As a member of the Palana Team, you will be part of a new, dynamic and fast-growing advisory company which focuses on delivering high quality advice and services to Asset & Wealth Managers and Asset Servicers. We cover the various asset classes across vanilla, private equity, real estate and infrastructure products.
You will support the market leaders on AML/CTF rules and regulations, especially in Luxembourg and across the EU. Your insights will be key to keeping them compliant and secure. As a member of the Palana RC services team you will assist the RCs in daily operations, oversee ongoing client activities/tasks and act as the primary point of contact for client services and delivery management on a continuous basis. As you grow into the role, take on the RC role yourself for some liquid or alternative funds.
The constantly evolving regulatory framework and the harmonisation of the financial markets in Europe provides ongoing challenges for industry actors and are a hotspot for quick learning and personal development. As a Senior Consultant/Assistant Manager, you’ll be the go-to person for our clients when it comes to AML/CTF RC or compliance questions, helping asset managers navigate the complex regulatory landscape within a team of very experienced professionals.
This position is both creative and rigorous by nature as you will be involved within a start-up advisory business where everything is possible, whilst servicing the most reputed clients on technical and complex regulatory matters. You need to think outside the box, to be proactive and have a "get it done" spirit. To be successful, you will have solid problem-solving skills and a large learning appetite.
In return, you will enjoy direct client facing experience, limitless support from your teammates, a great company where work flexibility, coaching and caring for people are demonstrated every day and part of the foundations of the firm.
Responsibilities
- Assisting the RC’s in daily operations and over time take on the RC role for our Clients’ funds
- Creating and updating AML/CTF policies, risk appetite statements, own risk assessments
- Executing controls in the RC AML/CTF monitoring plans tailored to each client’s needs
- Diving into investors and investments due diligence (CDD) and enhanced due diligence (EDD) processes, ensuring every box is ticked, including sanctions checks and beneficial ownership
- Carrying out name screening and adverse media screening for clients
- Performing AML/CTF due diligence and oversight activities on service providers and delegates
- Performing KYA activities (by collecting and analysing information, data and documents and maintaining them up-to-date)
- Overseeing ongoing client activities and acting as as the primary point of contact for client services and delivery management on a continuous basis
- Building strong relationships with clients
- Learning the industry and enjoying being part of a great team
Must Have
- Bachelor/Master's Degree or Higher in Finance, Business, Law or similar
- At least 3 to 5 years of experience in financial crime, compliance or regulatory roles working within asset management or financial services
- Strong knowledge of the Luxembourg regulatory framework (e.g. Luxembourg’s AML law, CSSF circulars, FATF guidelines, and EU directives (4th/5th AMLD, etc.)
- Strong problem-solving abilities, a keen eye for detail, and the capability to break down and communicate complex tasks in a straightforward, practical way
- Technology savviness: comfortable with digital tools and eager to learn and adapt to new tech that makes AML/CTF processes more efficient
- Expert in Microsoft Excel, Word and Powerpoint
- Perfect written English and communication as well as presentation skills
- You have a proactive, "can-do" attitude and thrive on taking ownership to see tasks through to completion
- Organisational Capacity managing tasks and deadlines in a structured and efficient way
- You bring a collaborative spirit, always ready to support your teammates and contribute to collective success
- Valid work permit for Luxembourg
Nice to have
- French or German language skills and additional languages
- Project Management Skills
What's great in the job?
- Great team of smart people, in a friendly and open culture
- Important learning and development opportunities: expand your knowledge of complex topics in the European Center for investment funds and investment products of all asset classes
- Real involvement and challenges in a fast-evolving company where inclusion, team spirit, personal development, technology to facilitate your work, client service quality and sustainability are part of the core foundations
- No waste of time in enterprise processes, real responsibilities and autonomy combined with lots of coaching and help from experienced teammates
- No micro-managers, very flat hierarchy where everyone is involved in defining the company's future in a flexible work environment
What We Offer
Each employee has a chance to see the impact of her/his work. You can make a real contribution to the success of the company and influence its future.
Start-up mindset with focus on, and impactful results in, client satisfaction and personal development.
Package
A flexible or full-time position
Attractive and complete package including additional benefits
Trainings
Extensive coaching by senior experts and on the job learning
Tailor-made training and certification plan
Office environment
A great and colourful workplace, in a campus offering many services: daycare, conciergerie, employee restaurant, social events, etc.
