Associate Director Compliance

Falkerin Recruitment specializes in Legal & Compliance, Accountancy & Finance as well as Banking and Operational Services recruitment. We are also often mandated to assist in recruiting for Business Support roles such as HR, Personal Assistant, Receptionist or Administrative Officer positions. We work with leading financial institutions in Luxembourg. Our clients’ portfolio include major Service Providers, leading Fiduciaries, Management Companies, Real Estate Investments and global Private Equity Houses.

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If the role is not in-line with your expectations but you would like to receive professional advice regarding your career, Luxembourg labour market or more information about other current job opportunities please contact us either by using one of the two electronic forms available on this website or by calling our Luxembourg office at**: T: +352 20 33 4240 or M: +352 691 728 795.**

Work place: Luxembourg

(Ref.# LCL740)

**Responsibilities**:

- Be responsible for the management and oversight of the Luxembourg Compliance activities
- Lead the Compliance Team (4 FTEs)
- Provide leadership, mentoring, training and development to the Compliance Team
- Maximise effectiveness of the Compliance Team operations
- Identify and manage the successful delivery of Compliance projects ensuring a business-driven approach
- Support the development of the Compliance activities in any other EU jurisdiction where the company has/will have a presence
- Connect with and collaboratively work with Compliance representatives of other offices
- Develop an effective Compliance culture with appropriate policies and procedures that reflect the current regulatory requirements and legislation
- Providing support, education and training to all employees to build awareness of regulatory obligation
- Promote awareness of, and compliance with policies and procedures
- Be a point of contact for liaising, in Luxembourg, with the Commission de Surveillance du Secteur Financier (“CSSF”)
- Prepare and submit written reports, as appropriate, on Compliance matters to the Management Board
- Act as escalation point for the review of all breaches and complaints recorded on the registers, ensuring appropriate due process is followed internally
- Responsible for ensuring the effective implementation of the Compliance Monitoring Programmes (“CMPs”) for the Fund, Corporate and Depositary activities
- Act as key stakeholder and coordinator of the annual internal and statutory audit reviews on Luxembourg
- Regularly review and assess the adequacy of the CMPs, ensuring that they capture newly emerging regulatory changes
- Attend the Aztec Luxembourg Board meetings and any other Board meeting as required
- Report the findings from CMP to the Luxembourg Board or any other Board as required
- Attendance, if and when required, at clients’ Board meetings
- Ensure regulatory updates are effectively communicated throughout the business and appropriate actions are taken
- To be a member of the Luxembourg New Business Committee
- Attend, when needed, the Group Compliance Assurance Forum
- In conjunction with Legal Team, ensure that Luxembourg’s policies and procedures satisfy regulatory requirements and are operationally effective
- Remain up to date, interpret and disseminate information about regulatory requirements and changes and ensure policies, procedures, documents and compliance tools are adapted to accommodate any such changes

**Requirements**:

- A university degree in Law or Finance or Economics and/or relevant professional qualification(s)
- At least 8 years’ relevant experience in a compliance role within the financial services sector
- Experience and knowledge of the alternative investments sector, with strong focus on the fund administration, depositary and AIFM activities and requirements
- Sound technical financial services knowledge (fund administration, depositary and AIFM)
- Confident in dealing with Senior Executives / Board members
- Ability to take ownership and demonstrate initiative, to negotiate, influence, build consensus and successfully navigate within a demanding environment;
- Self-motivated and capable of prioritising and organising workloads as required
- Excellent interpersonal skills are an essential requirement in order to develop close working relationships with colleagues and business contacts
- A detailed understanding of, and experience with, performing compliance activities within a financial services company (preferably a fund administrator or an AIFM)
- Good knowledge of the European and Luxembourg regulatory environment
- Strong, clear and concise communication skills (both written and verbal)
- Excellent project and change management expertise
- Experience of day-to-day supervision of teams and management of direct line reports
- Fluent in English, both written and oral good knowledge of French is strongly recommended. Any other lang