Senior Manager - Risk & Compliance, Luxembourg Based

M&G Investments

We are not your average financial services firm and our unique culture is just one aspect that makes us stand out from the crowd. We offer a supportive environment that encourages innovation and creativity whilst maintaining a healthy lifestyle balance. You will be joining one of Europe's leading Investment Management firms where you can expect real responsibility and recognition from day one. We are large enough to offer a wide variety of career opportunities, whilst small enough to treat you as an individual and tailor training and development to your specific needs.

The Opportunity

An opportunity has arisen for a Senior Manager, Risk & Compliance to join the Compliance team at M&G investments in our Luxembourg office. You will be responsible for effectively overseeing operational risk and both regulatory and financial crime compliance risks to the business, ensuring that the business understands its regulatory and legislative responsibilities. The existing M&G group function in the UK, including Compliance, Financial Crime Compliance and Risk, will provide significant support for the role.

This is a key role within a new business model. You will therefore need to be flexible and proactive in order to define, establish and evolve the necessary risk compliance framework.

You will be responsible for the following tasks:

Day to day management. Responsible for the management and delivery of a range of activities including:


* Liaison with the CSSF
* Interpretation of rules affecting the PFS business and identification and analysis of regulatory, and financial crime related legislative changes;
* Production of relevant management information for the Company and for Group Compliance;
* The consistent application and review of compliance policies and procedures to comply with relevant regulations and M&G Group policy requirements;
* Working with Group Compliance and Financial Crime Compliance (FCC) teams to provide oversight of third parties and to oversee the local branches and subsidiaries of the Company;
* Working with Group teams in supporting the distribution of funds across all relevant jurisdictions;
* Maintain Compliance processes for the approval of financial promotions and marketing literature;
* Delivering training to employees and developing a robust compliance culture;
* Approve escalated financial crime concerns; filing STR reports to the local FIU in respect of suspicious activity when necessary.


* Implementing the Risk Management framework and processes (operational risk; incident oversight and review, risk control self-assessment, risk appetite, action tracking);
* Reviewing compliance with, and the effectiveness of the Risk Management procedures;
* Performing periodic risk assessments to assist management to identify, monitor and manage the risks of the Company;
* Performing operational incident reviews;
* Support the development of a Risk Management culture and awareness;
* Overseeing risks in relation to the branches and subsidiaries of the Company;
* Reporting to Senior Management, M&G Group, authorities and regulators and other key stakeholders including the Group Chief Risk Officer;

What we are looking for:

It is desired for you to have a University degree (or equivalent qualification) with the relevant Compliance qualification (e.g. International Compliance Association, Certified AML Specialist) and relevant investment management qualification (e.g. Investment Management Certificate, Investment Operations Certificate)

It is essential for you to have:

* Excellent written and oral communication skills
* Ability to conceptualise complex issues
* Ability to manage and deliver change
* Team player, supportive with collegiate approach
* Be proactive, demonstrate well considered judgements and anticipate emerging risks

You must be able to demonstrate a professional knowledge of the Luxembourg legal and regulatory framework including financial crime (AML, CTF, Fraud, Sanctions, ABC and tax evasion) Extensive regulatory, compliance and working knowledge of marketing and distribution of funds investment services within the EU is essential along with Operational Risk Management experience.

M&G is committed to a diverse and inclusive workplace. Our role as an employer is very simple - to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.

We welcome applications from individuals who have taken an extended career break, and we are willing to consider flexible working arrangements for all of our roles.

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