AIF Depositary Analyst
il y a 6 jours
Founded in 1856, Banque Internationale à Luxembourg is the oldest multi-business bank in the Grand Duchy. From its foundation, the BIL has always played an active role in the development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on major capital markets. Employing more than 2 000 people, BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.
As a major player in Luxembourg's finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.
Key objectives of the job:
In its capacity as Depositary bank for alternative investment funds (AIFs) Banque Internationale à Luxembourg SA (BIL) provides investor protection, through overseeing the general administration of the funds, the safekeeping of the fund's assets, the ownership verification and record keeping of other assets as well as the monitoring of the cash flows. Your role is to ensure that all depositary duties and obligations are performed in accordance with the applicable regulation.
Your next challenge:
- As part of the AIF Depositary team you will be responsible for safekeeping and verifying the ownership of the AIFs assets, monitor cash flow activities and perform oversight controls.
- You will need to ensure that the procedures and controls comply with the applicable laws and keep up to date with legislation, professional standards and regulatory changes.
- You will perform due diligences on fund service providers and be involved in on-site inspections.
- Attending periodic client service meetings will also be part of your activities.
- You will maintain and enhance depositary procedures, review programs and checklists.
Your skills:
- University degree Bac +3 / 5 (finance, business administration, audit, legal) or equivalent professional experience
- At least 7 years in the (Luxembourgish) fund industry
- Fluent in English, written and spoken. German and/or French is considered an advantage
- Banks' organisations and activities, workflows, operational risk management processes / tools and challenges,
- Financial products and services such as cash / treasury management, securities (transactions, safekeeping, …), financing and capital markets solutions.
- The AIFMD as well as the legal and regulatory framework of Luxembourg investment fund vehicles and industry best practice.
- The role and responsibilities of a Depositary bank
- The ins and outs of alternative asset classes such as Private Equity, Private Debt, Real Estate and Infrastructure.
- Operational risk assessment and monitoring, enhancement of processes and procedures.
- The drivers of the European fund industry.
- Strong team player, with a highly supportive attitude and a passion for performing controls in a (highly) regulated environment.
- Strong presentation, interpersonal and communication skills (verbal and written).
- Strong analytical skills as well as conceptual and future-oriented thinking.
- Self-organized way of working by delivering high quality results in time with a good sense of prioritization.
- Accurate, flexible, hands-on, and delivering the best work when facing tight deadlines.
- Experience (type + number of years) At least 7 years in the banking / financial industry.
- Qualifications such as an experience in the AIF depositary function, especially ideally also in investment restrictions controls, and certifications in audit / control / risk management are considered advantages.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.
NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.
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