Associate Director, Aml

**Job Summary**

**What is the opportunity?**

You will assist the BlueBay Funds Management Company S.A. RC (“MLRO”) and business in embedding AML Compliance and AML compliance management in the culture of BlueBay Funds Management Company S.A. (RBC BlueBay Asset Management) business and operations, ensuring that BlueBay Funds Management Company S.A. operates in accordance with relevant regulations and internal procedures.

You will align AML regulatory priorities with the business and BlueBay Funds Management Company S.A., create and maintain an effective relationship with regulators and external auditors to enable reputation and regulatory issues to be appropriately managed, establish and maintain a strong, effective control environment and identify and communicate financial crime risks inherent in the business to senior management and the business.

We would consider someone open to relocating to Luxembourg and support will be provided.

This is a full time position which will require a minimum of 4 days working in the office.

**What will you do?**

Assisting the appointed Money Laundering Reporting Officer (MLRO) for BlueBay Funds Management Company S.A. and its branches in Germany, Italy, The Netherlands, Spain, Sweden and France on the oversight of the AML framework.

Manage all day-to-day AML deliverables for BlueBay Funds Management Company S.A., specifically perform the following tasks:

- Conduct initial and ongoing AML/KYC due diligence on delegates and other service providers in line with Luxembourg regulatory requirements and internal policies;
- Review and validate identification documents, source of wealth/funds, and ownership structures (including UBO analysis);
- Conduct enhanced due diligence (EDD) for high-risk relationships;
- Liaise with counterparties, clients, and service providers to gather missing documentation or clarify KYC issues;
- Perform comprehensive AML risk assessments and ensure timely escalation of high-risk issues;
- Oversee and monitor delegated/outsourced services (e.g., Transfer Agents, Investment Manager/sanctions screening and asset due diligence), ensuring compliance with regulatory obligations and internal standards;
- Assist in the completion and submission of MLRO monthly and quarterly reports and other regulatory reporting on AML, CTF and ABAC within the appropriate business groups identifying and escalating gaps and weaknesses within the control framework and development of action plans to remediate, where appropriate;
- Facilitate and coordinate regulatory reporting, including the preparation and submission of AML/CTF reports for the Luxembourg Head Office and all its branches;
- Participate in the development, review, and testing of AML/KYC policies and procedures to ensure alignment with evolving regulations;
- Conduct ongoing and event-driven name screening using external databases (e.g., World-Check) for sanctions, PEPs, and adverse media;
- Support transaction monitoring processes and escalate unusual/suspicious activity to the RC/MLRO;
- Review AML/KYC files for completeness and consistency, ensuring they meet both regulatory and internal standards;
- Liaise with internal stakeholders (Risk, internal Audit, Investment Oversight) and external parties (external auditors, service providers) as required;
- Create slides /deliver AML training to the business and promoting awareness across business units, identify and remedy training gaps, where appropriate;
- Assist in the completion of the annual statutory external AML audit and other AML audits including subsequent remediation of the identified audit findings; Management of AML regulatory, Internal Audit and AML Compliance Testing issues;
- Contribute to the ongoing enhancement of the company’s AML/KYC framework, including process improvements and implementation of best practices.

**What do you need to succeed?**

**Must-have**
- Strong experience in a similar role within the Luxembourg fund industry or financial services sector
- Masters degree or Law/Business Graduate (or similar/equivalent)
- Comfortable in multilingual and multicultural environment (including excellent English oral and written communication skills)
- AML Compliance experience within a financial institution or equivalent institution, or with a regulator and/or comparable environment is preferable
- Excellent knowledge of the Luxembourg AML CFT regulatory requirements (AML laws, regulations, directives and expectations, )
- Good knowledge of the Luxembourg Fund/Management Company/AIFM regulatory framework in order to provide AML compliance support to the business/operations
- Willingness to accept accountability and demonstrate initiative
- Ability to conduct duties expediently, aptitude for accuracy, attention to detail, and hands-on approach
- Strong attention to detail as well as analytical, organizational, and problem-solving skills
- Ability to maintain confidentiality of sensitive information
- Good computer literacy, knowledge of