Senior Compliance Manager

About the job

Position: Senior Manager, Compliance AML/KYC

Location: Luxembourg

Working arrangement: Hybrid working

Summary

Cobalt Recruitment is supporting an established international fund services business in recruiting a Senior Manager to lead its Luxembourg Compliance and AML/CFT teams.

Following sustained organic growth, the business offers an opportunity to lead a team of seven, take ownership of client relationships and help shape compliance operations as it continues to expand.

Reporting to the Head of Compliance, you will combine hands on operational leadership with broader compliance oversight across a portfolio focused primarily on private equity and real estate funds, alongside infrastructure and debt.

The position would suit an experienced Manager ready to step up or an established Senior Manager seeking greater responsibility for a team, client portfolio and operational delivery.

The role

• Lead a team of seven, overseeing workload allocation, capacity planning, quality standards and daily delivery.
• Oversee client and investor due diligence, onboarding, risk assessments and ongoing monitoring.
• Review complex AML/KYC files and act as a senior escalation point for sensitive client acceptance, monitoring and compliance matters.
• Coach and develop colleagues, including Managers and Assistant Managers, through regular feedback, objectives and performance reviews.
• Take ownership of client relationships, providing clear, practical and commercially aware compliance advice.
• Help shape compliance policies, due diligence methodologies and the risk based Compliance Monitoring Plan across administration and depositary activities.
• Monitor regulatory developments and support the implementation of changes to policies, procedures and controls.
• Oversee regulatory reporting, compliance registers and responses to due diligence questionnaires.
• Support audits, inspections and engagement with the CSSF, AED and other relevant authorities.
• Act as appointed Responsable du Contrôle (RC) for clients where required and present AML/CFT matters to client boards.
• Report monitoring outcomes, emerging risks and escalations to senior management and governance committees.
• Deputise for the Head of Compliance when required.

About you

• Strong compliance and AML/CFT experience within fund administration, financial services, audit or consulting.
• Excellent knowledge of Luxembourg financial sector regulation and due diligence requirements for fund structures.
• Experience across both operational client due diligence and independent compliance monitoring.
• Proven people management skills, including coaching and developing Managers or Assistant Managers.
• Strong technical judgement when assessing complex ownership structures, client risk and sensitive AML/CFT matters.
• Confidence managing client relationships and communicating with colleagues, boards, committees and regulators.
• The ability to balance regulatory obligations with practical business considerations while maintaining appropriate challenge.
• Strong organisation, drafting and presentation skills, with the ability to manage competing priorities.
• A relevant degree in law, finance, business, economics or a related discipline.
• Previous experience as an appointed RC or RR would be an advantage.

Contact

This role is being managed by Matthew Cochrane at Cobalt Recruitment.

For more information or to discuss the opportunity, please contact Matthew directly at:

mcochrane@cobaltrecruitment.com