Account Manager

Founded in 1856, the 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 1 800 people, the BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.

What will you do?

Performing the interactions with BIL’s AIF Depositary clients (fund initiators and fund managers) as well as with all involved professional third-parties (AIFM, Fund Administration, Transfer Agent, Auditors, Legal Advisors, etc.), keeping and updating the files of AIFs under his/her operational responsibility in compliance with legal and contractual duties and in full respect of internal procedures and the AIFMD.

Gather information of the AIF’s investments

Gather documentation before and after transactions

Instructs the AIF Oversight team of the records and settlements while ensuring a perfect understanding of the transactions

Perform cash flow monitoring as defined by the AIFMD

Perform oversight duties as required by the AIF

Perform the whole operational interactions with involved fund service providers and departments within BIL

Feed business developers with technical elements to be taken into consideration for proposing BIL’s services

Take an active part to the evolution of procedures and transversal projects in relation with AIF business

Contributing to the depositary regulatory watch and ensuring that the Bank’s depositary activity remains compliant with laws, regulation and best practices

Insure an integration and correct use of BIL’s Tools (BLSNet, Multiline,) in correlation with AIF Depositary activities

Description

Founded in 1856, the 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 1 800 people, the BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.

**Your key objectives**:
You will be the operational day-to-day contact for AIF Depositary’s clients and the fund service provider (AIFM, Fund Administration, Transfer Agent, Auditor,)

You will report to the Head of AIF Depositary.

**Responsibilities**:
**What will you do?**

Performing the interactions with BIL’s AIF Depositary clients (fund initiators and fund managers) as well as with all involved professional third-parties (AIFM, Fund Administration, Transfer Agent, Auditors, Legal Advisors, etc.), keeping and updating the files of AIFs under his/her operational responsibility in compliance with legal and contractual duties and in full respect of internal procedures and the AIFMD.
- Gather information of the AIF’s investments
- Gather documentation before and after transactions
- Instructs the AIF Oversight team of the records and settlements while ensuring a perfect understanding of the transactions
- Perform cash flow monitoring as defined by the AIFMD
- Perform oversight duties as required by the AIFMD
- Perform the whole operational interactions with involved fund service providers and departments within BIL
- Feed business developers with technical elements to be taken into consideration for proposing BIL’s services
- Take an active part to the evolution of procedures and transversal projects in relation with AIF business
- Contributing to the depositary regulatory watch and ensuring that the Bank’s depositary activity remains compliant with laws, regulation and best practices
- Insure an integration and correct use of BIL’s Tools (BLSNet, Multiline,) in correlation with AIF Depositary activities

Must Have Requirements
- At least 5 years of professional experience and knowledge in the investment fund industry.
- University degree in relevant field (finance, business administration, economics, audit, legal).
- Bac +3 / 5 or equivalent professional experience
- Fluent in English, German and French, written and spoken. Any other language is considered an advantage.
- Extensive knowledge of:

- Banks’ organisations and activities, workflows, operational risk management processes/tools and challenges, duties,
- Financial products and services such as cash / treasury management, securities (transactions, safekeeping,), financing and capital markets solutions.
- Excellent knowledge of:

- The AIFMD as well as the legal and regulatory framework of Luxembourg investment fund vehicles and industry best practice.
- 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.
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