Oversight Officer (M/F) - Permanent Contract

BNP Paribas Securities Services, a subsidiary of the BNP Paribas group, 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 Securities Services is looking for : 

Oversight Officer (M/F)

Permanent Contract

Mission:

There is an increased regulatory focus within Luxembourg on the oversight of delegated regulated activities. This is not limited to delegations to third parties but also requires to ensure a tight control framework in place for the governance and oversight of intra-group outsourcing arrangements.

Key Responsibilities & Expected result area:

• Develop and maintain oversight and control frameworks over all operational aspects of the Funds,
• Review the oversight and control frameworks, understand the process and analyse outputs to ensure adherence to policy and procedure,
• Review consolidation: monthly/quarterly NAV review as part of the oversight of regulated fund structures (all asset classes as relevant),
• Review financial accounts according to the Luxemburg accounting rules and/or IFRS,
• Keep track of and follow-up on incidents linked to Central Administration,
• Assess the remediation measures suggested by the Central Administrator,
• Review ISAE/SOC reports and other relevant documentation provided by external parties,
• Monitor KPI/SLAs, reporting on incident review,
• Ensure regulatory compliance across operational areas including FA (Fund Accounting) and TA (Transfer Agency),
• Support the manager of oversight team in ensuring that all activities conducted are closely coordinated with all relevant stakeholders,
• Support client account manager during client meetings where appropriate,
• Participate in due diligence reviews of service providers,
• Assist establish and maintain processes, procedures and workflows.

Your Profile:

Education:

University Degree in Accounting, Finance or Economics and relevant professional experience within the Funds industry in Luxembourg ( knowledge of regulatory environment in private equity & real estate)

Professional Experience:

3 to 5 years of relevant experience in the fields of internal control, external audit of consolidations or  in consolidation (IFRS and LuxGaap)

Behavioural Skills:

Communication skills - oral & written

Organizational skills

Attention to detail / rigor

Adaptability

Ability to collaborate / Teamwork

Proactivity

Transversal Skills :

Analytical Ability

Ability to respect tight deadlines:

Escalation:

1. to ask for assistance when needed

2.  to refer issues to the appropriate person(s)

   Ability to learn by adjusting practices following newly acquired knowledge

Technical Skills :

Strong understanding of fund accounting, financial reporting and PE/RE operations required

Language Skills:

English mandatory, French or German considered as an asset

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.