Compliance Executive M/F

Our 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 business
• Ensure that the cross border obligations are respected in the countries where the investors are targeted
• Implement 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 LESA
• Review 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 attention
• Responsible for ensuring that the Firm complies with all of the professional obligations with respect to AML/CTF
• Responsible 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.

• Take proactive steps to keep up to date with regulatory updates to ensure a detailed understanding of compliance pertinent to your work
• Compliance 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 integrity
• You must act with due care, skill and diligence
• You must be open and cooperative with the CSSF and other regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct
• You must act to deliver good outcomes for retail customers
• Adhere 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 customers
• Avoid foreseeable harm to retail customers
• Enable and support retail customers to pursue their financial objectives
• Risk
• Be aware of the risks to the firm, and to its clients, of your actions and responsibilities
• Ensure that as these risks change, or new risks arise, these changes are clearly communicated throughout the firm as appropriate
• Manage these risks appropriately including involving your line management as necessary

The 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 expected
• An understanding of the rules, regulations, policies and procedures as set out in the key policies