About Waystone
Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.
Summary: The Junior Associate - Compliance Officer will need experience of Luxembourg regulatory framework, privileging experience of UCITS and AIFMD regulations. He/She/They will provide technical compliance support to the Chief Compliance Officer (“CCO”), who acts as the Head of the Compliance function in Luxembourg, and to Waystone Management Company (Lux) S.A. (“WMC Lux”) and its affiliate entities. His/Her/Their primary focus will be on implementing AML/CTF and broader regulatory compliance activities across WMC Lux UCITS Management Company, AIFM and related regulated activities, while actively participating in regulatory projects that impact the European Waystone Group entities which will give an opportunity to learn and work alongside international colleagues.
KEY DUTIES and RESPONSIBILITIES
• Execution of AML/CTF and compliance monitoring controls.
• Support of client onboarding and AML/CTF oversight activities.
• Assistance with compliance reviews, testing, and monitoring programmes.
• Preparation of management, Board and regulatory reports.
• Support in responding to clients, funds, and regulatory compliance queries.
• Drafting and maintenance of policies, procedures, and internal governance documents.
• Support of delegate oversight and due diligence activities.
• Maintenance of compliance records. Registers, trackers, and action plans.
• Assistance with incident, breach, complaint, and regulatory enquiry management.
DAY TO DAY DUTIES and RESPONSIBILITIES
• Perform AML/CTF and Compliance monitoring controls in accordance with the annual Compliance Monitoring Programme and AML/CFT Control Plan.
• Review and assess AML/KYC documentation, due diligence files, and client-related compliance matters.
• Support the oversight of delegated service providers, including Central Administrators, Transfer Agents, Investment Managers and other third-party providers.
• Assist in the identification, assessment and escalation of compliance, regulatory and financial crime risks.
• Monitor regulatory developments and support the implementation of new legal and regulatory requirements.
• Draft, review and maintain compliance policies, procedures, frameworks, registers and governance documentation.
• Support the development and continuous enhancement of the Company's internal governance and control framework.
• Assist in responding to client, fund, Board and delegate regulatory and compliance queries.
• Prepare management information, compliance dashboards, KPIs and reports for Conducting Officers, Board meetings and committees.
• Support the preparation of annual compliance reports, AML/CTF reports, risk assessments and regulatory filings.
• Maintain compliance registers, action trackers, breaches logs, complaints registers and conflicts of interest records.
• Assist in compliance reviews, thematic assessments and internal control testing exercises.
• Support due diligence and ongoing monitoring of delegates, distributors and other third-party service providers.
• Support the delivery of compliance and AML/CFT training and awareness initiatives.
THE IDEAL CANDIDATE SHOULD
• Enjoy working in a team environment.
• Enjoy and display open communication.
• Be prepared to take on new tasks and have the desire to learn “on the job”.
• Maintain good working relationships and good communication channels with the business and liaise with them in an open and collaborative manner.
• Promote a Compliance focused culture within the Waystone Group.
• Share key learning and knowledge lessons at team meetings or training sessions.
• Must want to work in a fast-paced environment and providing support to various members of the team.
• Be fluent in English (French would be an asset)
REQUIREMENTS
Education:
• An internationally recognised degree and/or professional qualification in Law, Finance, or Economics.
• Professional certification in Compliance would be an advantage.
Experience:
• Minimum of 3 years’ relevant experience in compliance within the financial sector with proven achievement in team and individual capacities.
• Strong knowledge of UCITS and AIFMD regulations and be prepared to learn new ones.
• Knowledge of the Luxembourg regulatory landscape and a clear ability to interpret and understand the implications of new regulations. Exposure or experience of other Jurisdictions is a plus.
• Strong time management, organizational skills, oral and written communication skills, critical thinking and attention to detail is required.
• Strong working knowledge of Fund documentation and regulatory requirements.
• Strong MS Office Skills and experience in using AI on professional tasks.