Distribution Oversight Director

**Job Summary**

**What is the opportunity?**

Reporting with a hard reporting line into the Conducting Officer Distribution, Luxembourg, and a dotted line into the 1st line AML / KYC team in London. The objective of the role is to ensure the Manco complies with its regulatory obligations on marketing intermediaries. The AML/KYC officer will be responsible for carrying out KYC responsibilities in relation to the marketing intermediaries engaged with the company as well as other counterparties related to our fund distribution. In addition, the AML/KYC officer will be responsible for conducting all due diligence on marketing intermediaries, on an initial and

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

**What will you do?**
- Performing KYC checks on distributors and related counterparties and liaising with MLRO and Compliance team accordingly
- Performing due diligence on existing and new distributors for the BB Funds
- Performing due diligence on existing and new clients entering into a rebate agreement with Manco
- Monitoring consumer duty, marketing communication, any regulatory updates for distribution: organising and minuting meetings, action points proactive follow-up and report to board and COs
- Relationship with due diligence vendor, UME (monthly catch-up, keeping up to date the platform, attending meetings throughout the year to discuss new DD questionnaire, tools).
- Dealing with execution of docs for distribution (handling signatures, logging in agreement log and saving in VP)
- Answering internal and external audit requests for distribution

**What do you need to succeed?**

**Must-have**
- Law degree / Business Graduate
- English fluency, other European languages helpful
- Legal and regulatory background
- Knowledge of Luxembourg regulations
- Extensive experience in a Distribution Oversight position
- Excellent verbal and written communications skills and strong attention to detail.
- Establishes and maintains good relationships and works effectively and cooperatively with others.
- Capacity to grasp new concepts/information quickly and adapt to changing work situations, as well as and a positive ‘can do’ attitude.
- Strong project management / organizational skills are essential in order to effectively respond and prioritize tasks effectively in light of changing workloads, as is the ability to demonstrate rigorous attention to detail, and ability to produce quality work whilst meeting deadline.

**Nice-to-have**
- Qualifications in auditing, monitoring or risk.

**What is in it for you?**

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Flexible working options fully supported.

**Job Skills**

Confidentiality, Cross-Functional Teamwork, Detail-Oriented, Financial Regulation, Interpersonal Relationship Management, Long Term Planning, Microsoft PowerPoint, Organizational Governance, Process Management, Time Management

**Additional Job Details**

**Address**:
4 Boulevard Royal, 2ND FLOOR:Luxembourg

**City**:
Luxembourg

**Country**:
Luxembourg

**Work hours/week**:
40

**Employment Type**:
Full time

**Platform**:
WEALTH MANAGEMENT

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2024-09-13

**Application Deadline**:
2024-09-27

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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