Search for a Director of Risk Management with specific US regulatory experience for a ManCo, Luxembourg

Opportunity

A leading global asset manager with a Luxembourg based Management Company were recruiting a senior risk professional to join their local team and take responsibility for co-ordinating regulatory reporting and policy reviews that would ensure continuity between local and US requirements and internal practices.

Approach

The candidate would need a deep understanding of UCITS and AIFs products. The breath of technical, regulatory and product knowledge needed made the search challenging. In wanting to ensure full coverage, the team at Barclay Simpson looked at a broader set of candidate backgrounds to incorporate the different governance structures between companies in Luxembourg, in the end creating a shortlist that included candidates that were in regulatory compliance, risk management, legal and internal audit positions. To give the opportunity to compare and contrast the respective backgrounds and skill sets of the candidates, our client organised a larger number of first interviews then might be typically expected. The selection process ultimately resulted in an enhancement of the role to incorporate more international regulatory compliance responsibilities.

Outcome

By being specialists within this market, the team at Barclay Simpson were able to support this client beyond matching candidates to a job description – the knowledge of the nuances of governance structures allowed us to provide options that added more value to the client in the longer term.