Life Insurance Custody Officer
Published on 17/02/2025
AXIS Group
- Luxembourg-Ville
- Insurance
- Between 3.5k and 4.5k € / month
Working time
Type of contract
Spoken languages
Professional experience
Remote working
Join a dynamic team as a Life Insurance Custody Officer in an international setting! In this pivotal role, you'll manage the full account setup process, ensuring compliance and operational excellence. You'll collaborate with various stakeholders, oversee documentation, and enhance processes to improve efficiency. If you possess a degree in Economics, Finance, or Business Management, or have relevant experience in dedicated insurance funds, we want to hear from you! Strong organizational skills and fluency in English and French are essential. Take the next step in your career - apply now for this exciting opportunity!
Description
- Continuously follow up on the required documentation for LI accounts to ensure all contracts and agreements are in order.
- Oversee the entire process of opening LI accounts, including both master and sub-accounts.
- Serve as the primary internal and external contact for all documentation matters related to account setup.
- Implement and monitor controls at each stage of the account opening process, ensuring compliance with regulatory standards and management of custody fees.
- Handle operational activities such as managing withdrawals, additional payments, applicable fees, and VAT.
- Coordinate processes related to any changes in the circumstances of LI companies, ensuring seamless operational adjustments.
- Maintain the integrity and quality of data associated with operational activities, proactively identifying and resolving discrepancies.
- Ensure efficient follow-up on requests from LI companies regarding custodian relationships, including aspects like reporting, statements, web access, tax requirements, SWIFT connections, valuations, and asset classifications per CAA circulars.
- Ensure adherence to relevant guidelines and procedures dictated by the Group and LOESA, consistently monitoring risks associated with LI custodian tasks.
- Enhance existing procedures and processes associated with custodian operations to improve efficiency and risk management.
- Stay informed on regulatory developments such as PRIIPs, EMIR, etc., and make necessary updates to the LI procedures to remain compliant with evolving regulations.
Profile
- University degree in Insurance, Finance, Business Management, or a related field.
- Alternatively, relevant work experience in dedicated insurance funds
- Strong team player who values supporting colleagues and working collaboratively.
- You are proactive, organised and rigorous.
- Fluent in English and French.
Offer
Our client is offering you a fixed-term contract in an international environment.
