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 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 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 Luxembourg
- Contribution to the different depositary controls teams in the execution of their tasks and controls with regards to Private Capital funds
- Once 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 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 DFSO 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 decisionmaking 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.
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 / Teamwork
- Attention to Detail/Rigour
- Client Focused
- Creativity & Innovation/Problem Solving
- Proactivity
Transversal 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
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
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.
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.
