Investment Management Oversight Lead – ManCo (Luxembourg)
About the Role
We are seeking a senior professional with experience in investment oversight and regulatory compliance to take responsibility for the Investment Management function within our UCITS Management Company (ManCo) based in Luxembourg. The role reports directly to the Conducting Officer in charge of Investment Management and plays a critical part in ensuring robust oversight of delegated investment managers, regulatory compliance (including ESG), and the implementation of a strong governance framework, in line with CSSF Circular 18/698.
Key Responsibilities
- Act as the primary point of contact and manage the relationship with the delegated Investment Managers.
- Lead the due diligence process for initial/periodic assessments of investment managers and ongoing monitoring, including analysis of:
- Governance structures, internal control and implementation of the 3 Lines of defense model.
- Investment processes, portfolio construction and asset allocation.
- Capabilities and track record of the investment teams.
- Performance monitoring and attribution analysis
- Pre-trade investment compliance controls and operational workflows.
- Regulatory controls and procedures applied to the investment circuit (Market abuse, best execution, fair allocation, conflicts of interest, related party transactions, etc.
- Definition and implementation of the ESG framework (integration of sustainability risk into investment processes, control of the effective implementation of sustainability strategies, PAIs management, engagement follow up, etc.
- Business continuity and operational resilience strategies.
- Anti-money laundering (AML), with focus in asset screening.
- Participate in and contribute to internal committees, including Portfolio Management Committee, Voting Committee, Sustainability Committee and Oversight Committee.
- Support regulatory reporting obligations and interactions with the CSSF, auditors, and board of directors.
- Work closely with Conducting Officers and internal functions (risk management, compliance, legal, operations).
- Assist in the development and periodic review of internal procedures and governance documents related to the investment management function.
- Responsible person for ESG reporting, ensuring compliance with SFDR, EU Taxonomy, and related ESG regulations.
Requirements
- 5+ years of relevant experience in asset management, taking on responsibilities in Investment oversight, Internal Audit, Risk or Compliance.
- Demonstrated experience in due diligence execution, ongoing monitoring, implementing or enhancing internal control frameworks related to investment management.
- Understanding of investment strategies across asset classes.
- Knowledge of Luxembourg regulatory requirements, including CSSF Circular 18/698, SFDR, and UCITS frameworks.
- Excellent verbal and written communication skills; fluency in English required, (Spanish is a plus)
- Bachelor´s degree in Business Administration or related field required. Relevant professional qualifications (CFA, FRM, ESG certifications) are a strong plus.
What We Offer
- A key leadership role in a growing, well-regarded Luxembourg ManCo.
- Opportunity to shape the investment oversight and ESG frameworks in a highly visible function.
- Exposure to a wide range of investment strategies and fund types.
- Collaborative and international work environment.
- Competitive salary and benefits package.
Santander Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Santander and has not been reviewed or approved by Santander.
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Retirement Support — A dollar‑for‑dollar 401(k) match up to 6% of eligible pay and immediate vesting are highlighted as core strengths, supporting long‑term savings. This is reinforced by company‑paid disability and life/AD&D coverage that bolster financial security.
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Leave & Time Off Breadth — Paid time off typically ranges from 18–30 days in the U.S. with 11 paid holidays, plus dedicated volunteer and development time; the UK features a minimum of 25 days with buy/sell options. Some roles also use self‑managed PTO, offering additional flexibility depending on team norms.
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Parental & Family Support — U.S. parental benefits include 8 weeks paid for all parents and a total of 16 weeks paid for birth mothers, with flexibility for reduced hours around childbirth. Caregiver leave and dependent‑care programs add further family support.
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What We Do
Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.
