# Deputy Head of AFC & Compliance Luxembourg (Director) **Company**: DWS Group **Location**: Luxembourg **Work arrangement**: hybrid **Experience**: senior **Job type**: full-time **Category**: Finance **Industry**: Finance **Apply**: https://db.wd3.myworkdayjobs.com/en-US/DBWebsite/job/Luxembourg-2-Blvd-K-Adenauer/Deputy-Head-of-AFC---Compliance-Luxembourg--Director-_R0449320-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply **Canonical**: https://yubhub.co/jobs/job_92b58c28-e25 ## Description We are seeking a Deputy Head of AFC & Compliance Luxembourg (Director) to support the Head of AFC & Compliance Luxembourg in providing independent second-line oversight and advisory services across DWS' Luxembourg platform. The successful candidate will help ensure that Anti-Financial Crime and Compliance risks are appropriately identified, assessed, governed, reported and remediated in line with Luxembourg, European and DWS internal requirements. Key responsibilities include: - Supporting the Head of AFC & Compliance Luxembourg in leading and overseeing the local AFC & Compliance function for DWS regulated entities in Luxembourg - Acting as deputy and senior representative of the function in local governance forums, management committees and board-level interactions - Taking on regulated AML-related appointments for Luxembourg investment funds (Fund MLRO) and potentially other regulated entities - Ensuring effective local implementation and ongoing enhancement of the DWS AFC & Compliance Framework - Promoting a strong culture of integrity, conduct, compliance and risk awareness across business and infrastructure functions - Providing proactive AFC & Compliance advice and challenge to senior management, business units and infrastructure functions on regulatory and compliance matters - Advising on conflicts of interest, market conduct, cross-border business, marketing and client communications, outsourcing, delegation and oversight arrangements, data handling, conduct risk and emerging regulatory topics - Supporting strategic and transformational business initiatives - Leading and coordinating Compliance and AFC risk assessments for Luxembourg entities and activities within the DWS Compliance Risk Assessment framework - Overseeing second-line monitoring and testing activities covering applicable Compliance and AFC risk areas - Reviewing findings, root causes and remediation plans and monitoring timely implementation of corrective actions - Ensuring appropriate and timely reporting to local and global governance bodies - Overseeing and coordinating local implementation of DWS Anti-Financial Crime requirements - Providing senior AFC advice, challenge and oversight regarding financial crime risks, associated controls and remediation activities - Supporting AFC risk assessments, thematic reviews, audits and regulatory requests - Coordinating AFC-related reporting, interactions and remediation activities with local, regional and global stakeholders - Acting as a senior AFC & Compliance contact for Luxembourg regulators and supporting regulatory inspections, requests and thematic reviews - Preparing and contributing to board, management and committee reporting for local governance forums and regulated entities - Escalating material AFC & Compliance risks, incidents and regulatory matters appropriately within the DWS governance framework - Supporting the development and maintenance of local policies, procedures and governance documentation - Supporting day-to-day leadership, prioritisation and development of the Luxembourg AFC & Compliance team - Providing guidance and coaching to team members on complex advisory, monitoring, governance and regulatory matters - Delivering AFC & Compliance training and awareness initiatives to employees and management - Supporting a strong compliance culture through communication, engagement and targeted guidance We are looking for a candidate with: - University degree in Law, Economics, Business Administration, Finance or a related discipline - Significant professional experience, typically 10+ years, within Compliance, Anti-Financial Crime, Legal, Risk or other control functions in the financial services industry - Strong knowledge of Luxembourg and European financial services regulation applicable to asset managers, Management Companies and investment fund activities - Experience interacting with regulators, auditors, senior management, boards and governance committees - Sound understanding of Asset Management, Distribution, Alternatives, Technology & Operations and supporting control frameworks - Proven ability to lead, influence and challenge senior stakeholders while maintaining constructive business partnership - Excellent analytical, problem-solving, stakeholder management, communication and presentation skills - Fluent English. German, French or Luxembourgish would be an advantage - Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs In return, DWS offers a range of benefits, including a hybrid working model, access to a range of benefits to create a personalised plan unique to your lifestyle, and a commitment to creating a diverse and inclusive workplace. ## Skills ### Required - Luxembourg financial services regulation - Asset Management - Compliance - Anti-Financial Crime - Risk Management - Governance - Regulatory Affairs - Communication - Analytical skills - Problem-solving skills - Leadership skills ### Nice to have - German - French - Luxembourgish - AI tools --- Source: [Apply at db.wd3.myworkdayjobs.com](https://db.wd3.myworkdayjobs.com/en-US/DBWebsite/job/Luxembourg-2-Blvd-K-Adenauer/Deputy-Head-of-AFC---Compliance-Luxembourg--Director-_R0449320-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)