securities and fund of funds.
LaSalle’s unregulated business largely provides financial, administrative and legal services to certain unregulated funds and SPV’s for our suite sponsored products. LaSalle’s Luxembourg platform is considered a priority business of LaSalle and LaSalle is focused on ensuring that the business is properly resourced with talented people able to meet the commercial and legal demands of its internal and external clients, whilst also meeting the regulatory requirements of Luxembourg law and the expectations of the CSSF and the AED.

**LaSalle’s Legal & Compliance Team**:
The role of ‘Compliance Associate’ will sit within LaSalle’s European Legal & Compliance team and will provide compliance and business-related support to both the LaSalle AIFM and LaSalle’s unregulated business. LaSalle’s European Legal & Compliance Team is comprised of over twenty legal and compliance specialists (of which ten are based in Luxembourg).

**Role and Accountabilities**:
Without limiting the generality of the above, the scope of the role is broken into several key areas:
Compliance Framework
Assist the Compliance Officer and the Conducting Officer in their work on Compliance and AML matters relating to LaSalle’s AIFM and LaSalle’s unregulated business;
Provide advice regarding CSSF/AED requirements and broader compliance related topics (e.g. GDPR, anti-bribery) to the board of managers of the Lux entities and other colleagues in Luxembourg and other offices;
Act as the point of contact for compliance related matters with regulators;
Deliver compliance related training to members of the LaSalle business;
Contribute to the preparation of periodic written MLRO and Compliance reports to the board of directors and the management committee;
Identify and assess the compliance risks associated with the organization’s current and proposed future business activities, including new products, new business relationships and any extension of operations or network on an international level;
Maintain key compliance documents, databases and registers (with a view to keeping LaSalle’s business “audit ready”);
Write and update internal compliance policies and procedures;
Review and make recommendations in respect of new CSSF rules and EU Directives;
Work with, and share best practices with, the other Country Compliance Officers (in particular, contribute to digitalisation projects);
Work with the European Legal and Compliance Team on cross-border projects;
Identify where compliance matters can be simplified or digitalized with a view to improving efficiencies in the delivery of services.
AIFM Internal Control Plan
Assist with the implementation of the internal control plan;
Assist with the internal control plan, report on findings, make recommendations and ensure they are successfully implemented;
Critically assess the appropriateness of internal policies, procedures and guidelines, if necessary make recommendations for amendments, and supervise the implementation of corrective measures to mitigate the identified deficiencies.
Support relevant departments during the creation and management of funds in terms of compliance and AML reviews.
Support relevant departments during the annual reporting process (auditors, CSSF, etc.)
Actively participate to any Luxembourg projects.
KYC and sanctions
Maintain, oversee and sign-off KYC and client categorization checks;
Maintain the KYC framework for counterparties;
Oversee and advise other Country Compliance Officers on the Luxembourg KYC requirements and framework relating to new counterparties and tenants;
Oversee and prepare relevant analysis and reports on AML issues;
Oversee the delegated functions of AML for the unregulated business.

**Required Qualifications & Experience**:
Educated with a relevant bachelor’s degree ideally in Business, Finance, Law or Compliance;
Minimum two to three years’ experience in a similar position within an AIFM and/ or UCITS Management Company, or within the Regulatory Consulting practice of a Big 4 firm;
Good knowledge and experience of the Luxembourg investment funds’ ecosystem and the various players involved in the day-to-day activities of an investment fund. Good knowledge of private equity and real estate funds is a significant advantage
Good knowledge and understanding of AIFMD and anti-money laundering