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IM EMEA, Assistant Compliance Officer - Lux ManCo

Luxembourg, Luxembourg
Asset Management


Job Description

Job Purpose:

 

The key purpose of this position is to undertake the role of Compliance Officer of BNY Mellon Fund Management (Luxembourg) S.A. (“BNYMFM-Lux” or “the Firm”). The holder of the position will also serve as the Conducting Officer appointed by the Board of BNYMFM-Lux to be responsible for Compliance and depending on the experience of the candidate, the individual will also act as the AML/CTF Officer for the Firm.

 

BNYMFM-Lux is authorised by the Commission de Surveillance du Sector Financier (CSSF) as a UCITS management company and Alternative Investment Fund Manager (AIFM). The Firm currently acts as an AIFM to a range of open and closed-ended Luxembourg-domiciled AIFs invested in specialist sub-investment grade corporate credit strategies with AUM of approx. €7bn. Following the UK’s withdrawal from the European Union, it is intended that the Firm will provide cross-border management company services to BNY Mellon’s UCITS ranges in Ireland with AUM of approx..€30bn AUM. It is also envisaged that the Firm will host centralised distribution activities within Europe (ex-UK) and enter into investment management agreements with clients based in the EU/EEA to provide discretionary portfolio management services sub-delegated to other BNY Mellon group companies. It is intended that the Firm will establish Branch offices in France (Paris), Germany (Frankfurt), Italy (Milan), the Netherlands (Amsterdam), Spain (Madrid) and Sweden (Stockholm).

 

The BNYMFM-Lux Compliance function is responsible for the design, development and execution of a risk-based compliance programme to ensure that the Firm properly discharges its obligations under applicable laws, regulations and guidance. The function.will be staffed by 3 individuals based in Luxembourg and benefit from support provided by the centralised Risk & Compliance functions of the parent company, BNY Mellon Investment Management EMEA Limited (“BNYM IM EMEA”).

 

The individual will be directly accountable to the Board of Directors of BNYMFM-Lux but will also have a functional reporting line into the Director of Risk & Compliance based in the UK.

 

Company Overview:

 

BNY Mellon Investment Management’s goal is to build and manage investment and wealth management strategies and solutions that address the ever-changing needs of our clients. Drawing on deep expertise, we collaborate with our clients to understand their needs and tailor our best ideas and resources to meet their specific requirements. As recognised pioneers of the multi-boutique model, BNY Mellon have some of the best investment ideas, from the finest investment minds, all in one place.

 

BNY Mellon Investment Management has over US$1.9 trillion AUM (as at 31 March 2018) and is the global investment management arm of BNY Mellon, one of the world’s largest global asset managers We provide investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world.

 

Key Responsibilities:

 

Policy Development

  • Development and maintenance of a Compliance Charter and compliance policies and procedures including the Compliance Manual which are consistent with regulatory requirements.

  • Assist the business in developing and implementing appropriate policies and procedures, where required.

  • Support the application and communication of BNY Mellon global and regional corporate policies, procedures and protocols.

  • Maintain awareness of changes to the regulatory environment applicable to the Firm and ensure compliance policies and procedures are adapted and changes communicated promptly and effectively.

Compliance Advisory

  • Provide qualitative and timely advice to business partners on regulatory matters relating to Luxembourg, including the impact of proposed regulatory and/or industry developments and business initiatives on the regulatory and risk profile of the Firm.

Monitoring & Oversight

  • Ensure that an effective risk-based compliance programme is designed and executed to assess the adequacy of the Firm’s arrangements in respect of its obligations under applicable laws, regulations and guidance.

  • To work with the BNYM IM EMEA centralised monitoring function in the development and execution of a business-wide compliance programme to facilitate monitoring of the adequacy and effectiveness of policies and procedures implemented by the business.

Regulatory Engagement

  • Effective management of the relationship with the CSSF and other regulatory authorities, as relevant.

  • Management of routine and ad-hoc reporting to the CSSF, the Banque Centrale du Luxembourg and other regulatory authorities, including information requests, ensuring these are completed accurately and submitted within specified deadlines.

Projects / Other

  • Provide compliance support to business initiatives/projects requiring compliance input and implementation of regulatory change.

  • Provide training to the business on compliance matters as required.

 

 

 

Qualifications

  • Strong interpersonal and communication skills (oral and written)

  • Attention to detail and ability to work to tight deadlines

  • A strong team player and self-motivated

  • Ability to work effectively under pressure and to tight deadlines

  • Must be capable of exercising sound judgement and good decision-making in managing risk.

  • Good organisational skills and self-discipline in managing priorities.
  • Fluency in English (verbal and written). Intermediate or advanced French language language competency also desirable.
  • Prior experience working within the financial services industry would be advantageous, particularly within an asset management firm or fund service provider.
  • Familiarity with the Luxembourg fund industry and regulatory environment, in particular the laws implementing UCITS, AIFMD and MiFID including associated CSSF circulars.
  • Intermediate ability on desktop applications such as Microsoft Office required.
  • Degree level preferred but not essential.

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BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at www.bnymellon.com.

As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Luxembourg-Luxembourg-Luxembourg
Job: Asset Management
Internal Jobcode: 51581
Organization: BNYM IM EMEA Ltd-HR14104
Requisition Number: 1817582