Head of Depositary Oversight
il y a 1 semaine
Your team
The
Pictet Group is one of the world's leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented at 30 offices in financial centres worldwide, and currently employs over 5200 people. Pictet has been present since 1989 in Luxembourg, where it employs over 700 people.
With a view to developing its asset servicing business, the Pictet Group is seeking to recruit a
Head of Depositary Oversight assigned to the
Depositary function of Bank Pictet & Cie (Europe) AG, Luxembourg Branch, and reporting to the Head of UCI Depositary Duties.
In this key role, you will lead the team responsible for performing the depositary oversight and cash flow monitoring duties required in accordance with the regulations applicable to depositaries in Luxembourg and industry best practices.
Together with the team, you will work with clients, UCI auditors, UCI investment fund managers (IFM") and other UCI service providers as well as the business to ensure timely delivery of day-to-day responsibilities.
While managing the team, you will contribute to some of the core day-to-day oversight tasks, such as performing new business acceptance reviews, delivering various reports, escalating issues or performing or answering due diligences.
Your role
On-boarding and client service:
- Taking part in depositary feasibility/risk/compliance assessments of new business projects.
- Liaising with UCI management bodies with regard to the diligence and oversight controls performed, escalating unresolved issues internally and externally in accordance with escalation procedures agreed with clients.
- Making formal presentations of depositary reports to client boards and attending client relationship meetings if necessary.
- Working with external stakeholders and internal stakeholders providing services to ensure a consistent client experience.
Oversight tasks and control team assignments:
- Carrying out the monitoring and control measures set out in the Depositary Oversight control / task schedule with regard to depositary oversight and cash flow monitoring duties.
- Performing the regulatory due diligence required on specific UCI service providers (UCI Administrator, external valuer, IFM), including managing the diligence planning.
- Establishing and providing the UCI financial yearend asset confirmations to the UCI auditors and coordinating the banking aspects of the UCI statutory audit.
Risk management & Internal Control System:
- Ensuring a sound/effective control framework is in place for all oversight tasks, controls and diligence processes, implementing improvements, and making sure that the internal control framework is consistently delivered.
- Cooperating as part of reviews and audits performed by internal control functions, external auditors or supervisory authorities and implementing the recommendations issued within the time frame given.
- Keeping up to date with related business, technical and regulatory developments, in particular identifying and implementing industry best practices for depositary oversight duties.
Operational development:
- Continuously assessing and developing the depositary oversight operating framework, including the adequacy of staff resources, the use of systems, business processes and relationships with third parties, as well as analysing and implementing operational improvements.
Your profile
Job requirements and education:
- A relevant professional qualification in accounting, economics, finance, law, administration or management.
- At least five years' experience, ideally in a similar position with a Depositary, or in an equivalent management position with an entity responsible for delivering regulated professional services to UCIs in the EU (Investment Fund Manager, UCI administrator, audit company).
Skills and competences:
- Strong understanding of Luxembourg depositary/UCI regulations and related best practices; demonstrable knowledge of recent industryrelated developments.
- Excellent interpersonal and communication skills, ability to communicate effectively and professionally with peers and external stakeholders, including clients and regulators.
- Ability to manage senior depositary officers / oversight specialists and to promote a strong team spirit.
- Ability to work autonomously, taking full ownership of assigned responsibilities with a commitment to delivering high quality work.
- Strong risk culture and proven experience of managing a sound risk management framework as part of the first line of defence.
- Experience of operating successfully at client board level, including drafting and presenting reports and maintaining ongoing relationships with executivelevel representatives.
- Organised and accurate in all aspects of your work.
- Flexible, along with a capacity to adapt to and manage the unexpected.
- Fluent in English and French, strong grasp of another language would be
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