Compliance Officer jobs in Luxembourg
Because of the nature of the work, compliance officers traditionally come from a legal or finance background, with associated degrees. The sector is getting increasingly competitive, as being a compliance officer is seen as an attractive career, but individuals in compliance can still hail from diverse backgrounds as regulatory departments are more and more seeking complimentary technology and data skills.
Being a compliance officer can be a demanding job and it can be tough to keep on top of regulatory or legal changes in the financial services sector. The ability to stay on top of things and to manage people well are hallmarks of a good compliance officer. They need to be there for the front office staff, but also for the C-Suite, especially when operating as a Chief Compliance Officer, General Counsel or Chief Operating Officer.
Main Key Duties
While a Compliance Officer’s key duties might change from one type of firm to another, its core responsibilities will usually include, but not be limited to, the following:
Fostering an ethical culture at the firm
Avoiding fines and other penalties from the regulating body (FCA in the UK, SEC in the US)
Creating, monitoring and reporting on internal policies and processes: IT, Strategy, OH&S (Occupational, Health & Safety), KYC (Know Your Customer), PEP (Politically Exposed Person) and Sanctions
Legal research and anticipating future changes
Leveraging future changes in regulation
Reviewing marketing material and disclaimers
Training sessions to staff
Answering “can we do X?” questions from the C-Suite and front office
Conducting internal audits
Assisting with disciplinary proceedings
Reporting to the regulator
Making sure that advice considers business objectives
Prepare and file regulatory reports with the FCA
Main Required Skills
Broader Business Acumen (Product & Technology knowledge)
Interpersonal skills and communication
Problem solving
Attention to detail
Niche candidates and subject matter experts
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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about 16 hours ago
Compliance Officer
London
About the jobWe have been mandated with an exciting opportunity for a Compliance Officer to join our Wealth Management client's team in...
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about 16 hours ago
Compliance Analyst
London
About the jobWe are currently working on a Compliance Analyst search for a global asset management firm headquartered in the UK. The su...
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about 16 hours ago
Funds Paralegal
London
About the jobRutherford has been mandated on an excellent opportunity for a Paralegal to join our private equity client's London legal ...
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about 16 hours ago
Compliance Associate
New York
$200,000 - $250,000
About the jobRutherford is exclusively partnered with a leading multi-strategy hedge fund that are looking for an Attorney in their New ...
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about 16 hours 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...
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about 16 hours ago
Compliance Officer
Luxemburg
About the job We have been mandated on an exciting opportunity for a Compliance Officer to join our Asset management client's team in L...
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about 17 hours ago
Compliance Associate
New York
$100,000 - $130,000
Our ClientRutherford are partnered with an expanding multi-strategy hedge fund ($10bn AuM) that are looking to hire into their NY com...
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2 days ago
Compliance Officer
Luxemburg
About the jobWe 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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2 days ago
Data Protection Advisor
London
About the jobRutherford is partnered with a rapidly growing fintech company in search of a Data Protection Advisor to join their Londo...
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2 days ago
Associate General Counsel
New York
$220,000-$300,000
About the job Rutherford is exclusively partnered with a global fund managing over $100 billion in AUM, seeking an Attorney to join its ...