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.
To support its current growth, BNP
Paribas Succursale de Luxembourg, is looking for a:
Business Implementation Global Custody Project Manager (H/F)
CONTEXT AND CHALLENGES
Within BNP Paribas Luxembourg, Securities Services department, the Client Implementation Project Manager is in charge of ensuring a smooth execution of fund events with all internal and external stakeholders
WHAT’S YOUR DAY-TO-DAY MISSION?
The type of events under the responsibility of Business Implementation team are as follows but not limited to:
- Creation of new (sub-) funds
- Fund migrations In or Out
- Fund mergers
- Prospectus changes
- Liquidations
- Involved structures can be under various laws (UCITS, UCI part II, SIF, RAIF, ELTIF) and involve both traditional and alternative/hybrid structures
Your main Mission & responsibilities:
- To be responsible for the Global Custody (GC) implementation of client onboarding projects allocated to you, these may include new client launches, new client migration in, fund merger, fund liquidation, insurance policy activity and other events linked to changes in the client prospectus.
- Organize or participate in regular project conference calls/meetings with clients and external/internal stakeholders to the project.
- Carry out a detailed gap analysis of client requirements to design the operating model in line with BNPP GC target operating model, explore solutions with business change management team for any deviation to the operating model.
- Understand the client’s requirements in terms of FX, manage the implementation of liquid and restricted currency set ups and negotiate the required underlying operational documentation.
- Manage the negotiation and signature of the GC Operating Memorandum and other operational documentation with clients (FX, Corporate actions etc).
- Develop a close working and structured relationship with the GC Luxembourg teams to ensure operational set ups and flows are in place and correct, for a seamless transition to ‘business as usual’ mode, ensuring mitigation of any underlying risk.
- Lead and coordinate the migration of assets (listed securities and cash) relating to the client event where applicable (in the case of a migration in/out) including the drafting of operational documentation on roles and responsibilities between stakeholders relating to the migration.
- Work closely with other members of the ‘project team’ (Fund Administration, Transfer Agency, Funds Dealing Services, Depository & Fiduciary Services, Market & Financing Services), ensuring transversal subjects, set ups and dependencies are addressed.
- Ensure the ‘client event pipeline’ is regularly updated with quality information regarding upcoming implementation projects with regular monitoring of the events in your project portfolio pipeline anticipating any potential capacity issues you may have in managing your projects.
- Organize and coordinate connectivity flows (SWIFT, proprietary Neolink platform) with the Client and/or delegates, including testing to ensure day one readiness for transaction flows.
- Actively participate in the continuous improvement of the on-boarding process by proposing concrete and pragmatic solutions and leading, as necessary, Post Implementation Reviews.
MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!
Your working environment
- The position, in a team of 6 currently, is located in Luxembourg.
- Work from home and from satellite offices compatible.
- This team is part of Business Implementation department (45+ people) gathering end to end project Managers and Operational business project managers.
- The role is a client facing role, acting as custody SME on projects.
- You are the link between Clients and Custody operational teams. As such, you will interact with a variety of external and internal counterparties.
Benefits of this position?
- Deepen your technical skills within the GC environment and transversal dependencies with other business lines which can be used later in your career
- Further develop your team player skills and networking within the bank
- Sharpen your client facing and client focus skills, build client contact relationships
- Attain a sense of achievement by completing the portfolio of projects allocated to you
ARE YOU OUR FUTURE (JOB TITLE)?
Professional experience and/or degree
In-depth technical and transversal Global Custody Business Knowledge (5 years minimum experience) in Operations department or business implementation team (non IT role)
Behavioural skills
- Ability to collaborate / Teamwork
- Decision Making
- Personal Impact/Ability to Influence
- Attention to Detail/Rigour
- Organisational Skills
- Adaptability
- Ability to deliver / Results driven
- Active Listening
- Excellent communication Skills - Oral & Written as client facing.
- Client Focused
- Ability to share/pass on knowledge
- Critical Thinking
- Creativity & Innovation/Problem Solving
- Resilience to stress, inherent in project management
- Proactivity
Transversal skills
- Ability to understand, explain and manage change
- Analytical skills
- Ability to manage a project
- Ability to develop and adapt a process
- Ability to anticipate business/strategic evolution
- Ability to inspire others & generate people's commitment
- Ability to develop others & improve their skills
- Ability to develop and leverage networks
- Ability to set up relevant performance indicators
- Ability to manage/facilitate a meeting, seminar, committee, training…
- Ability to conduct a negotiation
- Ability to understand, explain and integrate sustainable development issues into day-to-day work
- Ability to embody Diversity, Equity and Inclusion within the Group
- Ability to adopt & promote an Agile Mindset
- Ability to work with Agile methods
Technical skills
- Knowledge of global custody operations, including trade settlement, cash management, corporate actions and fiscal documentation
- Strong grasp of market infrastructure (CSDs, ICSDs, sub custodian networks) and of securities markets across multiple jurisdictions
- Familiarity with SWIFT messaging standards
- Understanding regulatory requirements impacting custody (CSDR, AIFMD, UCITS etc)
- Experience with global custody platforms and systems
- Experience with project management methodologies (Agile, Prince2, PMP)
Language skills
Fluent English is mandatory as well as a very good command of French.
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.
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.
