Compliance jobs in Luxembourg
The financial services industry has seen many changes over the years with traditional firms being constantly challenged by the evolution of new trends and technologies.
The emergence of digital assets, fintechs and start ups has varied the scope of the once traditional compliance role, making it an increasingly interesting and competitive space to work in.
Every year, new regulations and rules are introduced, meaning compliance professionals must always be on top of the ever-changing sector to properly assess how any regulatory update can affect a business and its activities.
The person leading a compliance regulatory function will have to manage and support c-suite staff, 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.
Comliance Teams
Compliance teams can vary depending on the firm, and level of experience needed but can be comprised with the following:
Chief Operating Officer
Head of Legal and Compliance
General Counsel
Head of Compliance
Chief Compliance Officer
Legal Counsel
Compliance Manager
Compliance Officer
Compliance Analyst
Advisory Compliance
Compliance Policy
Monitoring, Testing & Surveillance
Policy/Regulatory Affairs
Main Key Duties
The key duties within a compliance role might change from one type of firm to another, however 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 Skills
As the regulatory function continues to grow the compliance needs in firms have become more robust, meaning compliance professionals may require a niche set of skills.
To flourish within a compliance role these skills are required:
Broader Business Acumen (Product & Technology knowledge)
Interpersonal skills and communication
Problem solving
Attention to detail
Niche candidates and subject matter experts
Need Help Finding a Compliance Role?
Contact our specialists regulatory compliance recruitersor see Rutherford's regulatorycompliance jobs.
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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9 days ago
Compliance Officer
Amsterdam
Our ClientOur client, a UK-based exchange, is currently seeking a Compliance Officer to join its Amsterdam office. Reporting into the Hea...
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10 days ago
Hedge Fund Compliance Officer (for tr...
London
Our ClientOur Client, a top tier hedge fund, seeks a markets trading floor advisory Compliance Officer to join their London Office. Repor...
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10 days ago
Equities Advisory Compliance Director
London
Our ClientOur client is a leading global investment bank. They seek a Compliance Advisory Manager to join their team in London. You will...
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11 days ago
Compliance Manager
London
Our ClientRutherford is partnered with a leading investment firm that specialise in credit. The firm are currently over $65bn AUM and ha...
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12 days ago
Compliance Officer
London
Our ClientRutherford have been mandated on an exciting role for a Compliance Officer to join our hedge fund client's London office. The ...
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15 days ago
Policy Compliance Manager
Edinburgh
Our ClientOur client, a leading asset manager, is seeking a high calibre compliance professional with a regulatory consultancy buyside b...
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15 days ago
Compliance Officer
London
Our ClientOur client, a leading global hedge fund, is currently seeking a Compliance Officer for its London offices. The business focuse...
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15 days ago
Compliance Officer
London
Our ClientOur client, a global multi-strategy hedge fund with c. $25bn AuM, is looking for a Compliance Officer to join its London-based ...
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15 days ago
Associate Compliance Manager
Greenwich
$90,000 - $120,000
Our ClientRutherford are partnered with a global Private Equity firm headquartered in Greenwich with offices also in London. Founded almo...
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17 days ago
Compliance Associate
New York
$100,000 - $160,000
Our ClientOur client, a global leader in alternative Investment Management are in the market for a Compliance Associate in New York. The...