Legal & Compliance Specialist

Date: Sep 21, 2022

Location: Luxembourg, LU

Company: Capital Group

Req ID: 54243 

Location: Luxembourg


“I can be myself at work.”


You define yourself by more than just a job title, and we want you to feel comfortable bringing your true self to work. We value your talents, your traditions and your take on the world  ̶  everything that makes you unique. We’re working hard to advance diversity, equity and inclusion in our organization and our communities because we know that what makes us different makes us better.


We want you to feel a strong sense of belonging. We value and welcome your experiences, ideas and identity. Over 40 employee resource groups unite our people and help to develop our collective empathy through unfiltered conversations about race, ethnicity, gender, gender identity, sexual orientation, faith, disabilities, mental health and so much more.


“I can influence my income.”


You want to feel recognized at work. Your performance will be reviewed annually, and your compensation will be designed to motivate and reward the value that you provide. You’ll receive a competitive salary, bonuses and benefits. Your company-funded retirement contribution will be the equivalent of 15% of your annual pay (including bonuses).


“I can lead a full life.”


You bring unique goals and interests to your job and your life. Whether you’re raising a family, you’re passionate about where you volunteer, or you want to explore different career paths, we’ll give you the resources that can set you up for success.

  • Enjoy generous time-away and health benefits from day one, with the opportunity for flexible work options
  • Receive 2-for-1 matching gifts for your charitable contributions and the opportunity to secure annual grants for the organizations you love
  • Access on-demand professional development resources that allow you to hone existing skills and learn new ones


Capital International Management Company (CIMC) is seeking to recruit a Legal and Compliance Specialist to support its European Legal and Compliance Department in Luxembourg.  The main responsibilities and required profile are described below.




The below responsibilities apply to Capital International Management Company (CIMC) Luxembourg asset management operations and Luxembourg based investment funds as well as CIMC’s branch offices in Spain, Italy, Germany and the Netherlands.  Overall, the Compliance Specialist demonstrates an intermediate knowledge in assigned areas and works independently and under general direction for more complex projects, analysis and tasks, as needed.  There are two main areas of responsibilities:


  • The Compliance Specialist is responsible, under the supervision of her/his reporting manager and other senior members of the European Legal and Compliance department, for researching, collecting and reviewing documents for a variety of regulatory filings, contracts, board materials, etc., and assisting with regulatory supervisory activities and audits.  Drafts and reviews compliance policies, processes, controls and procedures and assist internal departments to enhance and improve these controls.


  • The administration of our Luxembourg Funds is core to our business across Europe and Asia.  The Luxembourg Funds are registered in a number of countries mainly in Europe and Asia and distributed worldwide ex-US.  The Compliance Specialist is responsible, under the oversight and instruction of the associate leading the Fund Registration function and other senior members of the European Legal and Compliance department, for the registration of the Luxembourg Funds outside the US in compliance with local laws and regulations.


A detailed description of the tasks is provided further below.


Required Profile


  • University degree, of which a Compliance degree or other relevant certification is a plus;
  • Minimum 3-4 years of relevant compliance experience in the financial industry (asset management, mutual funds or banking), or within a consultancy and/or audit firm;
  • Demonstrates knowledge of regulatory compliance standards (EU, UK) and Luxembourg funds legal and regulatory framework;
  • Imperatively fluent in English;
  • Self-directed with the ability to work both collaboratively and independently to consistently meet quality and time deadlines Demonstrates meticulous attention to detail;
  • Strong organization and analytical skills and able to prioritize different tasks;
  • Demonstrates initiative by identifying issues and recommending solutions;
  • Demonstrates effective written and oral communications skills with a diverse group of associates and senior business leaders.


Detailed description of tasks


The Legal and Compliance Specialist will have the following main responsibilities, in consultation with her/his reporting manager and other members of the European Legal and Compliance team:


  1. CIMC & Capital Group Luxembourg funds compliance (50%)


  • Supports CIMC’s and the Luxembourg Funds’ on-going corporate compliance framework under the supervision of her/his reporting manager, the Compliance Officer and the ultimate responsibility of the Conducting Officer;  
  • Researches and prepares responses to surveys and regulatory reporting;
  • Researches issues/requirements and collects and reviews documents for regulatory visits, audits, requests, applications, boards, and other legal processes. Under direction, reaches out to auditors, board members, and internal business groups as appropriate.
  • Supports compliance of CIMC’s branch offices in Spain, Italy, Germany and the Netherlands;
  • Performs testing as per CIMC’s Compliance Monitoring Program;
  • Drafts and amends internally generated documents and external agreements/correspondence for compliance and business purposes for manager/attorney review, especially internal policies and procedures
  • Works with internal departments to support compliance with policies and regulations, and, where appropriate, educates and gives guidance to business areas on compliance processes;
  • Supports on-going AML/ KYC processes and reporting, and, in particular works with client-facing team on onboarding of new clients and ongoing AML/KYC refresh activities;
  • Supports needs of clients, auditors, and regulators by assisting internal business departments with responses to queries or troubleshooting issues;
  • Assists Managers and Sr. Managers with identifying issues and initiating potential solutions;
  • Provides support and interacts with Luxembourg, London and Geneva based members of the Legal and Compliance Europe department;
  • Performs additional responsibilities as assigned.


  1. Capital Group Luxembourg funds registration (50%)


  • Processes new registration of Funds and Share Classes with an active decision-making contribution to Funds related project at European and Asian level;
  • On-going maintenance of fund registrations outside of the US, including preparation and provision of necessary documentation (i.e., prospectus update), publications and interaction, directly or indirectly, with local counsel, external service providers and relevant authorities;
  • Assesses regulatory impact of cross-border fund registration on the Luxembourg Funds features (e.g., ESG, use of derivatives, investment guidelines), and more generally, identifies regulatory changes that may impact the Funds;
  • Researches, analyses and communicates requirements pertaining to the promotion of funds in various jurisdictions in support of business objectives and marketing activities;
  • Oversees and manages outside service providers from a service quality and cost point of view (i.e., invoices, fees estimation and coordination with internal stakeholders);
  • Prepares regular reporting of the Funds’ registration status.



Capital Group are committed to be an equal opportunity employer. In Europe, we endeavour to make reasonable adjustments at any point along the recruitment process for candidates in need. Reach out to the recruiter in the first instance to discuss your needs. Any information you share will be treated sensitively, confidentially and in line with our data privacy policy available on our website.


“I can apply in less than 4 minutes.”


You’ve reviewed this job posting and you’re ready to start the candidate journey with us. Apply now to move to the next step in our recruiting process. If this role isn’t what you’re looking for, check out our other opportunities and join our talent community.


“I can learn more about Capital Group.” 


At Capital Group, the success of the people who invest with us depends on the people in whom we invest. That’s why we offer a culture, compensation and opportunities that empower our associates to build successful and prosperous careers. Through nine decades, our goal has been to improve people’s lives through successful investing. We know that our history is a testament to the strength of the people we hire. More than 7,800 associates in 30+ offices around the world help our clients and each other grow and thrive every day. Find us on LinkedIn, Glassdoor, FairyGodBoss, DiversityJobs and Instagram.


We are an equal opportunity employer, which means we comply with all federal, state and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employers, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, status as a victim of domestic violence, assault or stalking or any other characteristic protected by federal, state or local law. 


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