Position Overview
The Compliance and AML Associate will be part of Neuberger Berman AIFM SARL Compliance department in Luxembourg, reporting to the Conducting Officer in charge of Compliance.
As part of the second line of defense, the Compliance and AML Associate will work within the various global Compliance and AML teams. This person will be responsible for performing regulatory compliance analysis and testing and for AML/KYC/KYA related tasks.
Primary Responsibilities
Regulatory compliance
- Keep abreast of the new EU and Luxembourg regulatory developments;
- Analyze the laws and regulations applicable to the Luxembourg AIFMs and alternative funds;
- Create, review, and amend policies and procedures covering any regulatory matters;
- Advise the business on the way to implement the laws and regulations;
- Work and collaborate with internal and external legal teams;
- Design the compliance monitoring plan on the AIFM activities and the funds;
- Perform a variety of controls encompassing a broad spectrum of regulations;
- Execute the periodic testing of the compliance monitoring plan;
- Prepare recommendations and report the results of the testing to the Executive Committee and the Board;
- Prepare the periodic reports to the internal stakeholders and to the authorities.
AML controls on Investors and Investments
- For some funds, monitor the activities of the AML transfer agents, facilitate the resolution of issues and support the investors;
- For other funds where the AML controls are performed internally:
- Be responsible for obtaining, reviewing, and maintaining AML documentation on investors;
- Perform the AML risk assessment;
- Collaborate with the Clients Service department in charge of obtaining the documentation on investors;
- Obtain and review the AML documentation on portfolio positions;
- Maintain AML related records and databases.
Key Requirements / Qualifications
Character
- Analytical, precise and detail-oriented;
- Fast learner, proactive and trustworthy;
- Responsive and deadline sensitive;
- Organized and able to manage high volumes;
- Team player in a fast-paced entrepreneurial environment.
Profile
- Fully proficient in English and at least another European language;
- Master degree in law, business administration, economics, or any other relevant field;
- This person will have detailed knowledge of the Luxembourg legal and regulatory environment applicable to the alternative investment funds industry;
- Ability to work and collaborate with colleagues in the Luxembourg office and across Neuberger Berman entities located in multiple countries;
- A prior successful experience (6+ years) in external audit or in a legal or compliance position in an asset manager/bank is required.
Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact [email protected].
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