BNP Paribas Asset Management is the asset management company of the BNP Paribas group. With assets under management totalling over EUR 500 billion and a staff of more than 4,000 present in over 40 countries, BNP Paribas Asset Management offers a comprehensive range of financial management services to institutional clients and distributors around the globe.
To support its current growth, BNP Paribas Asset Management (BNPP AM) is looking for a:
Senior Fund Structuring Advisor M/F
permanent contract
CONTEXT AND CHALLENGES
BNP Paribas Asset Management (BNPP AM) is part of BNP Paribas Group and is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. BNPP AM offers funds and mandates towards its clients. These funds & mandates are managed by Portfolio Managers, who are based in different locations across the globe.
You will join Products & Strategic Marketing (PSM), headed by a member of the BNPP AM Executive Board who reports to the BNPP AM CEO. The global line is organized into three main teams (125+ FTEs worldwide) that oversee the global product range (from ideation to implementation), digital solutions, and key projects for BNPP AM.
Within PSM global Iine, you will join more specifically the Global Product Engineering (GPE) pole responsible for project ownership for any event impacting funds (creation, activation, modification, merger, liquidation & closure), whether dedicated or open-ended funds. GPE is gathering and overseeing all key fund engineering expertise (structuring, regulatory, product development & setup for all products).
Within GPE, the Senior Advisor – Fund Structuring is a lawyer by training, expert in investment funds, providing product advice and support to best support the Group’ strategy and the product development.
As an Advisor, you are a business partner, providing agile and responsive support and expertise about investment funds and advising the business to provide BNPP AM & third parties with competitive and optimal regulatory and administrative investment funds documentation, in compliance with local regulations, in a manner that adheres to the highest standards of excellence and integrity.
WHAT’S YOUR DAY-TO-DAY MISSION?
Relations with local Regulatory Authorities:
- To initiate and to ensure a close & reliable relationship with the local Regulatory Authorities in Luxembourg regarding the set-up of new investment funds or the follow up of existing ones.
- To ensure timely submission of all documents for approval, to explain/defend the BNPP AM point of view regarding the application of regulations within the product documentation.
- To act as an expert in this matters in order to position BNPP AM as a reference partner and to direct the local Regulatory Authorities' and market place associations positions towards BNPP AM’s advantage.
Product expertise support:
- To answer requests and questions about products’compliance with regulation
- To follow-up and to anticipate the potential evolution of regulation and to estimate the consequences for products
- To implement regulatory evolution
- To contact the Legal function and/or specialised lawyer’s offices (in coordination with the Legal Function) or auditors as the case may be.
Product creation:
- To analyse specifications of new products, to ensure their compliance with regulation, to give advices in this respect, to draft investment funds' Articles of Association and prospectus, to submit requested documents to local Regulatory Authorities for approval, to perform all regulatory and administrative tasks in order to set up new products that are compliant with the regulatory constraints.
- To complete, if relevant, any template of agreement linked to the set up of a product.
Product governance:
- To ensure compliance and regulatory integrity of the funds (stringent requirements of the regulatory authorities and Local Administrations)
- Corporate housekeeping (organization of board and general assembly meetings, drafting of minutes and resolutions, certification of documents, maintaining the list of authorised signatories and other corporate documents, trade registry filings)
- Communication towards regulators (regular briefings, meetings ...)
- To review periodic reports
- Advisory role for the Directors.
Product maintenance:
- To take charge of all consequences of decisions taken by the Board of Directors, the General Meeting of shareholders, on the regulatory and administrative levels (products mergers, liquidations)
- To update all fund documentation
- To take charge of the administration of products in order to guarantee that all documents constantly reflect a coherent and compliant image of the products.
MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!
Your working environment
Complete the following sections
- Job location: Luxembourg Kirchberg
- Team of 8 people (5 lawyers and 3 officers), working closely with the registration and operational engineering teams
- Full integration of the team in the Products & Strategic Marketing, and more specifically in the Global Product Engineering team. Full integration in the Management Company, BNPP AM Luxembourg
- Position eligible for teleworking and remote site
Benefits of this position?
Your engagement to unlock your potential and deliver high performance will be the driving force that will enable you to benefit from all that BNPP AM has to offer. As a Company, we recognise the value of Emotional Intelligence in the workplace as it enables effective collaboration, motivation, wellbeing, job satisfaction and sustainable performance at work. Culturally, we are more human than corporate so whilst high performance and strong expertise is a given, we value trust, empathy and empowerment.
In return, we can offer you things that money cannot buy:
- Dynamic career opportunities across the globe
- Volunteering initiatives to support our local communities and connect with our colleagues
- The opportunity to contribute to our award-winning Sustainability efforts and join our community of Future Makers
- Access to a robust wellbeing programme including mental health support and resources
- An award-winning online learning and development platform
- Hybrid working
- A diverse and inclusive working environment where you can be your authentic self
ARE YOU OUR FUTURE Senior Advisor – Fund Structuring?
Professional experience and/or degree
- Master in Law, specialisation is a plus
- Knowledge of Asset Management fund legal issues
- At least 5 years of professional experience required
Behavioural skills
- Ability to collaborate / Teamwork
- Attention to Detail/Rigour
- Organisational Skills
- Alibity to deliver / Results driven
- Ability to share/pass on knowledge
- Critical Thinking
- Ability to Synthetise/Simplify
Transversal skills
- Ability to embody Diversity, Equity and Inclusion within the Group
- Ability to work with Agile methods
Technical skills
- Financial markets and products law
- Risk anticipation
Language skills
Very fluent (spoken and written) in English and French
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.
