Oversight of Delegated Functions Officer


Luxembourg, LU



We are Alter Domus. Meaning “The Other House” in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries. 


With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take. 


Find out more about life at Alter Domus at careers.alterdomus.com  



For our office in Luxembourg, we are currently looking for an Oversight of Delegated Functions Officer for our Management Company. We offer a young, dynamic, and international corporate atmosphere as well as the benefit of customized training adapted to your needs throughout your career.


As member of the Oversight of Delegated Function your main responsibilities will be:
•    Perform initial and periodic due diligence and ongoing monitoring the on delegates and key service providers of the management company and the funds we manage (e.g. portfolio managers, central administrators, depositaries, etc).
•    Responsible for the collection, review and assessment of the key performance and risk indicators of our counterparties.
•    Follow up on findings and recommendations identified during the due diligence and ongoing monitoring processes.
•    Carry out AML/CFT controls on counterparties in line with applicable regulations and the company procedures.
•    Organization and participation to service level reviews and onsite inspections.
•    Coordinate with the relevant departments of the management company to ensure completion of due diligence performed on the management company.
•    Ensure the recordkeeping and evidencing of the Oversight department activities to allow a proper reporting to the Senior Management and the Board of Directors of the management company.
•    Support the department’s manager in updating the policies, procedures and specific documentation (questionnaires, checklists, reports, etc.) to comply with the regulation, market practices and the company’s processes.



•    A year experience in a similar role would be considered as an asset.
•    Strong knowledge of the investment funds industry and its various actors.
•    Ability to engage good working relationships with a range of stakeholders including clients, internal teams and service providers.
•    Excellent organisational, prioritization and written communication skills.
•    Autonomous, rigorous, result-oriented and flexible.
•    Professional level of English (spoken and written) is a must, any additional language is a plus.
•    High level of responsibility and flexibility, ability to take initiative, learn quickly and strive for results.



We are committed to supporting your development, advancing your career, and providing benefits that matter to you. 


Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning. 


Our global benefits also include: 


  • Support for professional accreditations such as ACCA and study leave 
  • Flexible arrangements, generous holidays, birthday leave and graduation leave 
  • Continuous mentoring along your career progression 
  • Active sports, events and social committees across our offices 
  • Support with mental, physical, emotional and financial support 24/7 from our Employee Assistance Program 
  • The opportunity to invest in our growth and success through our Employee Share Plan 
  • Plus additional local benefits depending on your location 



Equity in every sense of the word 


We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong. 


We celebrate our differences, and understand that our success relies on diverse perspectives and experiences, working towards shared goals and a common purpose. Thanks to the work of our Group DE&I Committee and network of DE&I Champions, we empower all of our people to be truly invested in the alternative.  


We are committed to ensuring an inclusive recruiting and onboarding process. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you.