Senior Private Capital Depositary Officer (M/F)

May 23, 2024

Senior Private Capital Depositary Officer (M/F)


  • Standard / Permanent
  • Luxembourg
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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 :

Senior Private Capital Depositary Officer (M/F) 
Permanent Contract 

Within a dedicated Private Capital team in Depositary and Fiduciary Services Operation to :

  • Perform depositary controls
  • Support the team in charge of the Safekeeping Follow-up and Asset Inventory production in their relationship and follow-up of exceptions with the different Safekeepers
  • Gain expertise on our processes to become the Client dedicated point of contact for Depositary and especially Private Capital-oriented Depositary subjects : 

o Maintain Fund Profiles up to date 
o Manage client communication 
o Follow-up escalation process 
o Ensure Funds’ compliance to regulation

  • Contribute to the implementation of business processes by providing support and/or advice to manage fund events and deploy DFS operating model.
  • Conduct to improve Private Capital-related Depositary Controls (Cash Flow Monitoring and 
    Oversight Duties including Investment Compliance) 

Key Responsibilities & expected result area

  • Contribution to the different depositary controls teams in the execution of theirs tasks and controls with regards to Private Capital funds
  • Once familiar with all DFS processes, as Client dedicated point of contact for Depositary and especially Private Capital-oriented Depositary subjects 
    o Ensure strong understanding of the Clients and their specificities by maintaining Funds Profile up to date 
    o Guarantee Client Satisfaction by being the trusted and dedicated point of contact for Depositary subjects. Reply to client queries 
    o Ensure receipt of daily/monthly reports of exceptions resulting from Depositary controls and the follow-up of the escalation process 
    o Get a good understanding of the exception in order to be able to discuss it internally 
    (with managers and other department representatives) or externally directly with the Client, an auditor or a legal advisor 
    o Produce Depositary reports to the attention of the ManCo/Board and certify Funds’ compliance to regulation 
    o Organise/attend meeting and call with ManCo/Board
  • Projects to support DFS managers and teams in the tailoring of the depositary control plan for Private Capital structures
  • Be familiar with Regulations such as AIFMD or UCITS V and keep oneself informed of Regulation evolution.
  • Ensure close cooperation on transversal issues with different Bank departments in case of process or new product analysis
  • Guarantee the daily execution of Business Implementation projects and ensure relations with stakeholders 
    o Ensure the progress of the project 
    o Intervene from time to time on the technical level in order to help the operational teams 
    to resolve the difficulties they encounter 
    o Manage all the risks related to the project, alert the decision-making bodies and 
    propose action plans to limit/reduce risk impacts 
    o Ensure the quality of the deliverables and respect of the deadlines
  • Share their knowledge and contribute to innovation and continuous improvement within DFS department and the Depositary function.

Advantages of the position: 
By joining this team, you will the opportunity to discover all the aspects of the Depositary Bank in relation to Private Capital funds. 

Working environment : 
You will be a part of a strong Group certified Top Employer for the 5th time. You will join a young, dynamic and diversified team. 

Technical Skills :

  • Expertise on Private Capital structure and Depositary duties
  • Expertise on AIFMD and UCITS V Regulations, especially regarding depositary topics
  • Interest in regulation and market evolution
  • Good understanding of investment funds activity and actors responsibility
  • Sound knowledge of the different asset classes
  • Comfortable with usual Office tools (Excel, word, access,…) and knowledge in Visual Basics considered as an asset

Behavioural Skills: 
– Excellent organization skills with the ability to efficiently manage time, rank priorities and respect deadlines

– Demonstrate autonomy, with the ability to take initiatives in order to improve process flows 
– Strong interpersonal and communication skill with the ability to deal with intermediaries and colleagues at all levels 
– Oral and writing presentation skills

Language Skills:
Fluent in French and English – German 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.