Head of Compliance – Conducting Officer Luxembourg – CCA097
Our client is one of the best known and well-respected fund managers in the UK offering investment services both individual and institutional investors With more than 50bn GBP AUM, and a sustained period of International growth across European and Asia the organisation is on track to continue in this positive curve of development.
The decision has been reached to launch a Luxembourg Super ManCo; a full team of conducting officers will be engaged.
Reporting line – Compliance Director [London]
This role is a Conducting Officer role which will require approval from the CSSF. The candidate will be the Compliance Officer and the Money Laundering Reporting Officer (MLRO) which both require notification to the CSSF.
Overview of Role
This is a senior level Compliance role which will be responsible for identifying and evaluating the compliance risks within the Company;
- organise, coordinate and structure compliance-related (de)centralized controls;
- control and monitor all measures taken to mitigate the Compliance Risks;
- report accordingly to the other Conducting Officers and the Directors of the Board, as appropriate;
- act as an adviser in compliance matters within the Company;
- build sustainable competitive advantage to the Company by fully integrating compliance management in daily business activities of the Company, by deepening the culture of compliance.
The Compliance Function intervenes at the second control level, as defined in the CSSF Circular 98/143 on Internal Control, meaning that it forms part of the overall controls which shall be carried by the Conducting Officers responsible for the daily management, who are empowered effectively to determine the direction of the Company and which possess adequate professional experience. Such controls shall be performed on activities of the Company under its direct responsibility.
Responsibilities Compliance Officer
- identify the Compliance Risks associated with the Company’s current and proposed future business activities, including new products, new business relationships and any extension of operations or network on an international level, and assess their significance as well as their potential consequences on the Company;
- identify and keep an inventory available to all Employees, this includes employees of the Company as well as its branches, of essential applicable rules;
- advise Conducting Officers on any issues concerning compliance and rules in the Company, notably by informing the latter about any developments on laws, regulation, rules and standards which might have an impact on the area of compliance;
- ensure that the Company has rules which may be used as guidelines to Employees and business activities through policies and procedures useful for the performance of their day-to-day business, namely by participating to the drawing up and implementing, where necessary, such internal control procedures;
- ensure that the Company policies and procedures are appropriately reflected in the instructions, procedures and internal controls of the Company for all areas falling within the supervision of the Compliance Function;
- monitor compliance and assess the appropriateness of internal policies, procedures and guidelines, if necessary by relying in the works of internal audit, make recommendations for amendments and perform regular and comprehensive Compliance Risks assessments and testing;
- recommend corrective measures, ensure a follow-up of any identified deficiencies, supervise their implementation and ensure that corrective measures have proven to be efficient;
- centralize all information on compliance-related issues (ex.: breach of regulation, non-respect of procedures, conflict of interest);
- educate Employees with respect to the importance of compliance and related aspects and act as advisor on compliance queries from Employees;
- fulfil notification requirements with relevant external bodies and regulators on compliance matters and exercise any specific legal responsibilities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing;
- review any complaints and escalate as appropriate, in accordance with the group policy and local regulatory requirements;
- provide compliance related guidance and advice to the Group and input into the London Compliance meetings as necessary;
- establish and/or supervise appropriate compliance checks and controls;
- document all work carried out by the Compliance Function;
- report on an ad hoc basis to the Conducting Officers and, if necessary, to the Directors on significant issues and deficiencies observed as regards procedures and Compliance Policy as well as any measure taken; and
- report on a regular basis to the Conducting Officers on its activities and functioning including a list of significant issues that have occurred since the last report and on all other activities it carries under its Compliance Function.
If you are interested in this position or would like to discuss other roles that we are currently recruiting for, please forward your CV in English by applying online.