Head of Compliance jobs in Luxembourg
Sometimes called Head of Compliance, sometimes Chief Compliance Officer (CCO), the individual sitting in this role is typically responsible for the entire compliance and risk function within a firm. The Head of Compliance will also usually advise appropriate internal committees on risk management and compliance activities.
The Chief Compliance Officer will also oversee compliance with laws, regulatory requirements, policies and procedures for a given firm.
Usual Key Duties
As the Subject Matter Expert, establish standards an implement procedures
Ensure compliance programs are effective and efficient within the organisation
Advise the business and senior management on all regulatory obligations and procedures required to ensure compliance with these obligations
Build trusted relationships with regulators and the firm's senior management team
Design monitoring programmes
Oversee and design the training of internal teams on compliance matters: provide appropriate training to ensure that everyone is made aware of their regulatory responsibilities
Constantly promote a positive compliance culture
Conduct AML risk assessments of existing or potential clients, then make recommendations to management
If required by the firm, attend committees such as the Governance and Risk Committee or the Audit Committee
Ensure efficient and effective implementation of all new compliance policies
Manage a team (depending on the size and structure of a firm)
Assume the SMF16 or SMF17 function (depending on the size and structure of a firm)
Develop compliance policies and procedures for the firm
Usual Required Skills
Strong leadership skills
Extensive regulatory experience
Strong policy knowledge, if required
Team management experience
Ability to design and implement improvements to processes, procedures and frameworks
Strong time management
Strong prioritisation skills
Compliance is the departmental embodiment of an organisation's moral compass. It is tasked with protecting a business and its stakeholders, both internally and externally. This regulatory leader must internalise conflicts and exercise supreme judgement in balancing the need to allow its business to flourish in an increasingly complex regulatory environment, whilst avoiding the potentially devastating consequences of non-compliance. Rutherford understands the seriousness of all Compliance hires: that is why we are specialists in the space. We know that deep market knowledge, relationships and networks are all vital to recognising that elusive cultural fit when we see it.
Even though it is a small country, Luxembourg packs a big punch. One of the world’s highest GDP per capita, according to the IMF, it is the second richest country in the world according to buying power per capita. This can be mostly attributed to its thriving financial services industry.
Luxembourg is a mixing pot of culture, it has a trilingual school system featuring German, French and Luxembourgish. A centre of diplomacy, it’s a founding member of NATO, the EU, the UN, the OECD and Benelux. One of the 4 capitals of the EU, it hosts the Court of Justice of the European Union and is home to Schengen village, where the famous Schengen Agreement was signed.
Getting around
Luxembourg offers three main forms of public transport: trams, trains and buses. Not only is it quite easy to get around the city with public transport: since March 1st 2020, all modes of transport are free throughout the country. Even better news: this applies to everyone, from residents, cross-border commuters and even tourists.
Latest jobs in Compliance
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2 days ago
Investment Compliance Analyst
London
About the jobRutherford have been mandated by a global, UK-headquartered asset manager. The successful candidate will join their Inves...
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2 days ago
MLRO
Manchester
About the jobWe are supporting a global leader in payments and financial services with a pivotal hire for a Money Laundering Reporting...
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2 days ago
Senior Vice President, Legal & Compli...
New York
$300,000-$350,000
About the jobRutherford is partnered with an elite private markets firm that is looking for a Senior Vice President in their Legal & ...
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12 days ago
Head of Compliance (Part-Time)
London
Rutherford is currently supporting a growing Private Credit business in London. This position is offered on a part-time or contract basis...
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22 days ago
Compliance Officer
London
About the job We have been mandated with an exciting opportunity for a Compliance Officer to join our Wealth Management client's team i...
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22 days ago
Compliance Analyst
London
About the job We are currently working on a Compliance Analyst search for a global asset management firm headquartered in the UK. The s...
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22 days ago
Funds Paralegal
London
About the job Rutherford has been mandated on an excellent opportunity for a Paralegal to join our private equity client's London legal ...
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22 days ago
Compliance Associate
New York
About the job Rutherford is exclusively partnered with a leading multi-strategy hedge fund that are looking for an Attorney in their New...
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22 days ago
Compliance Officer
Luxembourg
About the job We have been mandated on an exciting opportunity for a Compliance Officer to join our Asset management client's team in Lu...
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22 days ago
Chief Compliance Officer
Dubai
We are mandated on a search for a global digital assets exchange in Dubai. The firm are looking for a Chief Compliance Officer to build ...