Financial Crime Compliance Senior Officer

Role and Context
This role sits in Second Line of Defence and is varied in scope and nature.
Within a dynamic team of 6 persons, the successful candidate will integrate the FCC Oversight pole as FCC Senior Officer. The candidate will oversee and act as a Second Line escalation point for external service providers, 1st line distribution oversight team, provide support for launch of new products and mandates and navigate new projects.
The candidate will also be expected to provide regular inputs and review of ongoing internal and external reports/ audits.

Purpose

The successful candidate will support the Head of FCC Oversight to effectively anticipate and manage financial crime compliance risks and provide professional and timely advisory services, ensuring that the business understands its regulatory responsibilities in line with the M&G Group FCC Framework and Luxembourg/European regulations. This is a key role within the Financial Crime Compliance Team.

Key Responsibilities for this role:

Responsible for the delivery and management of a range of activities including:

• Support the oversight of appointed service providers/delegates, including conducting initial and ongoing due diligence, managing the rolling due diligence calendar, and performing on-site visits. Act as a second-line escalation point for FCC matters related to account openings and queries from service providers/delegates and any third parties.
• Oversee the appointed investment manager’s due diligence on fund assets, ensuring regular receipt of KPIs, conducting oversight calls, and following up on actions. Act as FCC second-line for escalated name screening and high-risk cases.
• Participate in regular oversight meetings with the delegates, respond to escalations in a timely and pragmatic manner, balancing business priorities with regulatory compliance and guided by sound judgment and common sense.
• Assist the Head of FCC Oversight with New Product FCC Risk Assessments and regulatory filings to the CSSF and AED.
• Support MGL’s first-line FCC team in onboarding and ongoing due diligence of distributors and intermediaries, handling all escalated queries.
• Prepare and submit management information and reports for internal governance forums and committees, including MGL and Fund Boards, and contribute to external regulatory filings to Luxembourg and foreign authorities.
• Help monitor and ensure adherence to FCC operational controls as part of the Luxembourg Financial Crime Compliance Monitoring Plan.
• Support ongoing internal and external AML audits.
• Contribute to key international growth projects impacting MGL.
• Promote M&G Group and Luxembourg’s values and culture across all Financial Crime Compliance team stakeholders.

Compliance Department Values:

• To provide quality outcomes in everything that we do;
• To be pro-active in our approach and consistent in our delivery;
• To be open, honest, humble and act with integrity at all times in order to be a respected and trusted partner to the business;
• To act with conviction; being challenging and independent in our actions;
• To support each other in delivering Compliance services and in relation to the decisions we reach;
• To encourage innovation and creativity in our approach.

Essential Knowledge and Experience:

• Minimum of 6 years of relevant AML/FCC experience in the Luxembourg asset management industry (experience within a Manco/ AIFM or Transfer Agent considered a strong plus)
• Demonstrates a professional and good knowledge of the Luxembourg AML regulatory framework, asset management industry and ecosystem.
• Good knowledge of CSSF Circular 18/698
• Precise understanding of different fund structures, legal regimes, distribution and operating models.

Job and Personal Skills:

• Supportive team player with a positive attitude and a collaborative approach to work and work-life balance.
• Excellent written and verbal communication skills in English; knowledge of additional languages such as French/Spanish/German is an asset.
• Methodical, proactive, and creative approach to work (thinking outside the box), with a strong focus on practical problem-solving to ensure compliance with the regulation.
• Demonstrates high standards of professionalism, strong organizational skills, and attention to detail.
• Strong analytical skills with the ability to work under pressure, meet tight deadlines, and explain complex topics in a clear and simple manner. Capable of multitasking, and maintaining a pragmatic mindset.
• Good knowledge in Excel, including macros and pivot tables; familiarity with data analytics tools such as Power BI is a plus.

Desirable Qualifications

• University Degree  (i.e. Masters)
• Professionally recognised industry qualification(s) in FCC; AML; Fraud; Sanctions; Anti Bribery & Corruption considered a plus.

Experience Level: Experienced Colleague

Recruiter: Helen Simons