Authorised Manager - Psf

Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary:

The Authorised Manager – PSF role, requires prior regulator (CSSF) approval, as a member of the authorised management of the specialized PSF entity, has collective responsibility for the daily managing and governance of the company, while ensuring compliance with local laws and regulations and working with the CEO to achieve the company/group objectives, fundamental for the growth and success of the company in Luxembourg.

The role entails both managing people and the managing client relationships, ensuring superior client service and the delivery of accurate information in a timely fashion. The successful candidate will be a senior escalation point for client matters and will monitor and direct the activities of those within the company.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Ensure compliance with local laws and regulations and act as an authorized manager for the local regulator.
• Work closely with group functions including Risk, Compliance, Finance and HR.
• Oversee the team working within the Domiciliation and Company Secretarial Services, ensuring that clients’ domiciliation responsibilities are satisfied, and the deliverables are met in line with SLAs and KPIs.
• Act as the subject matter expert in compliance and oversight of outsourced activities, keep abreast of regulatory developments to advise the business and clients on its regulatory obligations.
• Develop and maintain strong client relationships and assist the CRM and onboarding teams to ensure that the highest standards of services are delivered consistently to clients and to handle any client complaint.
• Train, develop and evaluate employees within the reporting lines.
• Enforce adherence to legal guidelines, internal controls and company policies
• Manage and cultivate existing relationships with stakeholders, both internal and external
• Exercise highest business judgment and endeavor that business decisions are taken in the absence of fraud, bad faith, or abuse of discretion

REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

CSSF approval for the following functions:

• Responsable(s) de la domiciliation

Experience:

• Minimum 15 years' previous industry experience, with a robust knowledge of the Luxembourg domiciliation and compliance responsibilities, and a minimum of 10 years' experience in proven management roles.
• Prior experience performing an authorised manager / conducting officer role in a specialised PSF is desired.
• Strong understanding of regulatory requirements impacting Luxembourg fund administrator and domiciliation agents, with focus on governance, risk management and compliance.
• The candidate should be self-motivated and will show an ability to work in a demanding and progressive environment, meeting deadlines as necessary.
• Ability to communicate effectively and professionally with colleagues and stakeholders at all levels, in particular senior management and board level.

Education:

• A Bachelor’s degree (preferably in Law or Legal Theory but other disciplines may be considered).
• Qualified/part qualified lawyer would be an advantage.
• Compliance qualification would be an advantage.