Deputy Head of AFC & Compliance Luxembourg (Director)

Employer: DWS Group Title: Deputy Head of AFC & Compliance Luxembourg (Director) Location: Luxembourg About DWS: Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change. Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment. We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career. This is your chance to invest in your future. Team / division overview The Deputy Head of AFC & Compliance Luxembourg supports the Head of AFC & Compliance Luxembourg in providing independent second-line oversight and advisory services across DWS' Luxembourg platform, including one of the largest Management Companies in Luxembourg. The role helps ensure that Anti-Financial Crime and Compliance risks are appropriately identified, assessed, governed, reported and remediated in line with Luxembourg, European and DWS internal requirements. The position is fully integrated into the global DWS AFC & Compliance organisation and acts as a senior local point of contact for regulators, senior management, boards and internal governance bodies regarding AFC and Compliance matters.

As our Deputy Head of AFC & Compliance, you will: AFC & Compliance Framework Support the Head of AFC & Compliance Luxembourg in leading and overseeing the local AFC & Compliance function for DWS regulated entities in Luxembourg. Act as deputy and senior representative of the function in local governance forums, management committees and board-level interactions, as appropriate. Take on regulated AML-related appointments for Luxembourg investment funds (Fund MLRO) and potentially other regulated entities, including responsibilities associated with applicable Luxembourg AML governance roles, and ensure effective oversight of delegated AML activities where applicable. Ensure effective local implementation and ongoing enhancement of the DWS AFC & Compliance Framework. Promote a strong culture of integrity, conduct, compliance and risk awareness across business and infrastructure functions. Advisory & Business Partnership Provide proactive AFC & Compliance advice and challenge to senior management, business units and infrastructure functions on regulatory and compliance matters. Advise on conflicts of interest, market conduct, cross-border business, marketing and client communications, outsourcing, delegation and oversight arrangements, data handling, conduct risk and emerging regulatory topics. Support strategic and transformational business initiatives, including product, distribution, technology, outsourcing and operational change programmes. Act as AFC & Compliance representative in governance forums, business committees and project steering groups where senior second-line input is required. Act as Compliance and AFC representative in board meetings, governance forums, business committees and project steering groups. Compliance Risk Management & Monitoring Lead and coordinate Compliance and AFC risk assessments for Luxembourg entities and activities within the DWS Compliance Risk Assessment framework. Assess inherent risks, control effectiveness and residual risk profiles and