Role: RC Director
Location: Luxembourg
Salary: Competitive and Candidate Dependent
We are assisting one of the largest PSF with the search for a new MLRO/RC Director. Our renowned client is well trusted by leading asset managers, pension funds and wealth managers, and insurance companies globally, to manage governance, compliance, regulatory, and substance requirements.
The Role
- Act as the RC for the PSF
- Serve as RC for specific funds (AIFM and/or UCITS)
- Monitor AML/CFT legal and regulatory developments, keeping the Board updated.
- Ensure compliance with AML/CFT laws and regulations for the PSF and its funds.
- Oversee the AML due diligence process for new client onboarding and periodic reviews within the PSF.
- Review KPIs from key stakeholders, including AML Client Services teams, Administrators, Distributors, and Investment Managers.
- Perform due diligence on stakeholders and provide reports to the Boards of the relevant funds.
- Review and approve annual Risk Assessments and quarterly RC/MLRO reports.
- Act as the main point of contact with local authorities and regulators.
- Serve as the first point of escalation for AML-related issues from the AML Client Services team, Administrators, the Board, and the Company's Investment Manager and Distributors.
The Candidate
- In-depth knowledge of Luxembourg legislation and regulations, particularly in AML/CTF.
- At least 8 years of experience as an RC, AML/Financial Crime, or TA.
- Eligible for CSSF approval to serve as the RC.
- Strong knowledge of the funds industry, AIFM & UCITS.
- Excellent communication skills, both written and verbal, with confidence in speaking at the Board level.
- Solution-focused approach.
- Highly organized, proactive, adaptable and open to change, and resilient under pressure.
- Relevant AML, Compliance, or legal certification will be a huge plus.
