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BNY Investments is a leading investment manager, with $2.2 Trillion in assets under management as of December 31, 2025. Through an investor-first approach, the firm brings to clients the best of both worlds: specialist expertise from seven specialist investment managers offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY.
We are seeking a Conducting Officer for Risk at Director level to join our Risk and Compliance team in the Luxembourg Management Company.
The Conducting Officer is the nominated responsible person for Risk Management, with responsibility to the Board and the CSSF. The candidate will also be responsible for ensuring second line of defence Risk Management and Compliance frameworks remain appropriate to meet the needs of the CSSF, and relevant regulations of the Irish and Luxembourg fund ranges, managed by the Management Company (Man Co) / Alternative Investment Fund Manager (AIFM). Working with the BNY Group global risk and compliance teams, the candidate will lead the second line risk management and compliance teams to develop a robust risk and compliance culture within the Luxembourg Man Co.

Key Responsibilities:

Responsible for the design, implementation, and continuous enhancement of the risk management and compliance frameworks, including policy, procedures for UCITS and Alternative Investment strategies.
Establish and oversee a consistent risk management approach across the business; collaborating with investment, operations, compliance, and governance teams to effectively implement and monitor procedures.
Managing the Man Co’s Lux based compliance team and providing additional oversight of the identification of regulatory and compliance risks and ensuring the compliance framework continues to meet CSSF and industry best practice. Conducting Officer for Compliance will have a functional reporting line into this role.
Engaging with BNY Group risk and compliance teams to ensure ICT and Operational Risk activities remain in compliance with CSSF expectations and industry best practice.
Oversee and implement regulatory change related to risk management and industry best practice; ensure timely alignment with CSSF and relevant Luxembourg & Irish regulations and circulars.
Oversee the risk monitoring framework, including monitoring of fund risk profiles ; and robust risk identification to ensure fund compliance and adherence to investment limits and applicable regulations.
Reporting of frequent and ad‑hoc risk reports to senior management, the Board, and the CSSF/regulator and ensuring material risks are escalated promptly.
To review and challenge the first line delegation oversight frameworks to ensure alignment with regulatory expectations.

Candidate Requirements:

Experience as a CSSF-approved Conducting Officer for an AIFM/Man Co for Risk and/or Compliance
10 years of risk management and compliance experience across relevant fund types:

• UCITS • Alternative Investments and demonstrable regulatory knowledge of CSSF requirements.
  Experience of people management and leadership responsibilities
  Profound knowledge of Luxembourg legal and regulatory requirements relating to risk management, fund administration, regulatory compliance and corporate governance.
  Additional experience in Corporate Management, Fund Administration, or similar is advantageous.
  Demonstrated professional integrity, self-motivation, accountability, and strong analytical, influencing, and communication skills.
  University degree in Business, Finance, Law, Economics, or a related field.

Core competencies:

Regulatory fluency (CSSF guidance and rules, UCITS/AIFMD frameworks) and practical implementation skills.
Risk methodology expertise (market, credit, liquidity, operational, valuation, model risk).
Strong governance orientation with Board-level communication capability.
Strong analytical skills, including data-driven reporting, KPI design, and risk analytics proficiency.
Cross-functional collaboration and stakeholder management at a senior level
Fluent in English (written and verbal)

Reporting Line:

Functional reporting into BNY 2nd line Risk and Compliance

Location:

Luxembourg

Employment Type:

Full-time.

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BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

• BNY is an Equal Employment Opportunity/Affirmative Action Employer
• Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.