Senior Depositary Oversight Specialist

Bank Pictet & Cie (Europe) AG, succursale de Luxembourg; Menningen; Vor Ort; EUR 70.000 - 90.000; Vollzeit

Zusammenfassung

A leading wealth management firm in Germany is seeking an experienced professional to oversee depositary functions. The role involves conducting regulatory oversight, drafting reviews, and managing projects to implement new technologies. Ideal candidates will possess a Bachelor’s degree with at least 7 years of experience in fund accounting or compliance, and must be fluent in French and English. A collaborative environment is promoted, focusing on adaptability and professional growth.

Leistungen

Flexible working arrangements

Support for employee well-being

Extended parental leave

Qualifikationen

• 7 years’ relevant experience in fund accounting or compliance roles.
• Familiarity with AIFMD, UCITS regulations.
• Proficient in data visualization tools.

Aufgaben

• Conduct monitoring and control measures for Depositary Oversight.
• Draft periodic review reports for management bodies.
• Lead projects on new technologies and regulatory changes.

Kenntnisse

Analytical skills

Project management

MS Office proficiency

Knowledge in UCIs

Communication skills

Ausbildung

Bachelor’s degree in Finance, Economics, Law or Management

Tools

Tableau

Data management tools

Avaloq/MultiFonds/eFront

Jobbeschreibung

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.

Operations provide secure and efficient processing of Pictet’s banking transactions and investment funds. Our teams ensure all activities follow regulations and manage risks. By developing and maintaining a modern, robust infrastructure, we guarantee reliable, high‑quality services for Pictet wealth management, asset management and real estate clients.

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. Additionally, the role involves leading and managing projects focused on the implementation of new technologies, driving process improvements, and addressing regulatory changes within the depositary function.

Your role

• Carry out the monitoring and control measures set out in the Depositary Oversight control plan in the following areas of oversight:
  • Asset valuation and UCI’s NAV calculation
  • Subscriptions/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 UCI’s service providers (central administration, external valuer, AIFM/management companies).
• Draft periodic review reports on depositary control results for the UCI management bodies, the Bank’s management, or the supervisory authorities.
• Contribute to the risk/feasibility/compliance analysis for new UCI depositary mandates or significant changes in existing mandates.
• Perform and update depositary risk assessment/scoring for each UCI/sub‑fund and implement appropriate oversight procedures.
• Assist with the regulatory watch of the role, responsibilities, and best practices of UCI depositaries to ensure compliance with the regulatory framework.
• Leverage AI tools and data analytics to optimise depositary monitoring and control framework, identifying trends, anomalies, and improving processes.
• Lead projects related to new technologies, process improvements, and regulatory changes within the depositary function.

Your profile

Experience:

• Bachelor’s degree in Finance, Economics, Law or Management with 7 years’ relevant experience (e.g., Fund Accountant, UCI’s Auditor, Fund Compliance Officer).

Technical skills:

• 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.
• Good knowledge of the operation of UCIs (calculation of NAVs, processing of redemptions/subscriptions of units, types of UCIs, parties involved in a UCI).
• Very good MS Office skills (Word, Excel, PowerPoint).
• Advanced knowledge of data management tools and AI technologies, with experience in applying these in financial services operations.
• Proficiency in data visualization (e.g., Tableau).
• Knowledge of Avaloq/MultiFonds/eFront.

Soft skills:

• Strong analytical skills with a keen interest in leveraging data and AI for regulatory and operational improvements.
• Excellent project management skills, with the ability to lead cross‑functional teams.
• Rigorous and 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 cope with stress and to work independently.

Language skills:

• Fluent in French and English.

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.