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(more about Macquarie)
Business Compliance Senior Manager
Do you want to be part of a talented global team? Are you instinctively entrepreneurial and ambitious in nature? If you are determined to succeed, we can help you reach your potential.
Macquarie Asset Management Public Investments has an opportunity for an experienced candidate to take a leading role first Line Of Defence Compliance and AML Senior Manager position covering Country Compliance for our regulated businesses in Luxembourg and Austria.
This will be an opportunity to join an established growing business with a presence in a number of European countries covering multiple business lines including publicly listed investments in equities, fixed income and derivatives.
You will primarily work for a regulated MIFID investment firm in Luxembourg but also provide compliance support to Macquarie’s UCITS licensed and SEC registered management company in Vienna. You will be a member of the wider 1st LOD Macquarie Asset Management Risk and Compliance Group and will utilise your proven relationship and stakeholder management skills to advise the businesses and to manage relationships with regulators including the CSSF and FMA and other stakeholders. This role will be located in Luxembourg and will report to the Macquarie Asset Management Public Investments EMEA Regional Head of Risk and the Conducting Officer responsible for Risk , Compliance and AML in the Public Investments Luxembourg entity.
In addition to regulatory compliance responsibilities for the Luxembourg and Austria Macquarie entities, the successful candidate will be expected to cover AML function for the MAM Public Investment Luxembourg business, including acting as MLRO and RC.
Your responsibilities will require you to:
- Be fluent in English and German.
- Provide compliance support to Asset Management teams across EMEA including relevant branches and assist with regulatory issues relating to fund origination and distribution, institutional fund management, affiliates transactions and licensing.
- Build a strong working relationship with internal and external stakeholders and act as main point of contact for the CSSF, FMA and other regulators where Macquarie Asset Management has a branch presence, in conjunction with Risk Management Group Compliance
- Assist with compliance review and approval of new transactions, products and funds which will include working closely with international sponsors and guiding them through local requirements.
- Review of marketing materials
- Develop and maintain compliance plans, related policies and procedures and monitor compliance with these policies.
- Take responsibility for the preparation of regulatory compliance reports as required per the compliance plans and governance framework. This includes regular reports to the boards, the executive committees, Macquarie Asset Management’s regulators and internal stakeholders.
- Carry out ongoing assessment of the compliance framework operating within the business and ensure adequate controls are established.
- Oversee the monitoring, reporting and escalation of compliance issues.
- Keep abreast of upcoming, new and revised rules, regulations and directives applicable to the business, and facilitate changes as required. This includes proactive and early communication with business and compliance stakeholders to ensure timely compliance with any changes required.
- Assist senior management with the delivery of key divisional projects as required.
- liaise with compliance colleagues to assist with the delivery of an effective tailored training programme.
- Liaise with senior management, relevant boards, Risk Management Group Compliance and assisting with External Regulatory correspondence.
- Conducting Initial and on-going due-diligence and ongoing monitoring of delegates and outsource providers.
- Act as an escalation point for the onboarding of clients by third parties and risk assess investments where required.
- Attend Board Meetings and Executive Committee meetings to advise Senior Management and the governing body of Macquarie Asset Management regulated entities.
Your prior experience gained within the asset management industry (may include related experience in a legal, financial crime compliance, or regulatory role) preferably within multi-asset manager or UCITS manager, You will be familiar with the European and Luxembourg regime relating to asset management. Experience and a good understanding of other local regimes in key jurisdictions in Europe including Austria, Germany, Switzerland, and the Nordics will also be beneficial. You will be able to demonstrate a solid understanding of both the UCITS, AIFMD and MIFIDII directives, as well as local laws and circulars including but not limited to CSSF Circular 20/752, the 2010 and 2013 Law and relevant AML Laws and regulations.
As a pragmatic individual, you will take a commercial approach to compliance whilst achieving the desired outcome. You will have the proven ability to work independently, be able to self-start and prioritise so you can meet deadlines. Your strong communication and interpersonal skills, enthusiasm, motivation and the ability to be proactive will be welcomed in this role.
About Macquarie Asset Management
In Macquarie Asset Management you will join a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than A$773/€523/£440/$US578 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including fixed income, equities, multi-asset solutions, private credit, infrastructure, green investments, natural assets, real estate, and asset finance.
All figures as at 31 March 2022.
Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of ‘empowering people to innovate and invest for a better future’, we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
As an inclusive employer, Macquarie does not discriminate on the grounds of age, disability, sex, sexual orientation, gender identity or expression, marriage, civil partnership, pregnancy, maternity, race (including colour and ethnic or national origins), religion or belief.
Joining Macquarie means you’ll be able to work in a way that suits you best. With the right technology, support and resources, our people can work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.