Risk & Compliance Officer

  • Location


  • Sector:

    Compliance & Financial Crime

  • Job type:


  • Salary:

    £0 per year

  • Contact:

    Laura Bermudez

  • Contact email:


  • Contact phone:


  • Job ref:


  • Published:

    15 days ago

  • Expiry date:


  • Consultant:

    Laura Bermudez


Job Description

Risk area

  • Design, develop, implement, define and monitor risk management policy and process (”RMP”) as per Luxembourg regulations and best practices
  • Design and implement an ICLAAP
  • Implement a local operational risk framework
  • Monitor compliance with applicable risk laws & regulations
  • Assist and monitor the New Product Approval Process
  • Close interaction with the group portfolio management function - for risks linked to investments - and with other departments (e.g. IT, legal, administration, etc.) for operational risks, intervening in the investment process
  • Help to deliver risk training in the areas of Risk function

Compliance area

  • Implement Compliance Monitoring Programme
  • Aid with maintaining the complaint and breach registers
  • Assist with compliance regarding AML/CFT requirements and with completion of AML risk assessments
  • Keep on top of any new CSSF regulations and instructions, CAA regulations and instructions, Industry best practices. Guidance to the industry, etc.
  • Help to deliver compliance training in the areas of Risk& Compliance Induction, AML, Conflicts of Interest, Suitability, MAR
  • Help with the day to day administration of the risk and compliance function
  • Assist with certain aspects of CSSF regulatory reporting for both the firm and its branches in other European jurisdictions 

Your Skills

  • Bachelor/Master degree with a minimum 3-5 years experience in a regulated environment preferably acquired in a wealth management firm or a bank
  • A proven AML/CFT background and MIFID II is required
  • Strong knowledge of CSSF laws, regulations and practices
  • A sound understanding of return and risk characteristics of various financial asset classes
  • A certification in Risk Management, Compliance, Internal Audit, in compliance will be advantageous
  • Ability to educate the first line business areas on regulatory matters and to effectively handle challenges from individuals in the business
  • Whilst a constructive business approach is necessary to succeed in the role, a second line of defense independent mind set is critical
  • A robust understanding of financial markets, financial instruments and market awareness
  • A robust understanding of discretionary portfolio management, asset management, pension advice and regulatory requirements relating to retail and professional clients
  • Business level French would be preferred but not essential