CDI - Alternative Investment Funds – Depositary portfolio safekeeping (M/F)

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:

Alternative Investment Funds – Depositary portfolio safekeeping (M/F)

CONTEXT AND CHALLENGES

The candidate will be joining the Private Capital Assets Safekeeping Team and will be in charge of the Record Keeping and Ownership Verification of Alternative investment Funds portfolio.

WHAT’S YOUR DAY-TO-DAY MISSION?

Within a dedicated team of the Private Capital department, acting as Safekeeper of Other assets and being fully integrated into the Net Asset Value calculation process, you will be in charge of :

• Maintening the investment portfolio of Other assets on a look-through basis (Recordkeeping) by:
  1. Gathering and analysing the supporting documentation received for each portfolio transaction
  2. Performing the look-through analysis for each new investment, based on supporting documentation received (investment policy, financing information… )
  3. Reconciling cash movements with portfolio transactions
  4. Recording the portfolio transaction into the eFront software
  5. Ensuring a strong understanding of the impact of the portfolio transaction recorded in eFront on the entity’s Net Asset Value, which is also caculated in eFront
  6. Producing periodical portfolio reports to be shared with clients and Fund Administration teams
• Reconciliation of the Other assets positions held in the portfolio with external documentation on a look-through basis at least once a year (Ownership Verification) and production of the Asset Inventory for the Annual Statutory Audits of the entity 
• Providing quality assurance and maintaining constant communication with the client for documentation collection, cash flow management, and portfolio sharing
• Providing support to the Fund Administration teams to anticipate the impact on their respective duties
• Answering auditors’ queries
• Assisting in the development of internal tools and automations

MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!

Your 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 

Benefits of this position?

By joining this evolving team, you will be given a broad scope of responsibilities that directly impact the operations of BNP Paribas Private Capital clients. You will also be fully involved in the development of the new services BNP Paribas is developing and implementing.

Professional experience and/or degree

Education:

Master’s Degree (>=5 years)

Professional Experience:

At least 3 years in an AIFM, Management Company, Depositary, Administrator, or Audit firm (Solely for Private Capital Funds)

Behavioural skills 

Be explicit about expected competencies and list them as bullet points, to choose from the list below:

• Ability to collaborate / Teamwork
• Decision Making
• Attention to Detail/Rigour
• Organisational Skills
• Alibity to deliver / Results driven
• Proactivity

Transversal skills

Be explicit about expected competencies and list them as bullet points, to choose from the list below:

• Ability to understand, explain and manage change
• Ability to manage a project
• Ability to develop and adapt a process

Technical skills

Excellent understanding of Alternative investment Funds in Luxembourg

Expertise in Depositary and strong knowledge of Accounting for Alternative investment funds 

Language skills

Fluent in English – Any other language is 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.