Junior Depositary Oversight Officer (Fixed-term contract - 6 months)

Your team

The Pictet Group is one of the world’s leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented at 30 offices in financial centres worldwide, and currently employs over 5200 people. Pictet has been present since 1989 in Luxembourg, where it employs over 700 people.

Technology & Operations design and integrate software applications ranging from portfolio management systems, trading platforms to banking and corporate solutions. The division is responsible for some of the Group’s key innovations while sustaining business operations and developing custodian and funds administration services.

The scope of the role is to take part in all monitoring and control activities of the team relating to the oversight missions of the depositary.
 

Your role

• Carry out the monitoring and control measures set out in the Depositary Oversight control plan in the following areas of oversight:
  • Valuation of the assets and calculation of the UCI's NAV
  • Handling of subscriptions and redemptions of UCI units/shares
  • Compliance of the UCI's instructions/investment decisions
  • Distribution of the UCI's income
  • Timely settlement of the UCI's transactions
  • Manage regulatory escalation processes.
• Be involved in the regulatory due diligence required for some of the UCI's service providers (central administration, external valuer, AIFM/management companies).
• Contribute to the drafting of the various periodic review reports on the results of the depositary control for the management bodies of the UCI, the Bank's management, or the supervisory authorities.
• Contribute to the risk/feasibility/compliance analysis to be carried out when accepting new UCI depositary mandates or significant changes in existing mandates.
• Perform and keep up to date the depositary risk assessment/scoring for each UCI/sub-fund for which the Bank is acting as depositary and ensure on this basis that appropriate oversight procedures are then implemented and applied.
• Help maintain the depositary monitoring and control framework and, if required, define new tasks of controls deemed necessary.
• Assist with the regulatory watch of the role, responsibilities, and best practices of UCI depositaries and help ensure compliance with the regulatory framework.
   

Your profile

Qualifications and experience:

• University degree in Finance, Economics, Law or Management. 
• 1 to 2 years’ experience in a similar position or in another position dealing with the same domains of activity, such as Fund Accountant, UCI’s Auditor, Fund Compliance Officer, etc.

Specific knowledge:

• Familiarity with the regulatory environment applicable to the investment activity of UCIs (AIFMD, UCITS) and a sound knowledge of the requirements relating to the depositary function. 
• Sound general knowledge of the operation of UCIs (calculation of NAVs, processing of redemptions/subscriptions of units, types of UCIs, parties involved in a UCI).
• Knowledge of Avaloq/MultiFonds/eFront. 
• Very good MS Office skills (Word, Excel, PowerPoint).

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Language skills:

• Fluency in both English and French.

Personal qualities:

• Rigorous and with analytical skills and a keen interest in regulatory matters. 
• Ability to communicate effectively and professionally with peers and external stakeholders, including clients and supervisory authorities. 
• Ability to represent the function to an external public. 
• Ability to cope with stress. 
• Ability to work independently. 
• Team spirit.
   

Note

We will not accept any CVs from agencies.

In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

Flexible and modern ways of working
As a responsible and supportive employer, we promote the well-being of our employees through a set of flexible working arrangements, ranging from a work-from-home policy for eligible functions to opportunities for annualised part-time leave and extended parental leave. 
 

Diversity & Inclusion

Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.