Assistant Compliance Officer
Description
Position: Assistant Compliance Officer
Location: Luxembourg (Hybrid)
About Us
The Maples Group is a global leader in financial services, trusted by many of the world’s largest hedge fund managers, private equity firms, and international corporations.
Our side-by-side financial and legal teams consistently deliver award-winning services to a global client base, offering unrivalled learning and career opportunities to our 2,500 colleagues worldwide.
What is it like to work here?
We are driven to excel, and collaboration is key to our continued success. We can go further for our clients because we go further for each other too. Our inclusive culture creates an environment where people can be themselves at work while doing their best work. No matter where you work in the Maples Group, you will be part of a global team.
The Opportunity
We are looking for an accomplished Assistant Compliance Officer to join our Compliance Team as part of our financial services business in Luxembourg.
As part of the global expansion of the Maples Group’s financial services offering, our Luxembourg office opened its doors in 2007. Located in Cloche d'Or, a commitment to service excellence and investment in our people quickly established Luxembourg as a regional hub where our 90+ teammates deliver the best-in-class solutions to clients worldwide alongside our Maples and Calder (legal services) colleagues.
As part of our Luxembourg team your primary responsibilities, as part of the MaplesFS Lux Compliance team will include:
- Supporting the Compliance Officer and Responsable du contrôle du respect des obligations ("CO/RC") in their duties, acting as their deputy in their absence;
- managing the monitoring of new laws, circulars and regulations at both a local and EU level providing advice and training to the business, support functions and management as necessary;
- testing and reviewing client on-boarding and client due diligence processes, including reviewing risk assessments for high-risk customers, and acting as an advisory function to the business for new products and services;
- attending the Local Business Acceptance Committee as the CO/RC's delegate to identify matters pertaining to high risk factors or potential regulatory or reputational concern;
- supporting the business with respect to Financial Crime and Prudential matters as it relates to their business activities or potential new business;
- reviewing and undertaking investigations into internal Suspicious Activity Reports ("SAR"s) and filing external SARs as may be required;
- performing monitoring and testing in accordance with the Risk Assurance/Compliance Monitoring and Testing Programme to ensure compliance with internal policies and procedures, identifying matters for discussion and escalation with the business;
- drafting and reviewing internal policies, procedures and other core materials;
- assist with the preparation and provision of face-to-face training;
- support the CO/RC and management with regulatory inspections as required including attendance at meetings, minute taking and maintaining a tracker of documents requested;
- supporting the Compliance team with on-going monitoring, including transaction monitoring;
- assisting the Compliance Officer with regulatory reporting;
- support or handle internal investigations relation to internal suspicious activity reports, including where notification to the FIU is required; and
- support the CO/RC with maintenance of registers and trackers including but not limited to declined business, PEPs, outsourcing.
Requirements
In addition to indisputably high ethical standards and autonomy, the ideal candidate possesses the following:
- 5 or more years' experience in the Luxembourg compliance market, preferably with a Fiduciary services provider;
- broader experience across the Compliance and Financial Crime field; a recognised Compliance qualification; or a degree in a relevant field is welcome;
- demonstrable knowledge & understanding of the regulatory framework in place in Luxembourg relating to a PFS;
- excellent communication skills, both verbal and written;
- fluent English is required (it is the main language of the office) (additional languages are viewed as beneficial);
- attention to detail and ability to manage multiple tasks at once;
- clear communication skills, both verbal and written, and the ability to deal with all levels of staff; and
- effective problem-solving skills.
Benefits & Rewards
The most enduring professional relationships are reciprocal relationships. The Maples Group prioritises employee health and wellbeing. Depending on your location, we offer a range of benefits, including:
- comprehensive health coverage (medical, dental and optical)
- competitive vacation packages
- educational assistance and professional development programmes
- life insurance
- travel insurance
- global mental wellness programme
- social events
- hybrid work
- lunch vouchers
You can learn more about the Maples Group on our corporate website. Experience our culture and our people on our Careers Page or on LinkedIn.
Disclaimer: All personal information collected during the application process will be used for recruitment-related purposes only. Please refer to our Job Applicant Privacy Notice at maples.com/privacy for details on how we handle personal information relating to job applicants.