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:
Subject Matter Expert Fund Accounting (H/F)
Ranked as the second largest global fund center, Luxembourg is a preferred jurisdiction for institutional and private investors. The Luxembourg Fund Sector is very dynamic, innovative and well established thanks to its robust regulatory framework.
The Fund Administration has always been and will remain a key pillar of the Fund industry. It is fully integrated with multiple counterparties (inside and outside the bank): Transfer Agent, Depot bank, Custodian, Management Companies, Brokers, and Auditors…
Advantages of the position:
BNP Paribas Securities Services Luxembourg is positioned at the heart of the Luxembourg Fund Industry: Possibility to grow knowledge on all activities related: Custody, Fund Services (TA, FA, FDS. )
Working in the Fund Administration is a unique opportunity to learn on different domains and develop a career:
- Capital Market: Understanding financial Products such as Equity, Bond, Listed Derivative, OTC Derivatives in a large range/type of Funds (UCITS, Hedge funds, Alternatives and Raif funds,,).
- Funds Accounting: Developing various accounting aspects, being expert in management techniques (Pooling, Master-feeder…), using referenced FA systems (Multifond Calculo,), and applying innovative processes (performance fee, Hedging, Swing price..).
- Working in team: Managing multiple interactions with clients and their providers (International Operating Centers, brokers, Custodians,…) and auditors.
- Support transformation required for continuous improvement
The SME FA team is part of the Fund Administration based in Luxembourg. The purpose of this team is to review and analyses the different processes in place and to identify the area of improvements. Team will also bring support and expertise in the daily production and bring help for the implementation of trainings.
The SME Fund Accounting mission consists in providing support and expertise to the different production and client facing teams of the Fund Accounting for the range of activity performed.
The job consists in instructing the following operations based on relevant agreements:
- Process and Platform improvements
Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvements & work towards its automation.
Contribute to testing plans design and support execution
Analyse and investigate the encountered blocking points. Raised the relevant CR/BRD/PID in coordination with BCM team and IT Engineering.
Work closely with relevant stakeholders to ensure effective and efficient implementation of the projects (Global Operations, IT Engineering, BCM, BI,…);
Present oral and written reports defining plans, problems and resolutions to appropriate levels of management.
Work closely with BI team and FA Stakeholders to ensure effective and efficient preparation of the events.
Bring support to the operations teams from Fund Accounting perspective.
Follow-up of the events and if necessary, perform an analysis after the fact to determine what could be improved in the procedure.
Bring support to the Client Account Management team if necessary, during client calls or service review.
Act as operational expert to support BAU production
In case of crisis, reinforce the different operations teams if necessary.
Identify the training needs within the Fund Accounting scope (new process, complex products…)
Work closely with the Trainings departments to determine an efficient training plan.
Help to create supports for skill sharing sessions (training);
Work closely with Onshore NAV production and PBM teams to make sure that the process are correctly aligned between the different teams;
Identify and raise the eventual divergence.
Share on a regular basis the impacts / deviations with the Target Operating Model FA to the Global FA Team
Perform a second level review on the technical part of the incidents.
Help to identify the preventive measures.
Attend the different meeting delegated by the Head of SME Fund Accounting.
In his absence, bring support to the different Group Manager from the Fund Accounting.
The position reports to the Head of SME Fund Accounting
Bachelor degree in Accounting, Economics or Finance
Academic Background: Business school, university (BAC+5)
A strong willingness to learn and excel, bundle with energy is necessary
Previous experience in the fund industry is an asset.
Strong Attention to detail
Adaptability and Team spirit
Transversal Skills :
Good Communication oral & written
Good use of MS Toll such as MS Excel
Experience of Multifond is an asset
Good written and oral French and English skills are essential
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.