Depositary Oversight Officer - Fund Services (m/f/d)

• Depositary Oversight Officer - Fund Services (m/f/d)
• About the role

• Be involved in assessing the nature, scale and complexity of AIF/UCITS strategies and determine how to apply oversight procedures to each AIF/UCITS in the best adequate manner;
• Create, adapt, review due diligence questionnaires along with the related documentation and perform risk-based approach analysis to report an opinion of the adequacy of any contractual engagement;
• Prepare, perform on‐site inspections of AIF/UCITS administrators, sub‐custodians and/or any delegated entities; draft reports on due diligence visits made;
• Obtain and assess legal documentation to fulfil depositary's ownership verification and record keeping duties;
• Help ensure that the operational flows, policies & procedures/checklists are in compliance with AIFMD & UCITS Laws and CSSF regulatory frameworks;
• Ensure with the relevant areas that fund events and issues are monitored in an appropriate manner and reported timely to senior management and risk management as appropriate;
• Preparation of reports to senior management, to board of directors of fund/management companies, to various committees and to clients;
• Attend periodic client service meetings / funds board meetings;
• Support the client on the boarding process and the implementation of service level agreements;
• Provide departmental reporting to management; Ensure close cooperation on transversal issues with various internal (department heads, senior management…) and external stakeholders and counterparties (banks, prime brokers, lawyers, CSSF inspectors, investment firms, auditors, …);
• Participate and/or lead projects and initiatives to help contribute to the bank operational processes and controls enhancement;
• Perform periodic checks based on established depositary controls:
• Monitoring of cash flows with a focus on ‘significant' and ‘inconsistent' movements;
• Monitoring the adequacy of the safekeeping/recordkeeping of financial/non-financial assets;
• Monitoring the day-to-day administration of those assets and oversight of the assigned AIFs & UCITS funds activities (transactions, corporate events, dealing, NAV calculation, investment restrictions, AIF income distribution, exceptional reports, incidents…);
• Monitoring of the delegates.

About You

• Several years' experience in the banking and financial industry
• Knowledge of depositary duties and responsibilities;
• AIFMD & UCITS: knowledge of the European and local regulatory requirements along with the technical applications;
• Expertise of financial markets and instruments (cash & money market, equities & bonds) and other financial instruments (derivatives, collateral, OTC trades, futures, options and swaps, commodities, CDS, repo/securities lending…)
• Knowledge of private equity, real estate, FOHF and hedge funds business;
• Ability to deal with different systems;
• High level of risks and controls knowledge;
• High analytical skills dedicated to precision with the ability to identify and suggest process improvement opportunities;
• Strong personality; influencing and negotiating/communicating skills with the capability to interact with many stakeholders in all aspects of the business.