Manager - Fund Distribution (Luxembourg)

What are we looking for? The Manager – Distribution Operations (Marketing material) is responsible for ensuring that all fund‑related marketing communications comply with EU CBDF, ESMA Guidelines on Marketing Communications, FCA rules (COBS, FINPROM), and all relevant local regulatory requirements across the EU, UK, and other distribution markets such as APAC and the US. This role acts as the regulatory gatekeeper for UCITS/AIF or various countries equivalents marketing communications and other fund‑related materials, ensuring accuracy, fairness, balance, and alignment with internal policies and global distribution standards. The Manager will be responsible for overseeing the international distribution and registration strategy for investment funds across multiple jurisdictions. The role supports the expansion and maintenance of fund distribution networks by ensuring compliance with applicable regulatory requirements, coordinating cross-border registrations, managing relationships with regulators and service providers, and providing strategic guidance on market access and distribution opportunities. What are the minimum requirements you need for the role? Fund Regulatory Expertise — 4-6 years in fund compliance, marketing review, or regulatory advisory within UCITS/AIF environments. EU & UK Rule Knowledge — Strong understanding of EU CBDF, ESMA marketing guidelines, FCA COBS/FINPROM, and local NCA expectations. Investment Product Knowledge — Familiarity with UCITS, AIFs, ETFs, ELTIF. SMAs, and alternative strategies. Performance & Risk Disclosure — Ability to assess performance presentations, risk warnings, and scenario disclosures. Editorial Precision — Exceptional attention to detail and ability to identify subtle compliance risks in wording or presentation. Stakeholder Communication — Ability to translate regulatory requirements into practical guidance for non‑compliance teams. Workflow Tools — Experience with compliance review systems (e.g., Red Oak, Proofpoint, Seismic, or internal equivalents). Strong knowledge of cross-border fund distribution frameworks, including UCITS, AIFMD, CBDF, UK OFR, NPPR and other international registration regimes (local Private Placement Regimes). Preferred Qualifications Experience interacting with NCAs (e.g., CSSF, CBI, BaFin, AMF). Prior work in asset management, fund distribution, or global marketing compliance. Knowledge of PRIIPs, SFDR, MiFID II marketing rules, and Consumer Duty. What is your role and responsibilities? Marketing Communications Review — Review fund factsheets, presentations, web content, videos, social posts, and distributor materials for compliance with ESMA Guidelines. Apply ESMA’s supervisory expectations on marketing communications, including risk prominence, performance presentation, and investor‑type suitability. FCA Rules Application — Review materials under FCA COBS, FINPROM, and Consumer Duty expectations for UK distribution. Local Regulatory Interpretation — Monitor and apply jurisdiction‑specific rules (e.g., BaFin, AMF, CONSOB, CNMV) for cross‑border distribution. Risk & Issue Escalation — Identify regulatory, reputational, or conduct risks and escalate appropriately. Stakeholder Partnership — Work closely with delegates, client relationship managers, legal, and compliance teams to guide compliant messaging. Process Governance — Maintain and enhance the marketing review workflow, procedures, and documentation standards. Training & Guidance — Provide regulatory training to marketing and distribution teams on compliant communication standards. Audit & Recordkeeping — Maintain audit‑ready records of approvals, rationales, and regulatory interpretations. Global Fund Registration
- Manage the registration, passporting and ongoing maintenance of investment funds and share classes in global distribution jurisdictions, including EU/EEA, UK and other international markets. What Competencies do you require? Teamwork (Team player): Builds strong partnerships across the business, regulators and providers; aligns stakeholders to shared outcomes and resolves complex issues through collaborative leadership. Developing Others: Supports and develops colleagues through knowledge-sharing, coaching and peer review; may provide day-to-day guidance to junior team members and contribute to a positive team culture. Leading and Influencing: Builds credibility with internal stakeholders and providers; uses influence and evidence-based recommendations to drive timely decisions and follow-through in regulated and delegated environments. Effective Communication: Communicates with clarity and impact at all levels, producing concise executive-level reporting; presents complex risks and options in a way that enables timely decisions. Planning and Organising: Plans and organises work effectively, managing competing priorities and timelines; maintains trackers and governance calendars to ensure oversight activity is delivered on time and risks are escalated appropriately. Analytical (Attention to detail): Applies strong analytical judgement to complex MI and control evidence; identifies themes, assesses materiality, and drives action to improve risk and control outcomes. Strategic Focus (Problem-Solving): Thinks strategically and drives continuous improvement; anticipates regulatory and operational change, designing scalable solutions that improve controls, efficiency and client outcomes. Adaptability: Leads effectively through ambiguity and change; adjusts approach to different stakeholders and market/regulatory developments while maintaining clear direction and standards. Resilience: Maintains composure under pressure and supports consistent delivery during incidents, audits or regulatory scrutiny; escalates appropriately and helps drive issues to resolution. Drive and Motivation: Takes ownership for high-quality delivery; follows through on actions with providers and internal stakeholders, helping ensure commitments are met and control outcomes are improved. Client-centric focus: Balances regulatory obligations with client outcomes; builds trusted relationships and ensures the oversight function delivers a consistent, high-quality service model. Learning Mindset: Keeps current on regulatory and market developments; seeks better ways of working, champions modern tooling and data-driven oversight, and embeds learning across the team. Who is Carne Group? Carne Group has established itself in the funds industry with $2tn in AUM supported by 600+ staff and four regulated management companies. Together with a large team of industry specialists, Carne serves more than 650+ traditional and alternative asset management clients from key fund jurisdictions and financial hubs including Ireland, Luxembourg, Zurich, Lisbon, London, New York, Cayman and Channel Islands. Excellence and innovation are central to Carne’s work and we are committed to attracting and retaining the best talent to deliver an unrivalled service to our clients. Whilst working with Carne, you will be provided with opportunities to develop your skills and experience by working in a dynamic, innovative, and multicultural environment where exciting careers are built. We love hearing from anyone who is enthusiastic about changing the asset management industry. Not sure if you meet all the requirements? Let us decide Research shows that members of other under-represented groups tend not apply to jobs when they think they may not meet every qualification, when in fact, they do At Carne we are committed to creating a diverse and inclusive environment and strongly encourage you to apply.