Senior Associate

Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years' experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary:  The Senior Associate – Fund RC will need experience of UCITS and AIFMD regulations. He/she will provide technical RC support to the Luxembourg based team and to its affiliate entities. He/she will primarily focus on RC mandates for key clients of Waystone Management Company (Lux) SA. ("Waystone")

KEY DUTIES AND RESPONSIBILITIES

Undertake the RC role for UCITS and AIF structures on behalf of Waystone clients and ensure the respective AML policies at fund level are implemented.

Draft and/or update of policies / procedures for clients.

Assist in the identification, review and reporting of relevant compliance KPIs for management. 

Support with regulatory interaction and correspondence

DAY TO DAY DUTIES and RESPONSIBILITIES

• Preparation of the RC reports for the Board meeting on a quarterly basis & attendance at Board meetings to deliver same.
• Review of the KPIs provided by the fund transfer agent ("TA").
• Preparation of the annual RC report.
• Update of the AML/CTF Policy of the fund.
• Update the AML/CTF Risk assessment of the fund.
• Manage TA escalations.
• Completion and review of the Market Entry Form.
• Prepare and present regulatory updates for the Board of the fund when/where necessary.
• Review of TA procedures.
• Handle queries from CSSF.
• Prepare AED annual reporting as well as AED RR/RC notification for RAIF.
• Reporting to the FIU where/when necessary.
• Communicate effectively with clients to build respect and resolve any potential issues.
• Actively question methods and processes with the view to making the team more effective and efficient.
• Escalate all material issues as and when they arise to the Head of MLRO Services and the Head of Compliance (Lux) (where necessary).
• Assist in the management of the Breaches and Escalation procedure to ensure that all matters are followed up, concluded and appropriately logged and reported.
• Assist with developing/implementing corrective action plans resulting from Regulatory inspections, external or internal reviews e.g. internal audit.
• Ensure all periodic regulatory filings are submitted on a timely and accurate basis.

THE IDEAL CANDIDATE SHOULD

• Enjoy working in a team environment.
• Enjoy and display open communication.
• Maintain good working relationships and good communication channels with the business and liaise with them in an open and collaborative manner.
• Promote a compliance focused culture within the Waystone Group and clients.
• Share key learning and knowledge lessons at team meetings or training sessions.
• Must want to work in a fast-paced environment
• Happy to provide support to wider team as needed.
• Be fluent in English (any additional language is an asset).

REQUIREMENTS

Education:

• An internationally recognized degree and/or professional qualification in Finance, Economics or Law.
• Professional certification in Compliance would be an advantage.

Experience:

• Minimum of 5 to 7 years' relevant experience in compliance within the financial sector.
• Strong knowledge of UCITS and AIFMD regulations.
• Knowledge of the Luxembourg regulatory landscape and a clear ability to interpret and understand the implications of new regulations. Exposure or experience of other Jurisdictions is a plus.
• Strong time management, organizational skills, oral and written communication skills, critical thinking and attention to detail is required.
• Strong working knowledge of fund documentation and regulatory requirements.
• MS Office skills
• RC experience will be considered as a key advantage.