Legal Expert/Economist – Division 3 “Supervision of certain investment firms / MICAR & ESG competence centre” (m/f)
Investment firms are professionals of the financial sector (PFS) governed by the Law of 5 April 1993 on the financial sector, which carry out investment activities or provide investment services. Investment firms may also perform activities of other PFS.
Role & responsibilities
- Assessment of the regulatory compliance of investment firms based on their prudential reporting and reports from the internal control functions, the approved auditor and any other documents submitted in accordance with the regulatory requirements
- Assessment, in collaboration with the department's internal specialists, of the risks to which investment firms are exposed
- Legal research and resolution of legal questions in relation to the regulatory framework applicable to investment firms
- Application of the legal powers of the CSSF, management of enforcement procedures, including procedural aspects, in relation to investment firms
- Contribution, in collaboration with the department's internal specialists, to the AML/CTF supervision aspects
- Contribution to the ongoing development of regulatory expertise (MiFID, MICAR, ESG, …) and handling of enquiries related to the practical application of the MiFID regulatory framework to investment firms
- 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
- A first 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, rigour 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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