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Senior Risk & Compliance Manager (Ref.LCL136) – OPEN

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.

Please see below job description and if you believe you have relevant experience and would like to be considered for the post please send us your CV in English by clicking on the below APPLY button.

Alternatively you can send us your profile to legaljobs@falkerin.lu or operationaljobs@falkerin.lu. Please make sure to include job Reference#.

Work place: Luxembourg
(Ref.LCL136)

Responsibilities:

  • Responsible for overseeing operational risk and both regulatory and financial crime compliance risks to the business
  • Ensuring that the business understands its regulatory and legislative responsibilities
  • Compliance responsibilities include:
  • • Liaison with the CSSF
  • • Interpretation of rules affecting the PFS business and identification and analysis of regulatory, and financial crime related legislative changes
  • • Production of relevant management information for the Company and for Group Compliance
  • • The consistent application and review of compliance policies and procedures to comply with relevant regulations and M&G Group policy requirements
  • • Working with Group Compliance and Financial Crime Compliance (FCC) teams to provide oversight of third parties and to oversee the local branches and subsidiaries of the Company
  • • Working with Group teams in supporting the distribution of funds across all relevant jurisdictions
  • • Maintain Compliance processes for the approval of financial promotions and marketing literature
  • • Delivering training to employees and developing a robust compliance culture
  • • Approve escalated financial crime concerns; filing STR reports to the local FIU in respect of suspicious activity when necessary
  • Risk responsibilities include:
  • • Implementing the Risk Management framework and processes (operational risk; incident oversight and review, risk control self-assessment, risk appetite, action tracking)
  • • Reviewing compliance with, and the effectiveness of the Risk Management procedures
  • • Performing periodic risk assessments to assist management to identify, monitor and manage the risks of the Company
  • • Performing operational incident reviews
  • • Support the development of a Risk Management culture and awareness
  • • Overseeing risks in relation to the branches and subsidiaries of the Company
  • • Reporting to Senior Management, the group, authorities and regulators and other key stakeholders including the Group Chief Risk Officer

Requirements:

  • University degree (or equivalent qualification) with the relevant Compliance qualification (e.g. International Compliance Association, Certified AML Specialist)
  • Relevant investment management qualification (e.g. Investment Management Certificate, Investment Operations Certificate)
  • Excellent written and oral communication skills
  • Ability to resolve complex issues
  • Ability to manage and deliver change
  • Team player, supportive with collegiate approach
  • Be proactive, demonstrate well considered judgements and anticipate emerging risks
  • Professional knowledge of the Luxembourg legal and regulatory framework including financial crime (AML, CTF, Fraud, Sanctions, ABC and tax evasion)
  • Extensive regulatory, compliance and working knowledge of marketing and distribution of funds investment services within the EU is essential along with Operational Risk Management experience

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