Head of Depositary and Fiduciary Services, France (f/m/d)

HSBC; Paris; Sur place; EUR 80 000 - 110 000; Plein temps

Résumé du poste

A global financial services company is seeking a Depositary Lead in Paris to oversee the growth of the Depositary team. The role requires extensive experience in the Funds Industry, particularly in private equity and alternative funds, as well as strong regulatory knowledge. Key responsibilities include client relationship management, operational oversight, and participating in strategic objectives. The position offers a collaborative working environment with unique benefits promoting inclusivity and professional development.

Prestations

Advantageous remote working agreement

Family events days off

Access to development programs and mentorship

Partial reimbursement of childcare costs

Meal voucher card

Qualifications

• Thorough understanding of private equity/alternative French funds and regulations.
• Direct experience of the Depositary function in relation to private equity funds/alternative funds.
• Able to operate in a dynamic and international environment.

Responsabilités

• Lead the growth of the Depositary team and business in France.
• Ensure all client issues are resolved and set high levels of client service.
• Establish a robust control environment for operational management.

Connaissances

Investment Fund Services experience

Regulatory advisory

Compliance

Risk management

Analytical skills

Team player

People motivation

Excellent presentation skills in English/French

Formation

Business degree or equivalent professional qualification

Description du poste

At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger! We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

Here in France, you’ll help evolve and grow our business. Do you want to be involved in starting our Depositary business for Private Assets in France? Are you interested in working in a regulated environment? Do you have Investment Fund Services experience in a Depositary function? Do you enjoy working in a multicultural and fast-paced environment? If you answered yes to any of these questions, we want to hear from you!

What you will do:

• Reporting functionally to the Head of Trustee and Fiduciary Services (Europe), and to the Head of Securities Service (France) at an entity level, you will lead the growth of the Depositary team and business in France and will demonstrate a high degree of technical Depositary and Fiduciary Services knowledge, operational management, relationship management, regulatory experience and inter-personal skills.
• Lead the operational and client service for depositary clients for all matters, developing relationships with clients, ensuring all client issues are resolved, setting and maintaining high levels of client service and escalating any potential issues which may negatively impact unitholders, Clients, Funds or HSBC, ensuring all regulatory expectations are adhered to.
• Establish and maintain a robust and efficient control environment to ensure good operational, financial and project management, and compliance with HSBC policy and procedures.
• Lead a dedicated Depositary oversight and control function, ensuring effective oversight of outsourced depositary administrative tasks, acting act as an effective escalation point and providing thought leadership for the Depositary business.
• Closely collaborate with the relevant stakeholders within Global Trustee and Fiduciary Services (‘GTFS’), and across Markets and Securities Services (‘MSS’) i.e. Sales and Business Development, Client Management, Compliance, Legal and Risk functions and will be a member of the senior leadership team of the Securities Services Business (‘SSv’) in France.

In this role you will:

• Be responsible for the continual assessment of operational model and risks associated with the role and inherent in the Depositary business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, and the impact of new technology, to ensure the business operates effectively and efficiently and is able to deliver HSBC's strategic goals.
• Work closely with the various Depositary sites and MSS stakeholders to ensure the Depositary business is provided with all the relevant support to deliver against its strategic objectives.
• Participate in RFPs, new business sales pitches, approval/assessment of clients’, client service reviews and onboarding activities.
• Require a detailed knowledge of the Depositary market in France, in particular the Private Assets market and regulations under Alternative Investment Fund Managers Directive (AIFMD), and the associated regulatory requirements of the industry.
• Represent GTFS France and engage proactively with the industry forums and Depositary working groups (e.g. France Post-Marche (‘FPM’), etc.).
• Will be an active member of HSBC European & Trustee Depositary regulatory and technical Committees.
• Drive and encourage teamwork, set expectations and share best practice, managing, monitoring and coaching the team to ensure that their performance meets the required standards, and continuously develop their capabilities and experience.

You should apply if you have:

• Business degree or equivalent professional qualification.
• Extensive experience in the Funds Industry (in the private equity/alternative funds area) is essential; experience in regulatory advisory, compliance or risk management is a strong asset.
• Thorough understanding of private equity/alternative French funds and regulations.
• Direct experience of the Depositary function in relation to private equity funds/alternative funds.
• Able to operate in a dynamic and international environment, results focused.
• Strategic mind-set and strong analytical skills.
• High attention to detail and a strong risk management mindset.
• Team player, people motivator and strong management skills.
• Excellent presentation skills, with an ability to communicate clearly and concisely in English/French, both orally and in writing; knowledge of another European language is an advantage.

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe this role is right for you.

What you’ll get in return:

Not only is HSBC a great place to work, but we also offer the following unique and exciting opportunities and benefits!

HSBC has been certified “Top Employer 2024” in Europe. This recognition from the Top Employers Institute rewards our HR practices and recognises HSBC as an HR Leader in France, Germany, Italy, Luxembourg, Poland and Spain. HSBC in France has been certified with LinkedIn Top Employer 2024 for Finance, recognising our team as a great place to work within the Finance industry.

A unique and flexible working environment:

• Advantageous remote working agreement
• Diversity and Inclusion is at the heart of our business: joining HSBC will give you the opportunity to work in a collegiate and supportive environment
• You’ll be able to join our Employee Resource Groups that bring together colleagues with shared characteristics and common interests
• Usual local benefits (refund of transport fees at 50%, 5 weeks of paid vacation + RTT)
• Family events days off, additional maternity or breastfeeding leave, advantageous paternity leave, parental presence or dependency support leave (for child or parent with disability)
• A Time Savings Account to monetize your untaken off days (CET)

Family benefits:

• Partial reimbursement of childcare costs
• Various bonus (birth bonus, back-to-school bonus for your children up to 25, parental bonus)
• An allowance for parents of children with disabilities
• Possibility to work part-time

Financial benefits:

• A company savings plan and a savings plan for collective retirement
• Meal voucher card or corporate restaurant depending on your place of employment
• Mutual insurance for you and your family, and a pension contract to protect your loved ones
• A loyalty bonus and a long-service medal rewarding seniority
• Holiday vouchers based on your reference tax income
• CESUs (for tax purposes) if you are disabled or if you have a disabled child, spouse or parent
• A Work Council which offers, among other things, ticketing, travel, sports, legal aid, etc.

Personal development benefits:

• Access to our Degreed platform (learning platform above all, that you can use to discover learning content, develop skills, and successfully meet new business challenges)
• We’ll help you progress your career, including access to development programmes, mentoring and coaching, as well as world-class training through HSBC University
• We’ll give you access to resources that support your mental, physical, and social well-being

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.
If you have a need that requires accommodations or changes during the recruitment process, please let us know.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

For further information on building your career at HSBC, please visit: www.hsbc.com/careers