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Senior Compliance Officer for AIF (m/f/d)

Job ID: 6125

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Region:

English

For our client, a leading Asset Management boutique with a continuous high growth rate, we are currently looking for a

Senior Compliance Officer (m/f/d)

for their Luxembourg office.

Your responsibilities:

You will be responsible for producing timely and accurate compliance and AML reports for the AIFM.
You will need to escalate any compliance/AML findings to the conducting officer and the executive committee.
Preparation of compliance Committee Minutes and the related documentation.
In this role you will support and assist in any request coming from the internal and external auditor of the AIFM from a compliance/AML point of view.
The guarantee the correct handing of complaints and oversee the delegated functions by doing the due diligence exercises.

Your profile:

Master in Law or an equivalent degree
Holder of relevant Compliance AML certificates
A minimum of five years professionalö experience in a Compliance or AML related function in an AIFM.
Advanced knowledge of investment funds industry compulsory
Capable to review policies and procedures to comply with the relevant regulations.
Sorrow knowledge of AIFMD legislation and CSSF Circular 18/698.
Familiar with Delegates Oversight and Complaints Handling.

If you are interested in this position, please forward your application documents (including salary expectation) via our form.

Jobs in Compliance in Luxembourg

Compliance jobs in the finance sector in Luxembourg involve ensuring that a financial institution or company follows all relevant laws, regulations, and internal policies. This may include areas such as anti-money laundering, anti-fraud, and financial reporting.

Some specific responsibilities of a compliance officer in the finance sector in Luxembourg may include:

Reviewing and analyzing financial transactions to identify and report any suspicious activity
Providing guidance and training to staff on compliance matters
Reviewing and updating compliance policies and procedures
Conducting risk assessments to identify potential compliance issues
Monitoring changes in relevant laws and regulations and ensuring that the company is in compliance
Investigating and responding to compliance-related inquiries and complaints
Collaborating with other departments, such as legal and risk management, to ensure compliance with all relevant regulations

Anti-money laundering (AML) is certainly the most relevant sub-category and specialisation with numerous job opportunities in Luxembourg. It refers to a set of laws, regulations, and procedures intended to prevent, detect, and report money laundering activities. Money laundering is the process of making illegally-gained proceeds (i.e. “dirty money”) appear legal (i.e. “clean”). AML regulations typically require financial institutions and other regulated entities to implement internal controls, conduct customer due diligence, and report suspicious activity to the relevant authorities. The goal of AML regulations is to disrupt the ability of criminals to operate and to protect the integrity of the financial system.

To be eligible for a compliance job in the finance sector in Luxembourg, you will typically need a bachelor’s degree in a related field such as finance, law, or business, and relevant work experience. Furthermore, many employers expect additional certifications. Strong analytical and communication skills, as well as the ability to work independently and handle multiple tasks, are also important for success in this role.

A good start for additional research is the Association of Luxembourg Compliance Officers for the Financial Sector which was created in 2000. They also provide pieces of training: https://www.alco.lu/

There is a great bandwidth of universities and private companies that offer certifications and training for Compliance Officers with a focus on working for the financial sector.

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