The Securities Services business of BNP Paribas is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
We are currently looking for a :
Senior Private Capital Depositary Officer (M / F)
permanent contract
WHAT'S YOUR DAY-TO-DAY MISSION?
Within a dedicated Private Capital team in Depositary and Fiduciary Services Operation to :
- Perform depositary controls
- Ensure the Safekeeping Follow-up and Asset Inventory production in their relationship and follow-up of exceptions with the different Safekeepers
- Gain expertise on our processes to become the Client dedicated point of contact for Depositary and especially Private Capital-oriented Depositary subjects :
Maintain Fund Profiles up to date
Manage client communicationFollow-up escalation processEnsure Funds' compliance to regulationContribute to the implementation of business processes by providing support and / or advice to manage fund events and deploy DFSO operating model.Conduct to improve Private Capital-related Depositary Controls (Cash Flow Monitoring and Oversight Duties including Investment Compliance)MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!
Your working environment
Permanent Contract, based in LuxembourgContribution to the different depositary controls teams in the execution of their tasks and controls with regards to Private Capital fundsOnce familiar with all DFSO processes, as Client dedicated point of contact for Depositary and especially Private Capital-oriented Depositary subjects :Ensure strong understanding of the Clients and their specificities by maintaining Funds Profile up to dateGuarantee Client Satisfaction by being the trusted and dedicated point of contact for Depositary subjects. Reply to client queriesEnsure receipt of daily / monthly reports of exceptions resulting from Depositary controls and the follow-up of the escalation processGet a good understanding of the exception in order to be able to discuss it internally (with managers and other department representatives) or externally directly with the Client, an auditor or a legal advisorProduce Depositary reports to the attention of the ManCo / Board and certify Funds' compliance to regulationOrganise / attend meeting and call with ManCo / BoardProjects to support DFSO managers and teams in the tailoring of the depositary control plan for Private Capital structuresBe familiar with Regulations such as AIFMD or UCITS V and keep oneself informed of Regulation evolution.Ensure close cooperation on transversal issues with different Bank departments in case of process or new product analysisGuarantee the daily execution of Business Implementation projects and ensure relations with stakeholdersEnsure the progress of the project
Intervene from time to time on the technical level in order to help the operational teams to resolve the difficulties they encounterManage all the risks related to the project, alert the decisionmaking bodies and propose action plans to limit / reduce risk impactsEnsure the quality of the deliverables and respect of the deadlinesShare their knowledge and contribute to innovation and continuous improvement within DFS department and the Depositary function.Benefits of this position?
By joining this team, you will have the opportunity to discover all the aspects of the Depositary Bank in relation to Private Capital funds.
ARE YOU OUR FUTURE SENIOR PRIVATE CAPITAL DEPOSITARY OFFICER ?
Professional experience and / or degree
At least 5 years in an AIFM, Management Company, Depositary, Administrator, or Audit firm (for Private Capital Funds)
Behavioural skills
Ability to collaborate / TeamworkAttention to Detail / RigourClient FocusedCreativity & Innovation / Problem SolvingProactivityTransversal skills
Excellent organization skills with the ability to efficiently manage time, rank priorities and respect deadlinesDemonstrate autonomy, with the ability to take initiatives in order to improve process flowsStrong interpersonal and communication skill with the ability to deal with intermediaries and colleagues at all levelsOral and writing presentation skillsTechnical skills
Expertise on Private Capital structure and Depositary dutiesExpertise on AIFMD and UCITS V Regulations, especially regarding depositary topicsInterest in regulation and market evolutionGood understanding of investment funds activity and actors responsibilitySound knowledge of the different asset classesComfortable with usual Office tools (Excel, word, access,...) and knowledge in Visual Basics considered as an assetLanguage skills
Fluent in French and English - German considered as an advantage
During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his / her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23 2016 concerning the criminal record.
In a changing world, diversity, equity and inclusion are key values for the well-being and performance of teams. At BNP Paribas, we want to welcome and retain all talents without distinction : this is how, together, we will build the innovative, responsible and sustainable finance of tomorrow.
