Job Properties
  • Job Type
    Full-time Position
  • Background
    Finance and Economics
    Management & Business Others
  • Languages
  • Experience Required
    3 - 5 Years
  • Degree Required
    • Province
      3,821 reviews
    • Date Posted
      May 11,2021
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    • 周年特惠 IP

    Depositary Officer

    BNP Paribas

    BNP Paribas is a leader in banking and financial services in Europe. The Group is present in 75 countries worldwide and employs more than 185,000 employees. Our Group has two complementary core activities, providing strategic strength and assuring the bank financial solidity: Retail Banking & Services and Corporate & Institutional Banking.

    In the Netherlands BNP Paribas is one of the largest and leading non-Dutch banks. Thanks to our global network combined with our local expertise, we unlock business opportunities across the world for our clients.

    BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group and one of the highest-rated asset servicing banks in the industry. With a local presence in 34 countries across five continents and a global custody network covering over 100 markets, BNP Paribas Securities Services assists her clients around the world and offers them a unified service range of all asset classes.

    For our office in Amsterdam we are currently seeking an ambitious

    Depositary Officer

    BNP Paribas Securities Services, is one of sixteen branches of BNP Paribas Securities Services (‘the Bank’) licensed to provide Trustee & Depositary (‘T&D’) services to all types of locally domiciled funds. After the 2008 financial crisis and the Madoff scandal fund managers in Europe are obliged to comply with the Alternative Investment Fund Managers Directive (AIFMD). As depositary operating under the AIFMD, the mission of Securities Services is to protect the interests of the investors and unit holders in the funds.

    The position

    Within Securities Services, the main role of the Depository & Fiduciary Services teams (DFS),

    wherever they operate, is twofold:
    • Discharge the Bank’s oversight responsibilities on the fund managers (and their trading activity) and any other stakeholders (eg fund administrators, agency lenders, clearers, collateral agents,...) relevant to the funds we are appointed trustee or depositary for;
    • Oversee the operations of any other departments of the Bank involved in its discharging its trustee or depositary responsibility, eg custody and specialist safekeeping teams;

    The Depositary Officers interface objectively between the clients and the regulatory authorities and are responsible for a wide spectrum of control services including asset valuation controls, ownership verifications, NAV controls, risk and compliance controls. We look for talent who share our values of teamwork, commitment and integrity.

    The main tasks and responsibilities are:
    • Analyzing fund investment portfolio’s and verifying ownership (securities, derivatives & alternatives)
    • Perform controls and act as an account manager for the client with regard to cash monitoring, safekeeping and oversight duties.
    • Audit depositary related operations (custody, cash management, reconciliations, fund administration, transfer agency).
    • Review and control operational Depositary services performed by international centers of excellence.
    • Monitor, evaluate and adapt internal procedures to remain compliant with the Fund rules and regulations (Wft, AIFMD, UCITS).
    • Analyze AO/IC and ISAE 3402 procedures, evaluate dependencies and where needed suggest improvements.
    • Contribute to the global operational risk management program of BNP Paribas Securities Services whilst acting as depositary and custodian

    The requirements
    • Masters degree in finance or (financial) economics or controlling
    • Minimum of 5 years experience in an financial/controlling related area, within the Fund Services field (Institutional Investors business). Experience in OTC trades, stock trades and corporate actions is a plus as well as knowledge of the AIFMD.
    • Native level Dutch and fluent English
    • Strong analytical skills and understanding of fund activities and asset classes.
    • Excellent interpersonal and communication skills.
    • Client focus
    What we offer
    This is a great opportunity to contribute to the further professionalization of our Depositary Services. As a distinguished market leader in this area, we offer a challenging career opportunity in an exciting environment. You will join a multidisciplinary team and become a member of the international Depositary community. The team is ambitious and eager to optimize it’s service offering to the next level as the client portfolio is growing. We offer a varied position with an excellent benefits package tailored to your background and experience.

    Primary Location

    : NL-NH-Amsterdam

    Job Type

    : Standard / Permanent




    : Full-time

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