Senior Private Capital Depositary Officer (M/F) Expired

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 funds
• Once familiar with all DFS 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 date
• Guarantee Client Satisfaction by being the trusted and dedicated point of contact for Depositary subjects.  Reply to client queries
• Ensure receipt of daily/monthly reports of exceptions resulting from Depositary controls and the follow-up of the escalation process
• Get 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 advisor
• Produce Depositary reports to the attention of the ManCo/Board and certify Funds’ compliance to regulation
• Organise/attend meeting and call with ManCo/Board
• Projects to support DFS managers and teams in the tailoring of the depositary control plan for Private Capital structures
• Be 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 analysis
• Guarantee the daily execution of Business Implementation projects and ensure relations with stakeholders
• Ensure 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 encounter
• Manage all the risks related to the project, alert the decision-making bodies and propose action plans to limit/reduce risk impacts
• Ensure the quality of the deliverables and respect of the deadlines 
• Share 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 duties
• Expertise on AIFMD and UCITS V Regulations, especially regarding depositary topics
• Interest in regulation and market evolution
• Good understanding of investment funds activity and actors responsibility
• Sound knowledge of the different asset classes
• Comfortable with usual Office tools (Excel, word, access,…) and knowledge in Visual Basics considered as an asset

Behavioural Skills:

• Excellent organization skills with the ability to efficiently manage time, rank priorities and respect deadlines
• Demonstrate autonomy, with the ability to take initiatives in order to improve process flows
• Strong interpersonal and communication skill with the ability to deal with intermediaries and colleagues at all levels
• Oral and writing presentation skills

Language 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.