AIFM Head of Risk Management, Conducting Officer (m/f)

Description:


Role and responsibilities

The Conducting Officer is a member of the senior management of the Luxembourg third party AIFM servicing funds with the following investment strategies: Private Equity, Real Estate, Infrastructure, Debt, Fund of funds.
The Conducting Officer is responsible for the effective day to day management, oversight and control of the AIFM's regulated activities, in accordance with AIFMD, applicable CSSF regulations, and internal governance arrangements.
The role includes specific responsibility for regulatory oversight, operational governance and contributes to the sound and prudent management of the AIFM. The Conducting Officer will be in charge of the IT function for the AIFM and act as a key contact point for the CSSF.


You will act as a key leader within the governance and senior management framework.

Key Responsibilities

AIFM governance & regulatory oversight

• Ensure the AIFM operates in full compliance with AIFMD, Luxembourg laws and regulations, CSSF circulars and applicable EU regulatory frameworks.
• Implement and maintain a robust governance framework, including clear allocation of responsibilities, escalation procedures and reporting lines.
• Prepare, review and present matters to the Board of Directors, including regulatory, risk and operational topics.
• Act as a senior management representative in dealings with the CSSF, auditors and other external stakeholders.


Risk & internal control framework

• Contribute to the effectiveness of the AIFM's risk management, compliance and internal control framework.
• Ensure Risk management approach for alternative investments are implemented including:
o Risk management and investment compliance checks through the investment cycle (from the fund creation to the liquidation)
o Risk profiles definition
o Pre-deal and divestment risk analysis
o Risk monitoring for all types of risks (Market risk, Counterparty risk, Credit risk, Operational risk, Liquidity risk, Sustainability risk)
o AuM and leverage calculation
• Ensure regulatory reporting obligations (e.g. Annex IV, ad hoc CSSF notifications) are fulfilled accurately and on time.
• Promote a strong risk culture within the AIFM.


ESG & SFDR Oversight

• Ensure the AIFM's ESG framework is appropriately designed, implemented and monitored in line with applicable regulations and internal policies.
• Oversee compliance with SFDR, including:
o Pre contractual disclosures,
o Periodic reporting,
o Website disclosures,
o Consistency between investment strategy, ESG commitments and disclosures.
• Coordinate with portfolio managers, risk management, compliance and external service providers to ensure data quality, documentation and audit trail for ESG related disclosures.
• Monitor regulatory developments in sustainable finance (SFDR, Taxonomy Regulation, related CSSF guidance) and ensure timely implementation with the support of the AIFM ESG Committee.


ICT Risk Oversight & DORA

• Oversee the AIFM's ICT risk management framework with the support of Compliance, ensuring alignment with regulatory expectations and proportionality principles.
• Ensure readiness and ongoing compliance with the Digital Operational Resilience Act (DORA), including:
o ICT risk identification and mitigation,
o Incident management and reporting,
o Business continuity and disaster recovery arrangements,
o Oversight of ICT third party service providers.
• Ensure appropriate coordination with group IT, risk management, compliance and external providers on ICT related matters.
• Report material ICT risks and incidents to senior management and the Board, as required.


Key competencies for position and level

Experience

• 8 to 10+ years in Risk management, asset management, covering the following investment strategies: private equity / real estate / debt / infrastructure / venture capital, ideally within an AIFM or ManCo in Luxembourg.
• CSSF-approved: you have previously held a Conducting Officer mandate or an equivalent senior management role approved by the regulator.
• Significant senior level experience within a Luxembourg regulated AIFM, ManCo or equivalent regulated environment.


Education

• Master's or equivalent in Finance, Economics, Business Administration, or relevant field.


Technical Skills

• Strong knowledge of AIFMD, Luxembourg regulatory requirements and CSSF expectations.
• Demonstrated understanding of ESG and SFDR requirements and their practical implementation within an AIFM.
• Solid awareness of ICT risks in financial services and regulatory expectations under DORA.
• Strong knowledge of operational risks and related governance (escalation, reporting, management and mitigation)
• Previous experience with liquid / UCITS strategies considered as an asset


Languages

• Fluent English is essential. French or another EU language is a strong asset.


Key behaviours we expect to see

In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:

• Strong leadership, judgement and decision making abilities.
• Ability to challenge constructively and escalate where necessary.
• Excellent communication skills with Boards, regulators and senior stakeholders.
• Highly organised, resilient and able to operate in a regulated, multi stakeholder environment
• Excellent communication and interpersonal abilities; capable of senior stakeholders' and regulators' engagement.
• Leadership and teamwork: mentoring juniors, cross-functional collaboration.
• Detail-oriented, reliable, proactive, and capable of managing complex processes and priorities.