Senior Private Capital Depositary Officer (M / F)
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
Mission
Within a dedicated Private Capital team in Depositary and Fiduciary Services Operation to :
- Perform depositary controls
- Support the team in charge of 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 communication
- Follow-up escalation process
- Ensure Funds’ compliance to regulation
- Contribute to the implementation of business processes by providing support and / or advice to manage fund events and deploy DFS operating model.
- Conduct to improve Private Capital-related Depositary Controls (Cash Flow Monitoring and Oversight Duties including Investment Compliance)
Key Responsibilities & expected result area
Contribution to the different depositary controls teams in the execution of theirs tasks and controls with regards to Private Capital fundsOnce familiar with all DFS processes, as Client dedicated point of contact for Depositary and especially Private Capital-oriented Depositary subjectsEnsure 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 DFS 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 projectIntervene 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 decision-making 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.Advantages of the position :
By joining this team, you will the opportunity to discover all the aspects of the Depositary Bank in relation to Private Capital funds.
Working environment :
You will be a part of a strong Group certified Top Employer for the 5th time. You will join a young, dynamic and diversified team.
Technical 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 assetBehavioural 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 skillsLanguage Skills :
Fluent in French and English – German considered as an advantageDuring 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.
