Bank of New York Mellon Luxembourg providesdepositary services for collective investment schemes, mainlyLuxembourg-registered funds.
The Bank fulfils an oversight role for its clientfunds under the regulations published by the CSSF. This oversight involves thesafe-
keeping of the assets, monitoring the activities of the funds to ensurethey comply with applicable regulations, particularly in the areas like custodyand asset verification, calculation of the NAV and asset valuation and transferagency activity and issuing of shares / units to investors.
TheDepository Bank Administrator will be in charge of reviewing, and carryingout the day-to-day activities of the Depositary oversight function for specificclients.
This includes monitoring of the activities of these fund clients suchas Custody, Fund Accounting and Transfer Agency.
Daily, weekly and monthly monitoring of fund portfolios to ensure that funds are in compliance with regulatory documentation guidelines, in accordance with Law, Circulars and Guidelines
Identifying out of tolerance results
Working with other teams and clients to investigate and resolve breaks
Develop and maintain a knowledge of applicable laws, regulations etc. in respect to depository responsibilities
Preparation of monthly statistics
Support Manager as required in preparingdocumentation for client meetings and Board of Directors meetings as required
Work with Clients, service providers,counterparties and Auditors as required.
Work with our colleagues, including those in otherlocations, to ensure reports are completed in a timely and accurate manner
Support the implementation of new business orproducts
Proactive participation in team meeting
Identify and implement Client specific value addedcontrols
University degree. Preferably Businessadministration, Law, or similar subject.
Any additional specific qualifications in financialmarkets will be a plus. (Masters, Diploma, etc)
No experience required but an experience up to 2years in a fund accounting role will be an advantage
Attention to detail, motivation and willing tolearn and make a career in financial services
English (mandatory), French and any additional(European) languages would be considered as an advantage
Basic knowledge of laws and regulations and of thecustody and accounting principles applicable to the fund business
Strong analytical, communication and organizationskills (both verbal and written)
Strong communication and presentation skills