SD-26103 R&T SCIENTIST – REGULATORY CONTROLS FOR FUND OPERATIONS

Fixed term contract tendersglobal.net Belval tendersglobal.net 24 Months

Are you passionate about research? So are we! Come and join us

The Luxembourg Institute of Science and Technology (LIST) is a leading Research and Technology Organisation (RTO) that drives innovation for the economy and society in Luxembourg and beyond. With cutting-edge expertise in Natural, Built, Industrial environments, Space, AI, Security and defence technologies. LIST bridges scientific excellence and applied research to design solutions that address real-world challenges and create positive impact.

 

Do you want to know more about LIST? Check our website: https://www.list.lu/

 

How will you contribute?

You’ll be working on a production-grade Retrieval-Augmented Generation (RAG) system purpose-built for second-level controls on NAV computation in investment funds. The system must retrieve relevant regulatory methodology, replicate calculation steps, detect discrepancies against fund accounting outputs, and produce control reports that are traceable, auditable, and defensible under regulatory scrutiny.

You will contribute to a system where precision, explainability, and reliability are non-negotiable.

Code Development (60%):

·          Build retrieval pipelines optimised for structured regulatory methodology documents (CSSF circulars, ESMA guidelines, fund prospectuses), with adaptive weighting to surface the specific calculation rules relevant to each control query

·          Implement numerical validation pipelines that compare LLM-derived NAV calculation outputs against fund administrator figures, applying configurable tolerance bands and discrepancy flagging logic

·          Implement chunking strategies optimised for fund accounting reports and regulatory circulars, preserving the structure of calculation tables, formula references, and numbered regulatory provisions.

·          Build evaluation frameworks measuring control accuracy (error detection rate, false positive/negative rates on flagged discrepancies) and the quality of generated audit reports

·          Optimise vector database indexing for regulatory document corpora with high update frequency, ensuring fast retrieval as new CSSF/ESMA guidance is published

 

Research & experimentation (25%):

·          Benchmark embedding models against the current Nomic Embed Text baseline, with a focus on sensitivity to numerical and regulatory language in fund accounting contexts

·          Explore cross-lingual retrieval for EU regulatory documents published across multiple languages, with emphasis on French and German variants of CSSF and ESMA guidance

·          Research agent-based simulation of NAV calculation steps, investigating how LLMs can reason reliably over arithmetic-sensitive regulatory workflows and signal confidence levels

·          Experiment with multi-agent orchestration for second-level control workflows, where agents decompose a NAV control task into parallel verification sub-tasks across pricing, accruals, and corporate actions.

 

System integration (15%):

·          Integrate LLM backends optimised for structured reasoning and develop prompt engineering patterns that enforce step-by-step calculation verification and explainable output

·          Implement comprehensive logging, structured audit trail generation, and monitoring dashboards that allow compliance officers to review and challenge control decisions

 

Is Your profile described below? Are you our future colleague? Apply now!

Education

·            A PhD in Computer Science, Artificial Intelligence, or a closely related field is required.

·            A background in Financial services domain is highly desirable.

 

Experience and skills

·          Preferably at least 2 years of research or industry experience in relevant areas.

Must Have:

·          Strong Python programming skills

·          Hands on in LLMs RAG implementation .

·          Experience with at least one ML framework (scikit-learn, transformers, etc.)

·          Familiarity with data structures and algorithms

·          Git proficiency for collaborative development

 

Highly valued:

·          Previous work with LangChain, LlamaIndex, or similar retrieval and agent orchestration frameworks, ideally in a compliance or audit context

·          Knowledge of multi agent workflow orchestration frameworks.

·          Experience with NLP libraries (spaCy, NLTK, transformers) applied to structured extraction from regulatory or financial reporting documents

·          Understanding of information retrieval concepts (BM25, TF-IDF, relevance scoring)

·          Experience with React, Node.js or similar web frameworks

·          Knowledge of evaluation methodologies for ML systems

·          Track record of conducting application-driven AI research.

·          Ability to work independently as well as collaboratively in interdisciplinary and multi-partner research environments.

·          Understanding of NAV calculation methodology, fund accounting principles, or second-level control frameworks in asset management

·          Familiarity with CSSF or ESMA regulatory frameworks governing fund operations, pricing, and oversight obligations

 

Language skills

•               Fluency in English (and French), both oral and written.

•               Other relevant languages are an asset.

 

Your LIST benefits

·          An organization with a passion for impact and strong RDI partnerships in Luxembourg and Europe that works on responsible and independent research projects

·          Sustainable by design, empowering our belief that we play an essential role in paving the way to a green society

·          Innovative infrastructures and exceptional labs occupying more than 5,000 square metres, including innovations in all that we do

·          An environment encouraging curiosity, innovation and entrepreneurship in all areas

·          Personalized learning programme to foster our staff’s soft and technical skills

·          Multicultural and international work environment with more than 60 nationalities represented in our workforce

·          Diverse and inclusive work environment empowering our people to fulfil their personal and professional ambitions

·          Gender-friendly environment with multiple actions to attract, develop and retain women in science

·          32 days’ paid annual leave, 11 public holidays, 13-month salary, statutory health insurance

·          Flexible working hours, home working policy (not remote) and access to Digital lunch vouchers

Apply online

Your application must include:

·          A motivation letter oriented towards the position and detailing your experience

·          A scientific CV with contact details

·          List of publications (and patents, if applicable)

·          Contact details of 2 references

Please apply ONLINE formally through the HR system. Applications by email will not be considered.

Application procedure and conditions

We kindly request applicants to provide their nationality for statistical purposes only, as part of our commitment to promoting diversity and ensuring equal opportunities in our workforce. This information will be kept confidential and will not be used for any discriminatory purposes.

LIST is dedicated to maintaining an inclusive work environment and is an equal opportunity employer. We are committed to attracting, hiring, and retaining a diverse workforce. All applicants will be considered for employment without discrimination based on national origin, race, ethnicity, gender, sexual orientation, gender identity, marital status, religion, age, or disability.

Applications will be continuously reviewed until the position is filled. An assessment committee will thoroughly evaluate applications, adhering to guidelines designed to ensure equal opportunities. The primary criteria for selection will be the alignment of the applicant’s existing skills and expertise with the requirements mentioned above.

As part of our recruitment process, the selected candidate might be subject to a background check in accordance with applicable laws and institutional policies. Further checks and restrictions might apply to candidates in compliance with export controls requirements.