About this role
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.