Depositary Officer

Région-du-Luxembourg CDI View Job Description
We are seeking an experienced Depositary Officer to provide support for the depositary activities conducted at the Branch in Luxembourg. The successful candidate will functionally report to the Branch Director while also collaborating with relevant departments with the HQ in Spain.

Mise à jour le 08/10/2024

  • You have at least 3 years of experience in a depositary role in Luxembourg
  • You speak Spanish and English

À propos de notre client

Our client is a Spanish Financial Institution that provides a wide range of banking and financial services.

Description

The Depositary Officer will have the following responsibilities:

Oversee and monitor the depositary operations for the vehicles held at the Branch, ensuring compliance with the following regulations:

  • Regulation (EU) No 231/2013 of the Commission, which supplements Directive 2011/61/EU on AIFMs, focusing on exemptions, general conditions, depositaries, leverage, transparency, and supervision.
  • Delegated Regulation (EU) 2016/438, which complements Directive 2009/65/EC on UCITS in relation to the obligations of depositaries.
  • Luxembourg local regulations applicable to the type of deposited vehicles.



Review and prepare the necessary periodic documentation to be submitted to the CSSF (Commission de Surveillance du Secteur Financier), ensuring full compliance with regulatory obligations.

Supervise the custody of securities and cash related to investment funds, including verifying that reconciliations are conducted in line with internal policies, which align with applicable regulations.

Participate actively in the selection, supervision, and monitoring of sub-custodians holding securities on behalf of the vehicles deposited at the Branch, ensuring their activities meet the required standards.

Profil recherché

The Successful Depositary Officer has the following profile :

  • Minimum of 3 years of experience in a depositary role within Luxembourg, with a thorough understanding of local financial regulations and European directives governing depositary services for UCITS and AIFs.
  • A degree in Finance, Economics, Business Administration, or a related field. Postgraduate qualifications in financial law or certifications related to depositary functions are a plus.
  • Strong understanding of the Luxembourg financial regulatory environment, particularly in relation to UCITS and AIFs.
  • Familiarity with CSSF reporting requirements and European regulations.
  • Excellent analytical and problem-solving skills, with an ability to manage complex regulatory requirements.
  • Proven ability to work both independently and within a team, with a proactive approach to managing depositary functions.
  • Fluent in Spanish and English

Conditions et Avantages

Why join our client ? This is an excellent opportunity to grow your career within a leading financial institution, where you will be entrusted with key responsibilities and play a pivotal role in ensuring the security and regulatory compliance of our depositary services in Luxembourg.

Contact
Céline Bartholomé
Indiquer la référence de l'offre
JN-102024-6555750

Résumé du poste

Secteur
Banque & Services Financiers
Sous-secteur
Middle-Office
Industrie
Financial Services
Localisation
Région-du-Luxembourg
Contract Type
Permanent
Nom du consultant
Céline Bartholomé
Référence de l´offre
JN-102024-6555750

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