Job Description
Job DescriptionOur client is a specialist fund management company that takes pride in having a distinct culture and approach to running money. The company launched in 1995 and listed on the London Stock Exchange in 1999. They are an independent business with no corporate parent, their head office is in London, and they have offices in Europe too. In order to expand their offices, our client is offering a permanent contract as a Compliance Executive who reports to the Compliance & Risk Officer.The candidate is responsible for :Ensure our client complies with the various CSSF regulations applicable to a PFS Investment and its regulatory obligations in the jurisdictions where its branches are located.Review and apply the various policies and procedures applicable to our client within a Compliance Manual document.Identify, mitigate, monitor and report on risks to the businessEnsure that the cross border obligations are respected in the countries where the investors are targetedImplement the AML/CTF policy and procedures such as the performance of the desktop-based KYC and due diligence of potential investors and sub-distributors.Help the Compliance & Risk Officer with the internal and external auditors requests.Responsible for assisting with the set up of our client to comply with the various regulations relevant to the entity.Responsible for managing, updating and putting in place the various Policies and Procedures that are relevant to LESAReview International Financial Promotions and ensure that cross border obligations are respected in the countries where the meetings are taking place.Review regulatory developments/updates from the CSSF, ALFI and ESMA etc on a weekly basis and flag any developments which require further attentionResponsible for ensuring that the Firm complies with all of the professional obligations with respect to AML/CTFResponsible for Centralising all information concerning compliance matters (e.g. breach of a regulation, non-compliance with procedures, conflicts of interest), draft required communication (e.g.: to the CSSF, etc.)Performing the KYC on the clients before entering onto business relationship.Regulatory responsibilities :Take proactive steps to keep up to date with regulatory updates to ensure a detailed understanding of compliance pertinent to your workCompliance with those aspects of the ESMA and MiFID II product governance and knowledge and competences requirements - including adherence to the FCA' Conduct Rules:You must act with integrityYou must act with due care, skill and diligenceYou must be open and cooperative with the CSSF and other regulatorsYou must pay due regard to the interests of customers and treat them fairlyYou must observe proper standards of market conductYou must act to deliver good outcomes for retail customersAdhere to the requirements for Continuing Professional Development (CPD)Take proactive steps to keep up to date with regulatory updates to ensure a detailed understanding of compliance pertinent to your work * The FCA Consumer Duty sets the standard of care that our client should give to customers. As part of delivering good outcomes for retail customers, you must:Act in good faith towards retail customersAvoid foreseeable harm to retail customersEnable and support retail customers to pursue their financial objectivesRiskBe aware of the risks to the firm, and to its clients, of your actions and responsibilitiesEnsure that as these risks change, or new risks arise, these changes are clearly communicated throughout the firm as appropriateManage these risks appropriately including involving your line management as necessaryThe candidate has knowledge on the European Funds Compliance Monitoring, Risk Assessment, Internal Audit skills, Project Management, Report Writing. He has analytical skills (Regulatory interpretation) and influencing skills. He has a good understanding of the financial sector and regulatory knowledge :The CSSF Circulars relevant to Investment Firms, with particularly detailed knowledge of Circular 20/758.Anti Money Laundering regulations in Luxembourg Regulations and others as applicable.Knowledge of the products offered by the firm and the importance of being a regulated firm as applicable to the role is expectedAn understanding of the rules, regulations, policies and procedures as set out in the key policiesJobs.lu
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