Job Description

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

BNY Investments is a leading investment manager, with $2.2 Trillion in assets under management as of December 31, 2025. Through an investor-first approach, the firm brings to clients the best of both worlds: specialist expertise from seven specialist investment managers offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY.

We are seeking a highly qualified and experienced individual to assume the role of Head of Risk and Compliance for our Luxembourg Management Company. This senior leadership position carries Conducting Officer (dirigeant effectif) responsibilities in line with CSSF Circular 18/698 and other applicable regulatory requirements.

The successful candidate will be responsible for setting the strategy, overseeing the execution, and ensuring the independence and effectiveness of both control functions, while contributing to the overall governance and risk culture of the firm.

Key Responsibilities

The successful candidate will act as the Functional Head of Risk and Compliance with teams spanning Risk and Compliance.

As Conducting Officer – Risk Management

• Serve as the appointed Conducting Officer for Risk, with direct accountability to the Board and CSSF.
• Own the design, implementation, and regular review of the Risk Management Framework covering all applicable risk types (e.g. market, liquidity, credit, operational, counterparty, valuation, leverage).
• Ensure appropriate risk identification, measurement, monitoring, and mitigation processes for UCITS and AIF portfolios.
• Oversee risk limits, escalation protocols, and breaches reporting.
• Coordinate risk reporting to internal committees and external regulators.
• Ensure that portfolio risk profiles remain aligned with fund strategies, investor disclosures, and regulatory limits (e.g. VaR, leverage, stress testing).
• Lead the 2nd line risk input into product launches, fund onboarding, and due diligence processes.

Compliance

• Oversee and manage the Compliance Team in Luxembourg
• Ensure ongoing compliance with:
  • CSSF, UCITS, AIFMD, SFDR and MAR requirements
  • Internal policies, fund prospectuses, and cross-border marketing rules
• Serve as point of contact for CSSF correspondence, inspections and reporting obligations
• Support regulatory change management ensuring timely assessment, implementation, and embedding of new and evolving regulatory requirements.
• Oversee regulatory training, code of ethics, and personal account dealing compliance.

Leadership and Governance

• Participate actively in Executive and Risk Committees, and support Board-level governance.
• Build and manage a risk and compliance programme and team
• Foster a robust risk and compliance culture across the Management Company and its third-party relationships (e.g. portfolio managers, fund administrators, distributors).
• Ensure that the control functions maintain independence, authority, and adequate resources as per regulatory expectations.

Required Qualifications

• Minimum 10 years of experience in asset management, risk and compliance, with prior Conducting Officer experience in Luxembourg. Proven experiencing managing a Risk and Compliance team.
• Proven knowledge of Luxembourg, Irish and EU fund regulations, including CSSF Circulars, UCITS/AIFMD, SFDR, and AML rules.
• Knowledge of products including ETFs and relevant market abuse regulation requirements.
• Strong understanding of investment risk, financial instruments, and control frameworks.
• Familiarity with outsourcing oversight, including delegated risk and compliance functions.
• Fluent in English; French, German, or Luxembourgish is an advantage.
• Excellent stakeholder management, decision-making, and regulatory communication skills.

Desirable Attributes

• Recognised certifications (e.g. CFA, FRM, CAMS) are highly valued.
• Experience in multi-jurisdictional fund distribution and marketing compliance.
• Ability to interface effectively with CSSF, external auditors, and depositaries.

At BNY, our culture speaks for itself, check out the latest BNY news at:

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Here’s a few of our recent awards:

• America’s Most Innovative Companies, Fortune, 2025
• World’s Most Admired Companies, Fortune 2025
• “Most Just Companies”, Just Capital and CNBC, 2025

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.