About this role
Conducting officer Compliance & Risk Management AIFM F/M Reference: LU877014 Luxembourg Permanent Financial Services A growing Luxembourg-based AIFM specialized in Private Equity investments is looking to appoint an experienced Conducting Officer F/M in charge of Compliance and Risk Management. This is a senior and hands-on position within the management body of the AIFM, requiring strong operational expertise in Luxembourg regulatory environments and direct experience within an AIFM structure. Key Responsibilities Compliance • Act as Conducting Officer responsible for Compliance within the AIFM • Oversee and continuously improve the compliance framework of the AIFM and managed funds • Monitor Luxembourg regulatory developments and assess their impact on the business • Approve and supervise the annual Compliance Monitoring Plan using a risk-based approach • Oversee compliance controls, documentation, and reporting activities • Supervise delegates and third-party service providers from a compliance perspective • Ensure regulatory filings and notifications are completed accurately and on time • Prepare reports for senior management, Board members, and regulatory authorities • Review and approve internal compliance policies and procedures • Promote a strong compliance culture across the organization AML / CFT • Oversee the AML/CFT framework in line with Luxembourg regulatory requirements • Supervise onboarding, KYC, screening, due diligence, and ongoing monitoring activities • Review AML risk assessments related to investors, counterparties, and delegates • Ensure periodic reviews are conducted according to risk classifications • Coordinate AML training and awareness initiatives • Support regulatory reporting obligations and internal governance processes Risk Management • Act as Conducting Officer responsible for Risk Management • Oversee the risk management framework of the AIFM and managed funds • Maintain and review Risk Management Procedures (RMP) • Ensure appropriate methodologies and controls are implemented to identify, monitor, and manage risks • Oversee investment compliance monitoring and operational risk controls • Ensure adequate reporting to management, Board members, and regulators • Participate in new fund launches and strategic initiatives from a risk perspective • Assess the impact of regulatory developments on the risk framework Oversight of Delegates • Supervise delegated functions and outsourced service providers in line with AIFMD and CSSF requirements • Participate in due diligence and oversight processes for delegates • Conduct oversight reviews, KPI monitoring, and governance assessments • Identify control gaps and coordinate remediation actions where necessary • Maintain delegate oversight documentation and governance frameworks Governance & Leadership • Participate in Management Committee meetings alongside the other Conducting Officers • Report regularly to the Board of Directors on areas under responsibility • Coordinate effectively with internal teams, delegates, and external providers • Contribute to the continued development and institutionalization of the AIFM platform • Manage and support a small team within the control functions environment Candidate Profile • Mandatory experience within a Luxembourg-based AIFM • Minimum 15 years of relevant experience within asset management, financial services, or regulated fund environments • At least 10 years of experience within a Luxembourg AIFM, ManCo, or regulated financial institution • Strong knowledge of Luxembourg regulatory requirements applicable to AIFMs and Private Equity structures • Significant experience in Compliance, AML/CFT, and Risk Management within regulated fund environments • Strong exposure to Private Equity or Private Assets structures and operations • Direct experience interacting with the CSSF and external auditors • Previous approval as Conducting Officer would be considered a strong advantage Skills • Hands-on, operational, and solution-oriented mindset • Strong leadership and decision-making capabilities • Excellent analytical, organizational, and problem-solving skills • Ability to manage multiple priorities within a dynamic environment • Strong interpersonal and stakeholder management skills • Excellent written and verbal communication skills in English