Compliance Assistant Manager – Risk & Compliance

PURPOSE OF JOB

The purpose of this Assistant Manager – Compliance role is to support the activities of JTC Global AIFM Solutions (“JTC GAS”) Compliance Department and their activities. In performing this role, the role holder will have regard to all relevant laws, CSSF regulations and circulars, JTC Group policies, procedures and practices and act to support and protect all JTC business undertaken in Luxembourg.The role holder is responsible for undertaking the following duties, which include, but are not limited to, anti-money laundering (AML) and countering terrorist financing (CTF) and combatting proliferation financing (CPF). The role will support the work of wider Compliance Department and will ultimately allow the JTC GAS Management Team and JTC GAS Board of Directors to demonstrate that regulatory requirements are upheld.

MAIN RESPONSIBILITIES AND DUTIES

1. Act as the RC of Investment Funds managed by JTC GAS.
2. Support the work and regulatory aims of the Compliance Department, which include, but are not limited to, monitoring regulatory and business developments, undertaking compliance monitoring activities, reviewing and drafting policies and procedures, responding to enquiries, providing training and reporting to senior management.
3. Support the Compliance Department in establishing and maintaining their operations and ensuring that JTC GAS complies with its regulatory requirements as set out by the Luxembourg laws, and their supporting regulations, circulars and market practice.
4. Support the development and maintenance of JTC GAS’s AML/KYC/CPF activities, including the discharge of RC mandates for the firm’s clients. This includes (i) the review of new client documentation and related activities (ii) the identification and escalation of issues within existing client files, including the identification of suspicious or unusual transaction reporting arising from these controls (iii) dealing with enquiries related to such activities and (iv) reporting to senior management, clients and regulators as required.
5. Support the maintenance of appropriate frameworks for the effective identification of compliance risk, staying abreast of regulatory and legislative changes and identifying industry compliance patterns and trends. This shall include:
6. Identifying new regulations or market practice that may affect JTCGAS’s organisation and activities and assist in identifying the necessary changes required to ensure that the firm and its clients comply with such requirements.
7. The analysis of new legislation or business activities and work with all necessary stakeholders to ensure effective and timely implementation of any required changes.
8. The implementation of proportionate controls, to maintain the effective mitigation and management of identified compliance risks, including, the adaptation of Group controls, policies, procedures as necessary to ensure continued compliance with local standards and/or regulatory expectations.
9. Undertaking compliance monitoring reviews of JTC GAS’s organisation and activities to provide comfort that the firm and its clients continue to observe applicable legislation or undertake exceptions reporting where this is not the case.
10. The drafting of reports that summarise the work carried out, the observations on whether the activity complies with applicable standards, and, where necessary, the proposed actions to return any deficiency to compliance.
11. Once drafted, the reports should be finalised and agreed with the applicable stakeholders. The Compliance Department will oversee remedial actions to ensure they are undertaken in an appropriate and timely manner.
12. The creation and maintenance of policies and procedures to ensure they consider regulatory and/or business developments. Once complete the proposed drafts should be reviewed and agreed with applicable stakeholders to ensure that the requirements are considered in JTC GAS’s organisation and activities and that the firm and its clients comply with such standards.In addition to their Main Responsibilities and Duties, the role holder will support the Compliance Department through the following activities:
13. Act as a point of contact for enquiries raised within JTC GAS and work with the wider Compliance Department to ensure that it provides accurate, effective and timely responses to such enquiries.
14. Provide training and/or raising of risk awareness within JTC GAS as may be required from time to time.
15. Undertake investigations into other risk-escalated and contentious matters, including potential regulatory breaches, complaints or deficiencies and work with the Compliance Department to resolve them in an appropriate manner.
16. Prepare accurate and timely responses to regulatory or auditor enquiries and obtaining approval for such responses from senior management.

ESSENTIAL REQUIREMENTS

1. Proven experience of minimum 5 years in an AIFM or in the funds industry in a Compliance function including a deep knowledge of AML/KYC laws and regulations.
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3. Demonstrate an understanding of client strategies, including compliance and statutory obligations related to Luxembourg regulated and non-regulated investment funds.
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5. Proven willingness to learn and develop including assuming responsibility, prioritise, use initiative within the Compliance Department.
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7. Demonstrate an effective, efficient and harmonious working attitude that promotes the aims of the Compliance Department and upholds JTC values and its unique stakeholder culture.
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9. Enhanced ability with Microsoft Excel and related packages.
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11. Fluency in English, other language knowledge will be an asset

OUR COMMITMENT TO INCLUSION & WELLBEING

JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.