We are looking for a Compliance and AML officer for a Fixed-Term Contract with our client.
Location: Luxembourg
Reporting to: Conducting Officer in charge of Compliance and AML/CFT/CPF
Position Overview :
The Compliance and AML Officer will work under the direct supervision of the Conducting Officer responsible for Compliance and AML/CFT/CPF. The role ensures that the AIFM complies with all applicable regulatory requirements, including Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Counter-Proliferation Financing (CPF).
This position plays a key role in safeguarding the integrity and reputation of the AIFM while supporting the implementation and ongoing enhancement of the compliance and AML framework.
Key Responsibilities
AML/CFT/CPF Responsibilities
* Perform customer due diligence (CDD) and enhanced due diligence (EDD) on various counterparties (CDD on investors is delegated to the transfer agent).
* Conduct periodic AML due diligence reviews of delegates and relevant service providers.
* Perform ongoing monitoring of delegated transfer agents and other service providers (e.g., property managers) to ensure compliance with AML/CFT standards.
* Escalate suspicious activities promptly to the Conducting Officer for further investigation and action.
* Assist in preparing AML/CFT risk assessments for funds, clients, and business activities.
* Monitor screening tools for potential matches and escalate alerts for further review where necessary.
Compliance Oversight
* Support the Conducting Officer in maintaining and enhancing the AIFM's compliance framework, policies, and procedures in line with AIFMD and applicable local/EU regulations.
* Monitor regulatory developments and ensure internal policies and procedures remain up to date.
* Perform compliance risk assessments and testing in accordance with the Compliance Monitoring Plan.
* Prepare supporting documentation and reports for presentation to the Management Committee and the Board of Directors.
* Assist during regulatory audits and inspections, ensuring accurate and timely responses to regulatory inquiries.
Training and Awareness
* Develop and deliver compliance and AML/CFT training sessions under the supervision of the Conducting Officer.
* Act as a point of contact for employees regarding compliance and AML-related matters.
Collaboration and Reporting
* Contribute to the preparation of compliance and AML reports for senior management, the Board, and regulatory authorities.
* Liaise with internal departments (Risk, Fund Management, Corporate Secretary, and others) to ensure alignment and effective communication on compliance matters.
Profile
Experience
* Minimum 3 years of experience in compliance or AML/CFT roles, preferably within an AIFM, audit or consulting firm (e.g., Big 4), or a financial services institution.
Education
* Master's degree in Finance, Business Administration, Law, Audit, or Engineering with a specialization in Finance/Business.
Professional Qualifications (considered a strong asset)
* M1/M2/M3 certifications
* CAMS (Certified Anti-Money Laundering Specialist)
* Equivalent professional certifications
Technical Skills
* Strong knowledge of AIFMD and AML/CFT/CPF regulations, as well as relevant EU and local regulatory frameworks.
* Experience with alternative investment funds is an advantage.
* Familiarity with compliance monitoring systems and AML screening tools is a plus.
* Proficiency in Microsoft Office (Excel, Word, PowerPoint) with the ability to produce reports, presentations, and analyses.
Languages
* Fluent in English (written and spoken) - mandatory.
* French and/or German - strong asset.
Competencies
* Strong analytical skills and attention to detail.
* Proactive, solution-oriented, and able to work independently.
* Flexible and adaptable in a dynamic environment.
* High level of integrity, discretion, and professionalism.
* Strong interpersonal and communication skills.
* Ability to work under supervision while maintaining ownership and accountability for assigned responsibilities.