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We are looking for a Conducting Officer of Compliance and MLRO to join our fast-growing, dynamic and entrepreneurial 3rd party Management Company (UCITS / AIFM) based in Luxembourg.
The purpose of the role is to ensure that the Luxembourg based Management Company and the funds are fully compliant to all the relevant rules and regulations.
The Conducting Officer in charge of Compliance will be a member of the Management Committee and reports to the Board. The Conducting Officer will also act as MLRO for the Management Company and the funds that we manage.
If you are not already a Conducting Officer, then we will expect you to become one when you join. We are looking for someone with proven leadership skills, who is empathetic, collaborative and results driven.
This role would suit an agile and dynamic leader with excellent communication and listening skills At Duff & Phelps, your work will help protect, restore and maximize value for our clients.
Join us and together we’ll maximize the value of your career. RESPONSIBILITIES :
Monitor compliance of the Management Company / AIFMs with the relevant rules, regulations and CSSF circulars (e.g. 18 / 698) and assess the appropriateness of internal policies, procedures and guidelines, make recommendations for amendments and perform regular and comprehensive compliance related risks assessments and testing,
Be the appropriate internal control function and recommend corrective measures, ensure a follow-up of identified deficiencies / issues, supervise their implementation and ensure that corrective measures have proven to be efficient,
Fulfil notification requirements with the CSSF on compliance matters and exercise any specific responsibilities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing,
Maintain and update compliance policies, procedures, compliance monitoring plan, AML policies etc.
As a part of the Conducting Officers team, report to the Board on regular basis as well on issues and deficiencies observed as regards procedures and policies as well as any measure taken
Assist in the preparation of the board reports specifically covering the compliance and MLRO part for both the Manco. and the funds under supervision
Work collegially with other Conducting Officers and fulfil specific roles and responsibility of the Compliance Function and MLRO,
Act as the Money Laundering Reporting Officer and prevent terrorism financing, which will include : AML Due Diligence oversight monitoring on delegates AML / KYC on new clients, delegates monitoring of blacklist filtering generally, ensuring of all the applicable measures
Perform oversight on TA delegates including onsite visits, specific testing, regulator monitoring etc.
Perform necessary AML checks on new delegates
Provide compliance and MLRO related updates to the Management Committee and Board of Director meetings for both the Manco.
and funds under supervision,
Manage ad-hoc Compliance projects,
Ensure smooth relationship with supervisory authority and auditors,
Formalize and strengthen the company’s procedures to constantly improve operational effectiveness,
Advise the team on developments on laws, regulation, rules and standards which might have an impact on the company,
Be responsible for managing the team and oversee the daily activities,
Ensure, collegially and as a member of the Conducting Officers team, adherence to legal and regulatory requirements,
Provide compliance related guidance and advice to the broader Duff & Phelps group as necessary and handle Luxembourg specific queries and questions,
Liaise with group compliance colleagues, especially The Chief compliance officer for Europe and Asia to ensure global consistency where possible and the Lux offices adherence to the wider group’s compliance policies Take ownership and bring a strong compliance expertise to the office.
University degree in finance or economics or relevant business experience
Strong knowledge of the Fund Services business and processes
Minimum 10 years of hands-on experience as a Compliance Officer, preferably within a Management Company.
Excellent knowledge of regulatory environment, including UCITS and AIFMD regulations, CSSF circulars, AML directives, FATCA / CRS etc.
Direct experience dealing with the CSSF, Fund Admins, transfer agents,
Good command of Excel, Word and excellent PowerPoint
Solution-driven and results-oriented, problem solving attitude, constructive mindset
Ability to manage multiple projects on various time scales, strong follow-up, prioritization and a team player
Proven experience and appetite to deploy concepts and ideas in practice
The ability and desire to create a strong compliance culture
Curiosity and eagerness to learn
Fluency in English, any additional European language will be an advantage
Additionally the following skills would be a desirable :
Experience in a Management Company will be considered a significant asset
Previous approval as a Conducting Officer will be an advantage
In order to be considered for a position at Duff & Phelps, you must formally apply via careers.duffandphelps.jobs Duff & Phelps is committed to equal opportunity and diversity, and recruits people based on merit.