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(more about Macquarie)
Business Compliance Associate Director
Do you want to be part of a talented global team? Are you instinctively entrepreneurial and ambitious in nature? If you're determined to succeed, we can help you reach your potential.
Macquarie Asset Management has an interesting opportunity for an experienced compliance professional to take a leading role in a business facing Compliance and AML Director position covering Country Compliance for a regulated asset management businesses in Luxembourg.
This will be an opportunity to join a market leading rapidly expanding business with a presence in a number of European countries covering multiple business lines including private equity investments related to Infrastructure and renewables, real estate, private debt investments and public market investments in equity, fixed income and multi assets.
You will primarily work for a regulated AIFM in Luxembourg and will take on the Compliance and AML Conducting Officer responsibilities either initially or over time. Working within the wider Risk Management Group, you will utilise proven relationship and stakeholder management skills to advise the businesses and to manage relationships with regulators including the CSSF and other European Regulators along with overseeing Macquarie Asset Management compliance requirements for the business. This role will report to the EMEA Regional Head of Macquarie Asset Management Business Compliance in the UK. The role is a key strategic hire for Macquarie Asset Management EMEA Business Compliance given the importance of Luxembourg for the growth ambitions of the business.
The successful candidate will be supported by the wider Macquarie Asset Management EMEA Business Aligned Compliance Team along with direct line management responsibilities for compliance resources based in Luxembourg.
In addition, Macquarie Asset Management has a small insurance brokerage business which is regulated by the CAA and you will be expected to provide compliance support to this business. As such knowledge of the Insurance Distribution Directive, Law of 7 December 2015 and regulation no20/03 of 30 July relating to the fight against ML-TF will be beneficial.
Your responsibilities will require you to:
- Act as Macquarie Asset Management Europe Sarl Conducting Officer responsible for Compliance at the outset or over time.
- Act as Conducting Officer responsible for Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT).
- Provide compliance support to Macquarie Asset Management teams across EMEA including relevant EU branches and assist with regulatory issues relating to fund origination and distribution, institutional fund management, affiliates transactions and licensing.
- Advise on compliance integration requirements for new business or initiatives.
- Build a strong working relationship with internal and external stakeholders and act as main point of contact for the CSSF and other regulators where Macquarie Asset Management has a branch presence.
- 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 and approval 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 board, the executive committee, 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.
- 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 or regulatory role) preferably within a private equity, multi-asset Manager, or UCITS manager will be well utilised in this role. You will be familiar with the European and Luxembourg regulatory regime relating to asset management. Experience and a good understanding of other local regimes in key jurisdictions in Europe including Germany, Switzerland, Italy, France, Spain, and the Nordics will also be beneficial. Familiarity with both AIF’s and UCITS would also be desirable. You will be able to demonstrate a solid understanding of both the AIFMD and MIFID directives, as well as local laws and circulars including but not limited to CSSF Circular 18/698, 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 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 the Risk Management Group
The Risk Management Group (RMG) is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Behavioural Risk, Compliance, Credit, Financial Crime Risk, Internal Audit, Market Risk, Operational Risk, Regulatory Affairs and Aggregate Risk, and RMG Enterprise Support.
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.