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Head of Oversight

Application Deadline:  31.10.2021

Location: Luxemburg : Luxembourg 


For almost 200 years, we in DNB have been here for you. We are Norwegian and we are international. We are tradition and innovation. We are a partner in your single life, family life, daily life, business life and community life. We are here to help with the small details and the big questions. Every day we bring together people and ideas with knowledge and capital. Our purpose is to make your everyday life easier. 

We are here. So you can stay ahead!




DNB Asset Management S.A. is a leading asset manager in the Nordic region with around 140 employees across offices in Norway and Luxembourg and has more than EUR 80bn assets under management.


DNB Asset Management S.A. (the “Management Company”) is the Luxembourg arm and a licensed UCITS funds management company, a so called Chapter 15 management company. The Management Company is principally engaged in UCITS fund administration, management, supervision and international marketing & sales. The International Marketing & Sales team is responsible for active fund distribution to international wholesale and institutional clients in markets outside the Nordic region, whereas the Governance and Administration team deals with the daily operations, contractual distributors as well as the compliance, risk and legal aspects of the fund management activity. 


We are now recruiting a Head of Oversight for our Management Company.


As a Head of Oversight, you will be part of the Governance and Administration team of DNB Asset Management S.A., you will be the key driver of the oversight of the main service providers of the Management Company such as the Administrative Agent and the Distribution network. As a perfect candidate for this position, you have gained a founded operational experience in the Administration and the Distribution of Luxembourg UCITS. You are proactive, results-driven and keen on improving the service rendered to the Management Company and to its fund under management (the “Fund”). You have also gained a first managerial experience and are able to motivate and drive colleagues to achieve the set goals.  


You will report to the Deputy Managing Director of DNB Asset Management S.A.



  • Participating in the Management Committee while contributing to efficient information sharing and to the development of the assigned activities within the Management Company.
  • Monitoring the level of service delivered by the service providers and performing a close follow-up of operational issues on a permanent basis.
  • In line with the regulatory framework (CSSF circular 18/698), managing the operations oversight processes on behalf of the Management Company.
  • Ensuring a permanent streamlining of the operational processes in collaboration with the service providers in order to keep up with market standards;
  • Producing regular reports on activity assigned, illustrated by figures and key performance indicators prepared or provided by external service providers;
  • Participating in the negotiation of any set-up change with the involved service providers.
  • Liaising with services providers of the Management Company, auditors and tax advisors.
  • Coordinating the registration of the Fund and its shares in the various jurisdictions including all information sharing, or reports to fulfil the local FSAs requirements;
  • Staying abreast of regulatory developments in Luxembourg and in countries of Fund’s distribution while actively advising the Management Committee about any events that may have impact on the Fund’s distribution;
  • Acting as primary contact to the Luxembourg regulator or foreign regulators , particularly in the area of Funds distribution;
  • Actively participating in improvement of commercial materials of the Fund’s (e.g., Factsheets, KIIDs, PRIIPs, EMT/ EPT) so those are in line with regulatory requirements and market practice.


Competence and experience requirements:

  • University degree or equivalent, in finance, banking, accountancy, tax, business administration
  • At least 5 years of professional experience in the Luxembourg fund industry that has enabled the candidate to gain an in depth knowledge of the distribution and the administration part of UCITS asset management
  • First class communication skills (both written and verbal) in English. Other languages such as French, German or Norwegian represent an additional asset


Personal qualifications:

  • Service focused team player
  • Personal drive and energy to generate increased team performance
  • High organizational skills
  • Proactivity, ability to work independently and deliver at fast pace / results driven


Our offer:

  • A position offering a large spectrum of action and autonomy, allowing to fully use and further enhance your functional, technical, interpersonal and leadership skills
  • The benefits of a small organization (flexibility, ability to make your contribution very visible), combined with the strengths of a large group
  • A competitive package in line with skills and experience
  • A challenging and interesting job in a stimulating, results-oriented and international environment


The employment contract will be based on Luxembourg local terms and conditions

For further details, please contact: Louise Martinsen



If you have an open mindset to new innovative ways of working and want to be part of a global and agile team, you might be our next colleague. Welcome with your application today.                                                                                                                                                                                     


In DNB, we carry out background checks to verify that the information provided in your CV and other documentation is actually correct. Background checks are generally performed by an external independent third party. Former employers are typically contacted to check previous positions and periods of employment, while educational institutions are asked to confirm marks.


No background check will be conducted without your prior consent, and you will receive more detailed information about this, if applicable.

For positions that require an authorisation and/or approval of suitability, a police certificate of good conduct will be required.

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