Depositary Officer

We are looking for a Depositary Officer for our Depositary & Fiduciary Services department, that is situated within the Securities Services business line of BNP Paribas SA Amsterdam Branch.

BNP Paribas in the Netherlands: Combining the strength of an international presence and local know-how.

The BNP Paribas Group has a long history in the Netherlands. Its experienced bankers serve as a single point of contact for clients to access BNP Paribas’ global product offering and extensive international network. BNP Paribas’ Dutch team is able, with the help of our specialized business lines, to present a comprehensive and tailored offer to our clients. The Group’s wide scale of value-added products and innovative solutions ranges from pure lending to highly structured transactions, from leasing to asset management. It offers access to domestic market knowledge combined with global expertise via our worldwide specialized resources.

BNP Paribas Corporate and Institutional Banking (CIB) is part of the Group and a globally recognized leader in offering specialized solutions to corporate and institutional clients in the field of capital markets, securities services, financing, treasury and advisory. CIB also functions as a bridge between corporate and institutional clients. Sustainability, digital transformation and a focus on long-term relationships with our customers are at the heart of CIB’s strategy.

Securities Services (CIB2S) assists her clients around the world and offers them a unified service range of all asset classes. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

Your new role

The Depositary Officer is situated within CIB2S Netherlands in Amsterdam and reports directly to the Head of Depositary CIB2S Netherlands.

You are the driving force for new developments and preparing stable delivery of change to production and will overlook the change process from beginning to end. Main goal is to continuously optimize and professionalize CIB2S Depositary & Fiduciary Services Netherlands and to contribute to the CIB2S Depositary & Fiduciary Services and overall strategy.

Your responsibilities

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 (e.g. 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, e.g. custody and specialist safekeeping teams.

In addition to performing post trade investment compliance monitoring in a fiduciary capacity, we offer this service in a commercial capacity in a number of markets, e.g. Luxembourg, France, Germany, Ireland, Singapore, the Netherlands, and increasingly in the UK. This service is offered primarily to asset owners, bundled with other ‘master custody’ types of solutions.

The Depositary Officers interface objectively between the clients and the regulatory authorities and are responsible for a wide spectrum of control services including cash monitoring, ownership verifications, NAV controls, and 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 structures and investment strategies (securities, derivatives & alternatives) to execute oversight.
• Perform controls and act as point of contact for the client with regard to cash flow monitoring, oversight (e.g. compliance monitoring) and ownership verification.
• 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.
• Report on the depositary services to the client and set-up depositary meetings in which the services will be evaluated.

Who are you

• Master degree in finance or (financial) economics or controlling.
• Minimum of 2-5 years experience in a financial/controlling related area, within the Fund Services field (Institutional Investors business).
• Experience in Private equity, OTC Derivatives, Custody and related corporate actions is a plus as well as knowledge of the AIFMD and UCITS.
• Native level Dutch and fluent English (this is an absolute must!).

Job related competencies:

• Strong analytical skills and understanding of fund structures and activities.
• Excellent interpersonal and communication skills.
• Ability to think out-of-the-box.