Head of Compliance - Fund Services

Head of Compliance - Fund Services Luxembourg Introduction : Our client is a boutique Fund Services business, well established in Luxembourg with an international client base and a multinational office network. Job Description : As Head of Compliance, you are part of the international compliance department, which ensures that the business and its clients comply with all applicable laws and regulations, as well as supervisory requirements and internal policies and procedures. However, the definition of ‘compliance' covers much more than rules. Our client's compliance agenda is not solely driven by regulations; they take time and effort to ensure that their processes are fit for purpose in order to understand and manage their risks. As every client is different, we look for a balanced approach rather than relying on rigid procedures and checklists. In this role, you will work closely with the local management team to ensure compliance with local laws and regulations on a client level. You work closely together with other compliance officers globally, and you will also be part of our global Risk and Compliance community, maintaining high international standards of business integrity. Summarised as a Head of Compliance, you contribute to the compliance department in the broadest sense. Main responsibilities are : Providing input to local management and the Global Risk and Compliance Committee to further improve processes, leading to further lowering and mitigating compliance risks Acting as RC of the Company and providing regular local management reports of the operation and progress of compliance efforts Acting as a review and evaluation body within the organisation, and ensuring compliance with related regulations is adhered to, and possible issues are appropriately investigated and resolved Providing ad-hoc advice and guidance to all financial and legal account managers on the full range of compliance topics, including e.g. AML, sanctions, privacy, conflicts of interest, outsourcing, licensing, etc. in accordance with the relevant regulations Providing support as well in the process of client acceptance and client file reviews, ensuring accuracy and completeness of the client files Assisting with compliance issues during the client's life cycle (client acceptance due diligence, transaction monitoring, periodic reviews, and exit) Providing training and support to the business to continuously enhance awareness and understanding of compliance risks and regulations Taking part in various compliance projects and working groups Acting as a sparring partner for other compliance officers Participating in Client Acceptance Meetings, Internal Compliance Meetings, and Business Compliance Meetings. Candidate Profile : As a Head of Compliance, you must manage ad-hoc activities alongside your daily work. In this position, you need to prioritise what is important, have a hands-on and independent work mentality and be able to deal with stress. A helicopter view is required, you are proactive, know what you are capable of, possess good communication skills and are not afraid of asking questions. Other relevant qualifications for this profile : Master's degree in a law-related study, supplemented with a Compliance degree; Minimum of 7 years of compliance experience in the financial services industry, with a focus on the investment funds industry; Familiar with compliance systems and processes; Experience in the same industry, with a focus on investment funds, is a prerequisite Experience with compliance issues relating to regulatory and governance requirements and curiosity about regulatory developments Understanding of risk management Affinity with integrity, culture and governance requirements Strong organisational and effective communication skills A professio...

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