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Fixed-term Investment Compliance Officer role in Luxembourg – BNP Paribas Securities Services.
Monitor fund compliance, manage controls, collaborate with clients and regulators in the dynamic Luxembourg market.
BNP Paribas Securities Services , a subsidiary of the BNP Paribas group, is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
We are looking for a
Investment Compliance Officer (M/F)
Ranked as the second largest global fund center, Luxembourg is a preferred jurisdiction for institutional and private investors. The Luxembourg Fund Sector is very dynamic, innovative, and well established thanks to its robust regulatory framework.
Contractual Investment Compliance remains an added value service for our clients.
It is fully integrated with multiple counterparties (inside and outside the bank): Depot bank, Custodian, Management Companies, Data Providers, Auditors…
Mission statement
The Investment Compliance Officer mission is to monitor the funds’ compliance with the legal and investment restrictions. The Officer oversees the first set of analysis carried out by IOC and contributes to manage the compensation procedures resulting from compliance breaches for FA CIC clients who have subscribed to our CIC offer (Standard & ESG)
The key responsibilities of the CIC specialists are:
- Define, coordinate, and monitor the controls linked to restrictions and investment policies for our clients (investment funds)
- Perform second-level controls (preliminary calculations, escalation of ratios and ratio controls) via the dedicated CIC tool.
- Create and maintain strong relationships with our clients linked to Investment Compliance subjects.
- Ensure communication with management companies, financial managers, funds auditors and the CSSF as part of the CSSF 02/77 declaration and audit review.
- Share knowledge and technical skills with the team.
- Be actively involved in the organization and evolution of the department / CIC organization.
- Manage projects like «business implementation» (new client integration) and «control implementation» (developing and implementing new controls/reports/formulas).
Required experience:
Proven background and knowledge in the area of Investment Compliance and / or financial services & financial instruments.
Behavior skills
- Excellent communication skills
- Capability to collaborate within a team.
- Very good analytical and synthetical skills
- Rigorous, accuracy and attention to details
Technical skills
- Good knowledge of the OPC industry (UCITS/AIF) and financial instruments including hedge funds and derivatives
- Good understanding of the European and Luxembourg regulations relating to funds investments limits
- Knowledge of CIC/FA office tools
- Good knowledge of “MultiFonds FA” would be an asset.
Language skills:
- Be fluent in French, English and German
- Knowledge or another language would be considered as an additional asset.
During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his/her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23 2016 concerning the criminal record.