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 14 hours ago
Regulatory Consultant - Capital Markets
London
Our ClientOur client, a boutique financial services regulatory consultancy, is looking for a motivated regulatory Consultant with a stro...
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about 14 hours ago
Funds Associate
London
Our ClientOur client, a boutique financial services regulatory consultancy, is looking for a motivated regulatory Associate with a stro...
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about 14 hours ago
Head of Compliance
Brussels
£125,000
Our ClientOur client, a leading insurtech firm, is expanding its presence out into Brussels (Belgium) and is now looking for a Head of C...
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1 day ago
AML Risk Manager
Ireland
€90,000
Our ClientOur client, a leading global crypto fintech, is urgently looking for a AML Risk Manager in Ireland to join them on a completel...
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1 day ago
Senior Compliance Officer
London
£45,000
Our ClientOur client is one of the largest wealth managers in the United Kingdom. They are currently looking for a Senior Compliance Off...
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1 day ago
Compliance Business Partner
London
£75,000
Our ClientOur client is a renowned global insurance broker who is seeking a Compliance Business Partner. This role reports into the Seni...
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7 days ago
Legal and Compliance Analyst
New York
$95,000
Our ClientRutherford have been mandated on a brilliant opportunity for a Paralegal to join one of the world’s leading investment firms. ...
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9 days ago
Financial Crime Advisory Officer
London
Our ClientA leading global asset manager with $500BN+ AUM are looking for a Financial Crime Advisory Officer to join their London team. ...
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9 days ago
Associate – Payments & E-Money
London
Our Client Our client, a boutique financial services regulatory consultancy, is looking for a motivated regulatory Associate with a s...
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10 days ago
Insurance & Lending Associate
London
Our ClientOur client, an established financial services regulatory consultancy, is looking for a motivated Regulatory Associate with a ...