(JUNIOR) DEPOSITARY DUE DILIGENCE ANALYST (M/F)

8 février 2024

(JUNIOR) DEPOSITARY DUE DILIGENCE ANALYST (M/F)

RéférenceDFS 2023-11

  • CDI
  • Luxembourg
  • CONFORMITE
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BNP Paribas, Luxembourg Branch, is one of Europe’s leading Depositary Bank.

The Luxembourg branch plays a major part in its operations, offering clients high added-value services extending from funds monitoring, assets and investors protection, servicing a wide variety of funds’ types and investment strategies.

To support the growth of its department in charge of the Oversight Duties, namely: Depositary & Fiduciary Services Operations ,– (DFSO), BNP Paribas, Luxembourg Branch is looking for a:

(Junior) Depositary Due Diligence Analyst (M/F)

CDI

Mission

·        Conduct initial, periodic and thematic due diligences on the Investment Fund Managers (IFM) and their delegates.

·        Understand the organisation, the processes and key risk areas of the auditee(s).

·        Identify any weaknesses at the level of the auditee(s) that may be detrimental to the investors of the funds and / or may affect our Depositary duties.

·        Interact with auditees, ensure an active listening, and maintain an effective communication to build a good relationship and prevent misunderstanding.

·        Manage incoming due diligence undertaken by clients on the depositary.

·        Conduct projects within DFSO to drive continuous improvement of the Due Diligence process.

·        Work on transversal tasks and get involved in other activities / teams within the department.

Key Responsibilities and Expected Result Area

·        Ensure the review of the scope of the due diligences to be performed on the IFM and their delegates, locally or cross-border.

·        Lead depositary due diligences and manage incoming due diligences from clients.

·        Manage end-to-end on-site visits.

·        Analyse reported issues, errors and breaches over the period under review and incorporate these outcomes into the scope of the due diligence.

·        Ensure a close cooperation on transversal issues with different bank departments, to identify any field of risk(s).

·        Be familiar with Regulations related to AIFMD and UCITS Depositary Regime and keep oneself informed of Regulation evolution.

·        Monitor regulatory changes and adapt due diligence documents accordingly.

Required Skills

·        Knowledge of UCITS/AIFMD regulatory requirements.

·        Interest in Regulation and market practices evolutions.

·        Experience in Private Capital funds and/or oversight of the delegated functions (i.e., Fund Accounting & Transfer Agent) are considered as (an) advantage(e)s.

·        Ability to analyse, synthetize, share and communicate the information gathered.

·        Highly motivated, energetic and self-starter, who takes ownership of issues and drives them to resolution.

·        Strong interpersonal client facing skills.

·        Strong team player.

·        Fluent in French and English. German is considered as an advantage.

Advantages of the position:

Flexibility in terms of home office or satellite office. As a leading bank the candidate will receive an interesting benefits package (development program, international mobility,…) and gain exposure to a wide variety of IFMs and Delegates. This transversal role will also allow to have interaction with different actors of the Fund within or outside the Bank.

Working environment:

You will join within DFSO department, the Due Diligence Analysts team where you will perform due diligences on IFMs and their Delegates. Transversality within the other teams of the department will also be required.

Education:

Bachelor / Master Degree.

Professional Experience:

Sound knowledge of the Fund industry acquired through an experience of 2-5 years either in a known External Audit firm (Big 4) or a Depositary Bank or an Oversight function in the investment fund industry.

Experience of working in a customer-facing role.

Required Skills:

Ability to analyse, synthetize, share and communicate the information gathered.

Highly motivated, energetic and self-starter, who takes ownership of issues and drives them to resolution.

Ability to set up relevant performance indicators.

Ability to understand, explain and support change.

Strong interpersonal client facing skills.

Strong team player.

Language Skills:

Fluent in French and English. German 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.