Senior Private Capital Depositary Officer (m/f)


Within a newly-created 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 :
    • Maintain Fund Profiles up to date
    • Manage client communication
    • Follow-up escalation process
    • 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 operatingmodel.
  • 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
    • Ensure strong understanding of the Clients and their specificities by maintaining Funds Profile up to date
    • Guarantee Client Satisfaction by being the trusted and dedicated point of contact for Depositary subjects.  Reply to client queries
    • Ensure receipt of daily/monthly reports of exceptions resulting from Depositary controls and the follow-up of the escalation process
    • 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
    • Produce Depositary reports to the attention of the ManCo/Board and certify Funds’ compliance to regulation
    • 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
    • Ensure the progress of the project
    • Intervene from time to time on the technical level in order to help the operational teams to resolve the difficulties they encounter
    • Manage all the risks related to the project, alert the decision-making bodies and propose action plans to limit/reduce risk impacts
    • 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
Job Category: Custody/Depositary
Job Type: Permanent
Job Location: Luxembourg

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