Depositary Oversight Specialist

at  Pictet

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.
As part of the Depositary Oversight team, you will be involved in the execution of the regulatory oversight duties of depositary of collective investment schemes (UCIs). As the Depositary Oversight team is accountable for the results of its controls to the management bodies of the UCI and the supervisory authorities, you will be required to act as their contact person in this area.

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.

Taking part in all monitoring and control activities of the team relating to the oversight missions of the depositary:

• Carrying out the monitoring and control measures set out in the Depositary Oversight control plan in the following areas of oversight :
• Compliance of the UCI’s instructions/investment decisions
• Valuation of the assets and calculation of the UCI’s NAV
• Handling of subscriptions and redemptions of UCI units/shares
• Distribution of the UCI’s income
• Timely settlement of the UCI’s transactions
• Managing regulatory escalation processes.
• Being involved in the regulatory due diligence required for some of the UCI’s service providers (central administration, external valuer, AIFM/management companies).
• Contributing 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.
• Contributing to the risk/feasibility/compliance analysis to be carried out when accepting new UCI depositary mandates or significant changes in existing mandates.
• Performing and keeping up-to-date the depositary risk assessment /scoring for each UCI/sub-fund for which the Bank is acting as depositary and ensuring on this basis that appropriate oversight procedures are then implemented and applied.
• Helping to maintain the depositary monitoring and control framework and, if required, defining new tasks of controls deemed necessary.
• Assisting with the regulatory watch of the role, responsibilities and best practices of UCI depositaries and helping to ensure compliance with the regulatory framework.