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 :
o Maintain Fund Profiles up to date
o Manage client communication
o Follow-up escalation process
o 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
o Ensure strong understanding of the Clients and their specificities by maintaining Funds Profile up to date
o Guarantee Client Satisfaction by being the trusted and dedicated point of contact for Depositary subjects. Reply to client queries
o Ensure receipt of daily/monthly reports of exceptions resulting from Depositary controls and the follow-up of the escalation process
o 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
o Produce Depositary reports to the attention of the ManCo/Board and certify Funds’ compliance to regulation
o 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
o Ensure the progress of the project
o Intervene from time to time on the technical level in order to help the operational teams to resolve the difficulties they encounter
o Manage all the risks related to the project, alert the decision-making bodies and propose action plans to limit/reduce risk impacts
o 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.