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:
Debt & Loan Solutions Officer
(M/F)
CDI
Your mission
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Understand our clients’ needs and assist Fund Managers and Agents in the context of the asset data maintenance
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Onboard with the collaboration of Private Capital Business Implementation team(“BI”), new transactions :
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Portfolio / Asset assessment (the operational risks associated with new transactions based on the documentation)
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IT Testing end to end with new business requirements
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Full setup of the loan administration tool
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SLA writting
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Perform a daily production work with the collaboration of internal and external teams (Asset Manager, Loan/ Facility agent, Fund Administrator, Custodian, Cash team, Depositary etc…)
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Establish operational procedures & Checklist and provide recommendations if need be.
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Ensure a seamless work process with Operational Center (Hub).
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Perform asset documentation reviews
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Contribute to the implementation of new IT Projects (business needs / UAT)
With further details :
Ensure the new operation implementation:
- Review documentation and assess operation structure to understand the purpose of the deal and its related point of attentions
- Liaise with operation teams such as BI for the Account Bank/Custody Account opening and set up
- Produce an operational memo on transaction characteristic and duties
- Structure setup in Sentry according to the documentation’s requirement
- Review asset documentation to capture relevant data into Sentry system (Loan Administration tool)
- Review all fee structure for each investment
- Provide and assist Operational Hub for Data input & static data in Sentry
- Set up in Sentry the relevant report (including via Crystal report) to be sent to third parties such as Fund administrator or Asset Managers
Manage and follow up on existing transaction
- Perform cash & portfolio reconciliation
- Monitor asset restructuration in the portfolio and its impact (on cost, accrual, new entries etc…)
- Perform maintenance on assets : cash interest, PIK, fee (commitment, arrangement, participation)
- Update Sentry and manage notices
- Produce report ( Crystal, Month-end, KRI ,etc…)
- Ensure that the cut off time (operational & contractual) are respected
- Follow up and solve anomalies (Internal & external)
- Follow up payment /receivables
- Update operational Memo and fulfil deals checklist
Participate in procedure implementation
- Create procedure to (i) comply with business requirement, (ii) in the scope of streamlining existing process and (iii) describe new activity
Advantages of the position
By joining this evolving team, you will be given a broad scope of responsabilities that directly impact the operations of BPSS’ Private Capital clients. You will also be fully involved in the development of the new services BPSS is developing and implementing.
Working environment
You will be joining a young, diverse, and international team of professionals dedicated to constantly innovating the services provided to Private Capital Clients
Your profile
Master’s degree with 4 – 5 years of experience in an AIFM, Management Company, Administrator, or Audit firm (Solely for Private Capital Funds)
Behavioural Skills:
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to deliver / Results driven
Client focused
Creativity & Innovation / Problem solving
Proactivity
Transversal Skills :
Ability to understand, explain and support change
Analytical Ability
Ability to manage a project
Ability to develop and adapt a process
Technical Skills :
Advanced Excel knowledge (ie : Vlookup, Pivot table and other formulas)
Not mandatory :
Clearstructrure Sentry System or FIA
Language Skills:
French / English / + third European language is appreciated
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.
