Head of Compliance Luxembourg

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. This Head of Compliance Luxembourg encompasses both Regulatory and Financial Crime Compliance. This strategic hire is to move the Quintet Luxembourg Compliance into a position of compliance leader, driving compliance excellence across the business. This role reports directly to the Group Head of Compliance and the CEO of Luxembourg. We are looking for a talented individual who is proficient in the regulation but also equaly proficient in management, guiding the business to success in a complex regulatory environment.

Key Accountabilities

• To improve and structure the current Compliance function so that it is focused on supporting the business to grow in a compliant environment. Assure the strength of knowledge with in Financial Crime and Regulatory Compliance in order to manage the standards of Quintet Group and meet local regulatory standards.   
• Capable to take decisions in line with the regulatory environment but more importantly being able to interpret the risk of compliance and make risk based decision based on regulatory interpretation.  
• Manage an effective team to support the business at all times maintaining a focused and motivated team of experts.  
• Manage at senior levels of the organisation and having courage to raise issues to the Group  
• Work effectively with Group Compliance and contribute to the success of the compliance function. implement the groups Compliance strategy in the Country adjusting to local regulation.   
• Build the country compliance plane for the local country and have local and group approval   
• Assure the client conduct is in line with regulatory expectation in line with MIFID   
• Assure Suitability and appropriateness   
• Be part of the Product approval committee   
• Assure that compliance tools are fit for purpose and make recommendations when required. 
   

Knowledge and Experience

• At least 10 years of experience in managing a country compliance function.  Deep understanding of Compliance in Luxembourg and other applicable Rules and Regulations as a discipline within a wealth management or other business lines and the subsequent benefits from such implementation. 
• Motivates/inspires the team and its members to perform and add value to the team and to the broader firm  
• Confident and comfortable communicating with teams and individuals across all hierarchical levels e.g. Team members, Directors, Board.   
• Experience of having worked in both large and small institutions and comfortable in working with little supervision and taking ownership and responsibility, within a smaller organisation  

Attributes and Qualities

• High ethical value system;   
• Attention to detail and mission;   
• Strong delivery and organisational skills  

Technical Skills

• Strong levels of technical experience of the application of regulation to the business model in all states of evolution.    
• Ability to problem solve and ensure consistent oversight to a standard of positive assurance.  

Languages Skills

• Fluent English required 
• Other European languages desirable