Senior Compliance Manager recruitment
In your bilingual (fluent French English) capacity as Compliance Manager for Luxembourg, you will be primarily responsible for the Luxembourg Branch and the Management Company. Over time this will extend to the Benelux region, in particular the Amsterdam Branch. This is a newly created position and you will be required to deliver a pro-active “consultancy” style advisory service, offering technical advice, and working closely with the business to provide guidance on corporate policy and regulatory issues impacting the business. You will be responsible for ensuring the activities meet legal and regulatory requirements, and for identifying and reporting any significant compliance risk issues to Senior Management and Global Compliance. Additionally you will also act as their Money Laundering Reporting Officer (MLRO) and Privacy Officer.
Although this is an autonomous position within Luxemburg, you will form part of the Cross-Border Compliance team, which provides regulatory support to management in Northern Trust’s mainland EMEA offices. As a member of this team, you will be required to assist in the compliance coverage of other EMEA offices and in the identification, interpretation and implementation of regulatory changes, in particular UCITS IV, AIMFD, and other significant international and local legislative developments.
Principal Responsibilities
- Oversees the compliance function in Luxembourg and other assigned EMEA offices.
- Provides compliance leadership and guidance to management and staff.
- Proactively identifies situations that may pose significant compliance risk and guides management in the development/reviewing of applicable policies, procedures and business practices.
- Provides advice and training on anti-money laundering, sanctions and privacy matters and performs the role of MLRO, including carrying out AML risk assessments.
- Works with the EMEA Regional Compliance Monitoring Testing team to ensure the annual programme reflects key areas of compliance risk in the relevant offices and is executed on a timely basis.
- Works with the EMEA Regulatory Developments Co-ordinator in the review and analysis of new regulatory developments and maintains oversight of developments impacting NT’s EMEA business activities.
- Researches and helps with the implementation of new regulatory changes.
- Interacts and develops strong relationships with regulators, internal and external auditors and other members of the Risk and Compliance team, both in Luxembourg and across US and EMEA offices.
- Builds effective internal and external networks that ensure awareness and application of best practice across the organisation.
- Develops intergroup relationships.
SKIILS/EXPERIENCE
- Fluent in English French. Any other additional language would be advantageous.
- Highly motivated individual with a proven record of problem solving and delivering effective solutions.
- Strong leadership and persuasive skills.
- Ability to produce and communicate advice in a clear effective manner.
- Excellent written/oral communication skills.
- Good organisational and analytical capability.
- Attention to detail and total focus on quality and client service.
- Collaborative and consensual approach to work.
- Experience of working across multiple jurisdictions
- Compliance experience from within a fund accounting/custody/asset servicing or asset manager preferred. Experience within legal or accounting also considered.
- Knowledge of laws and regulations governing the local financial services industry, in particular management companies, preferred.
- Good knowledge of Money Laundering and Privacy laws and regulations.
- Degree is desirable.
CORE COMPETENCIES
- Communication and Influencing
- Judgement issue Resolution
- Planning and Organising
- Continuous Improvement
- Teamwork and Collaboration