Depositary Oversight Specialist
Pictet Group Luxemburg
Bridel, LU
il y a 2j
source : Monster

Pictet is an investment-led service company, offering wealth management, asset management and related services. We are a partnership of seven owner managers and our principles of succession and transmission of ownership have remained unchanged since foundation in 1805.

Our purpose is to build responsible partnerships with our clients, communities, and the companies in which we invest, in order to safeguard and transmit wealth, of all kinds, in the service of the real economy.

With more than CHF 576 billion in assets under management or custody at 31 December 2019, Pictet is today one of the leading Europe-based independent wealth and asset managers.

Headquartered in Geneva, Switzerland and founded there, Pictet today employs more than 4,200 people. It has 28 offices in : Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, Osaka, Paris, Rome, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich. Job description :

Your team

As part of the Depositary Oversight team, you will be involved in the regulatory oversight of depositary of collective investment schemes (UCIs), and in particular in ensuring that investment decisions of UCIs are compliant and that illiquid UCIs function properly.

  • As the Depositary Oversight team is accountable for the results of its controls to the management bodies of the UCI and the supervisory authorities, you will be required to act as their contact person in this ;
  • Your role

  • Ensuring, on behalf of the depositary, that the UCI complies with the investment restrictions and leverage limits provided for by the regulations and by the constitutional documents of the UCI, by carrying out the controls provided for by the Depositary Oversight function.
  • As the outsourcing responsible officer, supervising the partial subcontracting of the compliance monitoring of the investment decisions of the UCI.
  • For illiquid UCIs invested in private assets, ensuring that the valuation of the assets, the calculation of the NAV and the treatment of the liabilities of the UCI (management of capital calls ) are compliant, by carrying out the controls provided for by the Depositary Oversight function.
  • Taking part in other monitoring and control activities of the team :
  • Carrying out the monitoring and control measures set out in the Depositary Oversight control plan in the other areas of oversight.
  • Managing regulatory escalation processes.
  • Being involved in the regulatory due diligence required for some of the UCI's service providers (central administration, external valuer, AIFM / management companies).
  • Contributing to the drafting of the various periodic review reports on the results of the depositary control for the management bodies of the UCI, the Bank's management or the supervisory authorities.
  • Helping to maintain the depositary monitoring and control framework and, if required, defining new controls deemed necessary.
  • Assisting with the regulatory watch of the role, responsibilities and best practices of UCI depositaries and helping to ensure compliance with the regulatory framework.
  • Contributing to the risk / feasibility / compliance analyses to be carried out when accepting new UCI depositary mandates or changing existing structures.
  • Assisting with updating procedures relating to the activity.
  • Your profile

  • BAC+4 or +5 in Economics, Law or Management, or an educational background deemed equivalent.
  • Extensive experience in UCI investment compliance, either in a supervisory role in a depositary bank or in a management company, AIFM or central administration (as a fund / investment compliance officer).
  • Expertise in the characteristic functioning of illiquid funds (capital call and commitment, valuation methods, carried interest, etc.
  • and private asset classes (private equity, real estate, infrastructure, private debt).

  • Familiarity with the regulatory environment applicable to the investment activity of UCIs (AIFMD, UCITS), and in particular a sound knowledge of the requirements relating to the custody of financial ;
  • Sound general knowledge of the operation of UCIs (calculation of NAVs, processing of redemptions / subscriptions of units, types of UCIs, parties involved in a UCI).
  • Rigorous and with analytical skills and a keen interest in regulatory matters.
  • Ability to communicate effectively and professionally with peers and external stakeholders, including clients and supervisory authorities.
  • Ability to represent the function to an external public.

  • Positive attitude, flexibility and resistant to stress.
  • Ability to integrate into a matrix organisation.
  • Ability, in carrying out the function of controller, to manage situations requiring both diplomacy and technical knowledge.
  • Ability to work as part of a team, but also independently
  • Sense of initiative, a critical and enquiring mind and the ability to develop skills.
  • Sound knowledge of the usual MS Office software tools.
  • Knowledge of Avaloq / MultiFonds / eFront
  • Excellent command of English and French (written and spoken).
  • Note

    We will not accept any CVs via agencies. "In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record.

    This document, issued by the relevant authorities, must not be more than three months old. This request will be made for the purpose of carrying out a character check in view of the field of activity of our institution, and more particularly the tasks described in the job description."

    Diversity & Inclusion

    Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.

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