Regulatory Compliance and M&T, Associate 2

IFDS International Financial Data Services
27 décembre 2023 par
vanessa Icardi Serrami

Job Description

IFDS, established in 2007, is a market leader in Transfer Agency Services committed to providing high quality services and technology to our clients, with European offices in Dublin and Luxembourg. IFDSL is owned equally by SS&C Technologies Holdings, Inc. and State Street Bank Corporation.

IFDSL services and supports a diverse range of products across multiple fund domicile on behalf global Asset Managers. Our unique set up provides the expertise, scale, technology and strategic support and partnership to our clients. We are deeply involved, with the support of our Shareholders, in the evolution of our Industry, towards more Innovation and Digital transformation. 

IFDS Luxembourg currently services a total of €1,100 billion AUM for some of the most sophisticated and demanding asset managers in the industry. Our footprint in Luxembourg is about 320 people and we have more than 700 people globally supporting our Luxembourg businesses. 

Our Mission and Values:

Our mission is to ‘build great experiences for our clients, their customers and our employees’.

This is achieved through our values of ‘PACE & L’: Professional, Accountable, Client Focused, Excellence and Leadership.

Your Role

We are looking for a Compliance Regulatory and Monitoring, Associate 2, to join our Compliance team. You will be responsible for providing an efficient and effective compliance service and to promote and to assist the company in meeting its regulatory obligations. The role requires you to ensure effective compliance risk monitoring and advisory service is provided to all areas of the IFDS business, to management companies and auditors. Also, it requires regular liaison with various operational departments within the company at group level, with our business partners, sister companies and/or delegates and auditors. It also requires a strong collaboration with the Business Control team, with whom Compliance Monitoring performs joint tests.

Finally you will support your team to monitor the regulatory framework in order to ensure the relevant Compliance risks and requirements are captured and actively communicated to the relevant teams across the company.

Your Team

You’ll be working within the Compliance department and directly reporting to the Line Manager, Head of Compliance Regulatory and Monitoring Team.

Your Responsibilities

  • Actively follow regulatory developments, participating in relevant meetings and provide your Manager and team with updates.

  • Compliance Monitoring scoping, testing and reporting on compliance specific topics with a view to identifying, analysing and preventing compliance risks within IFDS business activity. This relates to both new business, as well as developing or enhancing existing controls to mitigate these risks.

  • Support your team to deliver quality Compliance Monitoring reporting, aiming for accuracy and meeting deadlines.

  • Follow up on Outstanding Treatment Actions deriving from compliance monitoring reports.

  • Contribution to Due Diligence reporting for both IFDS driven Due Diligence exercises relating to Outsourcing Services Providers and other IFDS Vendor, as well as client driven Due Diligences.

  • Support the develop and update of relevant Internal policies and procedures.

  • Support the Gap analysis exercise for each regulations/laws reviewed to assess impact on the Transfer Agency business.

  • Support you team to maintain complaints register and other register up to date as required by the Compliance Regulatory Team.

  • Review and update regulatory training materials.

  • Support your team in carrying out the Annual Compliance Risk Assessment and Compliance Monitoring Planning.

  • Assist your team to manage and deliver internal and external reporting within deadlines.

  • Assist the Team Leader in closing audit or compliance open points in a timely manner.

  • Assist your team to solve compliance issues related to the Business and Compliance team.

  • Ensure culture and behaviours are aligned to achieving regulatory and risk excellence.


Your Profile

  • Degree in Law, Finance or Business.

  • Initial working experience in Transfer Agency or financial sector in general.

  • Some understanding of AML/KYC, compliance, audit and/or regulatory.

  • Some understanding of EU and local rules and regulations.

  • Good working knowledge of MS Office suite, including Word, Excel and PowerPoint.

  • Administrative and business support skills, with the ability to multi-task and to work calmly under pressure.

  • A clear and analytical methodical approach to problem-solving; organization skills for oneself and others; willingness to assume additional tasks in order to share workload within team/department; meet tight deadlines with initiative and team-oriented spirit.

  • Excellent communication skills - Fluent in English (other European languages are an added value, especially French).

  • Collaborative in approach with strong emphasis on delivery and execution.

  • Proactive, organised, self-reliant, flexible.


About State Street

What we do.

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.


Medical Care and Insurance

We provide a range of medical plans that cover you and your dependents. You can also take advantage of our employee and family life insurance, accidental death and dismemberment coverage.

Well-Being Programs

State Street's BeWell helps employees proactively manage their well-being. Our Employee Assistance Program (EAP) provides personal and confidential assistance for a broad range of issues.

Financial Well-Being

Depending on where you work, you will be eligible for regionally specific savings and/or retirement plans. We also provide resources and host local events to educate employees on achieving financial well-being.

Holidays and Time Off

We provide our employees with a highly competitive holiday and paid vacation allowance, with considerations for local requirements. We also offer our employees two paid days off to volunteer their time to company-driven initiatives or organizations of their choice.​​​​​​​

Supporting Families​​​​​​​

We are committed to supporting all employees and the ones they care about.  Some of our programs include paid parental leaves, back-to-work support, adoption assistance or flex work arrangements.

Other Benefits

Among others benefits, you may have access to group savings, discounts at sport clubs and cinemas, and our new employee referral bonus program.