Legal expert/Economist (m/f)
Investment firms are professionals in the financial sector (PSF) governed by the law of April 5, 1993 relating to the financial sector who carry out or provide investment activities or services. They may also carry out other regulated PSF activities in accordance with the aforementioned law. The CSSF has the competence to grant and withdraw authorizations to investment firms. As part of your role, you will contribute to the processing of authorization/licensing files.
Role & responsibilities
- The analysis of the proposed business models and qualification of the activities of candidates for obtaining an investment firm license, where applicable, in liaison with internal specialists at the CSSF
- The assessment of the business models proposed by the candidates and the evaluation, if necessary, in liaison with internal specialists, of the risks to which these investment firms are exposed
- The review of the licensing files as to their formal regulatory compliance and their compliance in substance, as well as the internal coordination of the review process, in particular in liaison with internal specialists from the department or all other CSSF departments involved
- The coordination, the monitoring of the file as well as regular oral and written contacts with the candidates and/or their advisors
- The documentary research and the drafting of opinions and notes in the context of the review of licensing files, particularly concerning the fit and proper of new directors or board members, the adequacy of shareholders with a qualifying holding, the requirements in terms of own funds and capital base, governance in the broad sense, and more generally, any question relating to the compliance with the licensing conditions
- The processing of requests for withdrawal or abandonment of licenses
- The monitoring of regulations relating to the licensing and internal governance of investment firms, including internal control, as well as the provision of assistance including the drafting of opinions and contributions in this area
- University degree (Bac +4/+5) in law (preferably with a focus on financial law or economic law) or in economics, finance or management
- For applicants with a legal background, the possession of the certificate of complementary training in Luxembourg law (CCDL) and the end of judicial training examination or a PhD in law is considered as an advantage
- Work experience in a renowned local law firm, in the legal service of a reputable professional of the financial sector, in the field of audit, compliance of credit institutions or other professionals of the financial sector or in a supervisory authority is an advantage
- Good knowledge of the regulatory framework (financial sector law, European directives and regulations, CSSF regulations and circulars) as well as of the rules of administrative law applicable to enforcement procedures
- Basic knowledge of financial analysis or data mining is considered an asset
- Excellent writing, analytical and synthesis skills
- Perfect proficiency in written and spoken French and English. Knowledge of German and Luxembourgish will be considered as an advantage
- Good communication skills, ability to integrate a team and to interact professionally with internal and external stakeholders
- Good organizational and follow-up skills, rigor and ability to work independently
The successful candidate (m/f) will be hired as public employee (“employé de l’Etat”) under a permanent contract. If the candidate meets the required conditions, s/he will be asked to apply for admission to the status of civil servant (“fonctionnaire de l’Etat”).
Prior to the conclusion of the contract, the candidate must submit an extract from the criminal record (bulletin n°3), dated less than 2 months, in order to prove their conduct and integrity.
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