Senior Specialist Due Diligence

Who are we looking for

We in the Distribution Control Department are looking for a self-starter, that can work independently, has strong analytical skills, is flexible and has strong knowledge in AML/CTF and Kown Your Distributor processes. We are responsible for the performance of initial and ongoing due diligence on Schroders’ clients and business partners. We as a team are all curious and interested in delivering high quality reports that the management can use to take decisions. Ideally, our future colleague should have a good understanding of distribution in the public and alternative assets space. The candidate should also be fluent in English and any other spoken European language would be an added value.

About us

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions. We aim to provide excellent investment performance to clients through active management. We serve a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Established in 1804, we have around 5,500 people across 36 global locations. Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies.

What you will do

The role of the Senior Specialist AML/Know Your Distributor (KYD) is the performance of initial and ongoing AML due diligence on intermediary’s business partners investing in Schroders Investment Management Europe (SIM EU) products.

Manage effectively the day to day responsibilities pertinent to the Initial and Ongoing Due Diligence activities with an emphasis on quality and the awareness of money laundering risk linked to the operational models, distribution and marketing behaviour for the promotion of SIM EU funds and services.

The Senior Specialist will have at least the following duties and responsibilities:

• Maintain 1st line of defence compliance with Financial Crime policy and Schroders distribution’ principles.

• Develop effective controls related to AML/CTF and KYD in line with regulatory requirements/market practice which requires 4 eyes review and act as a checker in the context of initial and ongoing due diligence.

• Evaluate the risks of Intermediaries and their network prior to entering a business relationship as well as on an on-going basis.

• Ensure a more thorough and detailed due diligence by getting evidence of adequate FC controls by binding and voluntary means with Schroders counterparties

• Analyse the sales and operating model (covering marketing activities) of Intermediaries in relation to Schroders Europe funds, in particular cross-border distribution, as well as local marketing rules for unregistered funds during the onboarding and ongoing due diligence exercises.

• Review of the Intermediaries’ AML/CTF policies and other relevant investors’ documents on a case by case basis.

• Closely work with the Client Service Team (CSMs) on gathering the AML/KYD and business required information. 

• Provide advice on new distribution channels, associated risks and possible mitigations.

• Ensure that all documents related to business counterparties are properly documented an accessible to internal and external auditors after required quality checks.

• Closely work with Compliance, Legal, Internal Audit and other business teams on BAU and new AML/KYD requirements

• Take ownership of complex AML matters and provide guidance and support the team and other business teams like the CSM or the MLRO.

• Support the Head of Distribution Control in performing his duties.

• Ensure all activities are in line with Schroder’s Group Due Diligence Mandatory Procedures.

The knowledge, experience and qualifications that you will need 

It would be helpful you if have:

• A proven career in AML/KYD (minimum of 3 years) at a Luxembourg Asset Manager with in-depth knowledge of AML/CTF regulatory requirements and market practice, particularly in Luxembourg.

• A good understanding of the onboarding and ongoing process and be familiar with the 4 eyes checks on due diligence activities in place by AML/KYD.

• An expertise on the Commission de Surveillance du Secteur Financier regulations with regards to AML due diligence.

• A strong interpersonal skills with ability to communicate at all levels.

• A proven leadership, people management and organisational skills.

• Experienced in advising a sizeable team on a day to day basis and make key decisions.

• Experience of managing significant regulatory change in both a BAU and project environment, as well as effective relationship management skills with third party administrators.

• Excellent relationship building skills with internal stakeholders: CSM (Client Service Management), MLRO (Money Laundering Reporting Officer), Legal and Compliance.

• A strong knowledge of Microsoft Office, in particular Excel and Word.

• A University degree or equivalent professional qualification.

What we require from you

• You are a decision taker with a solution-oriented mind-set, capable of taking initiatives.

• You can multi-task, work under pressure with respect to the deadlines.

• You are able to work in a dynamic and changing environment.

• You are enthusiastic with a positive can-do attitude.

• You gain commitment through excellent influencing skills.

• You never compromise on quality of the AML reviews and adhere strictly to the policy

• You pay good attention to detail while appreciating the bigger picture

• You are focused and follow topics till their full resolution

• You are a team player

We are looking for a candidate who has passion, enthusiasm, desire, and ability to move things forward. The successful candidate will be part of a young dynamic team and will share with us daily challenges and successes.

We Recognise Potential, Whoever You Are

Our purpose is to deliver excellent investment performance to clients through active management. We believe diverse perspectives and an inclusive culture help us make better decisions and achieve better outcomes for our clients. That's why inclusion is a strategic priority for us, and we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic. 

We will consider flexible working arrangements for all roles and provide reasonable accommodations to support applicants and employees, including those with neurodiversity, disability, or physical and mental health needs. For more information, please visit our FAQs.