Team Overview The Distribution Control Team is responsible for multiple key tasks within Schroders Europe, such as conducting Intermediary Due Diligence, Cross-Border Activity Control, Branch Oversight, and Distribution Monitoring Control. Intermediary Due Diligence ("DD") includes gathering and analysing information to assess the risk of money laundering / terrorist financing in relation to intermediaries and distributors ("intermediary") prior to establishing distribution contracts with Schroders Europe to distribute, purchase or privately place investment funds. Particular relevance is made to the term "intermediary" as private individuals will be dealt with by the Transfer Agent. The Intermediary On-going Due Diligence is the process by which all the existing and established relationships are reviewed on a regular basis to ensure compliance with the latest Anti Money laundering laws and regulations, as well as with the internal policies and procedures in Luxembourg. Cross-Border Activity Control ("CBAC") is defined as the conducting of business activity from one jurisdiction into another, with cross-border clients or with other third parties, with the intention, directly or indirectly, of marketing the "Schroders" brand, distribution or furthering distribution of Schroders products (pooled funds, structured products, etc.) or providing services such as discretionary or advisory. It also includes servicing existing clients, exploring business development opportunities and responding to requests from Cross-border Clients even when the contact was unsolicited by Schroders. Schroders Europe must remain compliant with applicable laws and regulations relating to the conduct of CBA, including the requirements around Anti-Money Laundering and Sanctions. Branch Oversight ("BO") is the activity in place in order to ensure the robust oversight of Schroders European branches to mitigate any risks associated with the activity carried out by them. BO includes frequent interaction, ongoing support and monthly status meetings, and formal onsite meetings, if required. BO activity also covers documenting the procedures with branches to ensure that they provide specific data on a clearly defined timeframe to centralise and produce reports for the Board of Schroders Europe and the CSSF. Distribution Monitoring Control ("DMC") is the control and monitoring of all distribution related matters, monitoring the client life cycle, keeping all existing databases up-to-date, and preparation of reports and KPIs.
Role Overview Branch Oversight ("BO") is a new activity which Schroders Europe is putting in place in order to fulfil both legal and regulatory obligations. The primary activity of the branches is to provide UCITS and UCI distribution services to Intermediaries and Institutional clients, as well as to private individuals, where authorized. BO function ensures the adequate oversight of branches to mitigate any risks associated with their activities. Key functions of the role
Act as an intermediary between the branches, Distribution Control, CSM, Compliance and other stakeholders of Schroders Europe, if required;
Implement and document the procedures with the branches to ensure that they provide specific data on a clearly defined timeframe to centralise and produce reports for the Board of Schroders Europe and the CSSF;
Define the branch reporting process to provide reports to Schroders Europe Management Committee and board;
Provide ongoing support and assistance if required, as well as monthly status meetings and onsite meetings when necessary;
Identify key risk areas within branch activity, including fund distribution, marketing, AML/CFT and regulatory risks;
Define a risk-based approach in order to prioritise the oversight work and implement proper control focusing on risk assessment and oversight of fund distribution;
Ensure compliance with relevant Schroders Europe and Group policies, as well as regulations and circulars;
Assist the Distribution Control Team Leader as well as Head of Investment Management and Distribution Services in any ad-hoc requests in relation, but not limited to, the BO function;
Take part in any project related to BO, branch establishment or other, if required. Essential Skills
Good knowledge of the Luxembourg regulatory framework governing Fund Distribution;
Minimum 4-5 years' experience in the financial industry with exposure to Fund Distribution;
Decision maker, capable of taking initiatives and solution oriented mind-set;
Diplomatic, excellent communicator, will have dealt directly with internal and external clients;
Excellent organisational skills;
Self-educating, curious, pragmatic;
Able to multi-task, work under pressure with commitment to deliver under a tight deadline;
Team player, supportive of others, proactive;
Fluency in English (verbal and written);
Knowledge of Microsoft Office, in particular Excel and Word.
Knowledge of another European language would be an advantage (in particular French, Spanish, Italian).
Internal Number: 5850281
About Schroders Investment Management
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