Our client is a conviction-driven investment house founded on the idea that wealth should be used to build the future. Family-owned, independent and specialized, the Group favours bold strategies and investments rooted in the real economy, combining long-term performance and impact.

MAIN MISSION

In addition to servicing Private Banking clients, our client acts as Depositary Bank for a wide range of UCIs across various client segments.

In this context, as part of its efforts to reinforce its recordkeeping and asset verification activities, the Depositary Bank is seeking an experienced Depositary professional (M/F) to lead the alternative funds’ desk servicing private equity, real estate, infrastructure, venture capital, debt funds and other types of alternative funds.

The role of Depositary Team Leader for alternative funds requires the provision of technical depositary support and first line management to the alternative funds’ team. This is a multifaceted position where collaboration, effective communication, and attention to details make the difference at the end of the day. Given the complex nature of the alternative fund structures and the diversity of the asset classes in-scope, a proven experience of these asset classes and the AIFMD regime is therefore required.

OUR OFFER

An interesting team leading position in a striving, highly motivated, multicultural and fast past working environment

YOUR DUTIES

As a Depositary Team Leader Alternative Funds, your main responsibilities will be to:

 Lead a small team of depositary specialists with respect to the recordkeeping and asset verification of serviced funds’ assets in line with industry best practice

 Ensure that the first line of defence controls relating to the alternative funds are executed in line with internal procedure, escalate any identified issue where appropriate

 Act as key coordinator and main point of contact for the various stakeholders in relation to the alternative funds’ audits and holding confirmation campaigns

 Work collaboratively with the business development team and the relationship managers as to ensure that all client technical advisory requirements are anticipated and addressed in a timely manner, handle fund on-boarding processes, and participate actively to client workshops

 Enhance existing internal processes in line with regulatory developments and business developments, ensure their efficiency and robustness at all times

 Monitor and report on the effectiveness of the operational output from third party service providers

 Participate to regulatory filings and Ad-hoc reporting to senior management (e.g. key performance and risk indicators)

Represent the Depositary Bank internally within the Group, and externally by attending commercial venues and seminars

PROFILE & COMPETENCES

 Professional experience consisting of a minimum of 7 years (of which 2 in a managerial position) in alternative funds’ depositary operations and controls

 Broad fund industry knowledge with a proven experience of the responsibilities of the depositary bank with regards to alternative funds subject to AIFMD

 Confirmed expertise in risk identification and mitigation evidenced with an ability to connect different elements together when analyzing complex issues

 Excellent analytical skills, independent thinking and judgment, problem solving approach overall coupled with a « can do » attitude

 Proven team spirit with a high and constant level of commitment, equally comfortable working independently or within a team

 Ability to plan and coordinate work across multiple disciplines, prioritize, and handle multiple tasks in parallel while meeting tight deadlines

 Convincing presentation skills, ability to synthesize complex information in concise messages verbally and in writing in English, and ideally fluent in French

 Master’s degree or equivalent in economics, management, law, or any other relevant education, ideally supplemented with professional trainings and certificates in banking and / or the fund industry overall

 Computer literacy consisting of strong functional knowledge of Microsoft Office suite applications, particularly in Excel, knowledge in VBA being an asset

 Adheres to the value of diversity and inclusion in the workplace, as to promote a culture where anyone can realize its full potential, and bring its full, authentic self to work

The position reports to the Head of the Depositary Bank, is full time, based in Luxembourg but may involve traveling to the other European countries.