PFS AML Compliance Officer

The Company

We are a leader in the Investment Services industry with locations including Luxembourg, Dublin, New York and Milwaukee and presently service multiple fund domiciles. Our innovative technology, coupled with a talented and motivated workforce allows us to deliver a superior service to our clients. We are committed to our services being of the highest quality and are continuously improving our technologies and processes, offering challenging, dynamic roles with excellent career prospects. We have established a Professional of the Financial Sector (“PFS”) in Luxembourg and have commenced operations in November 2020. US Bank Global Fund Services Luxembourg S.a.r.l, (the “Company”) has been authorised by the Commission de Surveillance de Secteur Financier’s (“CSSF”) to be licensed as a PFS offering fund administration, transfer agency, client communication and domiciliary agent activities to Luxembourg domiciled alternative investment fund structures and their SPVs. The Role: Reporting locally to the Managing Director Control and Support with a matrix reporting line to the group’s corporate compliance function, as Compliance Manager you will be responsible for ongoing compliance oversight and money laundering reporting relating to the Company. You will partner with all stakeholders to ensure local regulatory, fiduciary and compliance responsibilities are satisfactorily discharged. Additionally, you will represent the Company at regulatory meetings, client sales presentations, and industry events, where appropriate. You will be the primary subject matter expert for the Company’s activities and associated regulatory requirements, providing subject matter expertise to the first line of defence (“FLOD”) on the application of local and EU regulation.

Responsibilities:

• Execution of the Company’s compliance program.
• Ensuring that the Company’s compliance programs fully encompass all applicable Luxembourg regulations, legislation and regulatory guidance, and US Bank corporate requirements, where appropriate.
• Designated point of contact with local regulatory bodies.
• Primary day-to-day contact point for business line regulatory and compliance queries.
• Development and implementation of one or more Policies/ Frameworks, ensuring their alignment to relevant EU and Luxembourg regulatory requirements.
• Timely and accurate submissions to regulatory bodies arising from requests/inspections.
• Lead Compliance representative for FLOD led projects e.g. business expansion, acquisitions, new products and services etc.
• Development and execution of Annual Compliance Plan for the Company.
• Lead the implementation of regulatory change projects for the Company.
• Design and delivery of compliance training to the business and/or corporate functions.
• Oversight of the day to day execution of Compliance monitoring and testing in the Company.
• Distilling, drafting and presenting complicated issues and regulatory requirements to both internal and external stakeholders, including the drafting of explanatory guidelines/documentation as required.
• Production of material for inclusion in Compliance reporting.
• Regular attendance and presentations at meetings of the Board of Directors.
• Responsible for the review and sign-off of advertising/marketing materials for the Company.
• Other such duties as reasonably requested by management.

Deputy Money Laundering Reporting Officer (“MLRO”) The job holder will be designated as local deputy MLRO.. The role holder will also be responsible for the anti-money laundering compliance and reporting process consistent with the group’s model in addition to local Luxembourg requirements. Additional responsibilities will include;

• Luxembourg governance functions and reporting.
• Completion of AML risk assessments to a professional standard.

U.S. Bank Core actions and behaviours:

• Adapt quickly to changing priorities; create new and better ways for the organisation to be successful.
• Help others to continuously improve and achieve results.
• Explore multiple solutions to overcome obstacles.
• Anticipate future needs that may affect the team or organisation
• Search for ways to enhance the customer experience.
• Hold others accountable for meeting customer needs.
• Set high standards of performance for self and team.
• Help others meet commitments, goals and deadlines.
• Achieve results that have a clear, positive and direct impact on the business.
• Meet commitments and persist despite setbacks or obstacles.
• Demonstrate our core values through words and actions.
• Treat others with professionalism and respect by honouring agreements and commitments, while managing priorities.
• Create a climate where people are motivated to help the organization achieve its objectives.

Competencies

• Is collaborative in approach with strong emphasis on delivery and execution.
• Demonstrates strong oral and written communication skills.
• Exhibits a positive ‘can do’ attitude with excellent problem solving skills.
• Demonstrates an ability to interact and influence at a senior level.
• Demonstrates US Bank core behaviours on an ongoing basis.

Candidate Requirements:  

• Strong previous experience (8 years plus) in a Luxembourg compliance role, preferably in a fund service provider and/or credit institution.
• Strong previous experience in alternative investment funds, exposure to Luxembourg domiciled private equity/debt, hybrid AIF funds preferred.
• Proven track record of working on own initiative and delivering practical outcomes to a professional standard.
• Excellent assurance testing skills with an emphasis on evidence-based outcomes, prioritisation, issue management, and communication.
• Excellent understanding of the funds industry, with prior experience engaging with regulators and internal/external auditors.
• A relevant third level qualification (e.g. law, business, finance, Diploma in Compliance) essential.
• Fluency in English (both verbal and written) essential and ideally fluent in French.
• Compliance experience within funds industry and/or experience as an MLRO an advantage.
• Demonstrable experience of interaction and influencing at a senior level.