Depositary Support Officer

Combining the strength of an international presence and local know-how, BNP Paribas 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. The Dutch team, with the help of specialized business lines, presents a comprehensive and tailored offer to 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 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 customers are at the heart of CIB’s strategy. Securities Services CIB2S assists 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

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, etc.) relevant to the funds for which we are appointed trustee or depositary.
• Oversee the operations of any other departments of the Bank involved in 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, including 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.

Your responsibilities

The Depositary Support 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, 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 assist in the execution of our oversight.
• Perform controls in cooperation with the depositary officer regarding oversight (e.g. compliance monitoring) and ownership verification.
• Liaise with our international centers of excellence and coordinate internal control monitoring with the team to ensure deadlines are met.
• Contribute in cooperation with the depositary officer to internal service meetings (e.g. KPI meetings) with our IOCs.
• Monitor changes at the customers (new accounts, new funds, liquidations) level and adjust our client and control overviews (e.g. dashboards) accordingly.
• Assist in the execution of depositary audits related to our tasks (custody, cash management, reconciliations, fund administration, transfer agency).
• Contribute to the global operational risk management program of BNP Paribas Securities Services whilst acting as depositary and custodian.
• Prepare periodic reports on our services and set up depositary meetings in which the services will be evaluated.

Job related competencies

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

What we offer

This is a great opportunity to contribute to the further growth of 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 its 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.

If you recognize yourself in this profile, please send your application letter and CV in English to: BNP Paribas - Human Resources Department asd_recruitment_hr [at] bnpparibas (dot) com

Please bear in mind that we conduct pre-employment screening.

Unsolicited offers by external organizations to help us find a suitable candidate will not be considered.