דרושים ב-Bank Of America ב-Luxembourg

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• Perform the key tasks of cash flow monitoring; oversight on i) transfer agent ii) fund administrator iii) income distribution iv) investment restrictions v) timely settlement;safekeeping/recordkeepingand ownership verification.
• Review the work of the team and ensure all established Depositary procedures and controls are completed accurately and in a timely manner.
• Assist with annual on-site reviews of the fund administrator, transfer agent and managers.
• Ability to cover all funds within the team when required.
• Demonstrate a comprehensive understanding of most common Luxembourg AIF and UCITS fund structures and critically impacting Luxembourg Depositary considerations.
• Support the Depositary Management in the expansion of the Depositary team.
• Interact with colleagues, peers and superiors in a way that ensures the ‘end goal’ is achieved in a productive way.
• Support the workflows of the team – including adherence to all mandatory training requirements and ensuring the area is operating to high standards.
• Excellent communication and analytical skills with keen attention to detail.
• Train and mentor new staff.

• 1 to 3 years depositary / fund administration experience.
• Knowledge of UCITS/AIFMD regulations.
• Fluency in English Language (both verbal and written) essential.
• Strong oral and written communication skills.
• Excellent interpersonal with customer focus.
• Strong organizational and administrative skills.
• Individual who takes initiative and ownership of assigned responsibilities.
• Positive ‘can do’ attitude with excellent problem-solving skills.
• Detail-oriented.
• Team player.
• Ability to multi-task, prioritized work and manage time to maximize efficiency and to meet strict deadlines;
• Flexible / Adaptable.
• University degree, preferably in Accounting & Finance or Economics.

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Reports To:

Transfer Agency Manager

Investor Onboarding

• assist with the management of the daily operations of the Transfer Agency team
• ensure that all relevant responsibilities are carried out and prioritised in accordance with deadlines
• implement new or enhanced procedures or processes as required in line with updated regulations / client requirements
• maintain oversight and follow up in relation to outstanding matters and escalate as appropriate
• assist with client due diligence visits
• client communication and point of contact for escalation

AML

• provide oversight of new investor account opening to ensure compliance with AML and FATCA/CRS requirements
• assist the Transfer Agency team and provide guidance on AML and FATCA requirements
• act as primary contact for more complex and high risk AML cases for clients and direct/indirect reports
• oversight of the review of AML on a trigger event basis or as part of a cyclical review process
• review AML outstanding on a monthly basis and reporting and escalation of aged items
• carry out remediation of AML documentation where necessary
• responsible for adverse media and PEP screening to ensure alerts are adequately investigated and the rationale for clearing is documented appropriately and on a timely basis
• oversight of transaction monitoring programme and ensure alerts are adequately investigated and the rationale for clearing is documented appropriately
• completion of annual FATCA/CRS filings

Other TA activities

• Processing Capital calls and distributions;
• Processing investors re-balancing/equalisation
• Processing and confirming subscriptions, redemptions, switches and transfers;
• Processing payments;
• Applying the Net Asset Value to investor capital activity for daily / weekly / monthly Funds;
• Reconcile subscription accounts on a daily basis;
• Completing audit requests for investor accounts;
• Assist in the compilation of client Board Reports;
• Act as mentor to Junior Analysts;
• Gain an understanding of incentive fee calculations;
• Adhere to all processing procedures and controls;
• Act as primary contact for both client and investor queries and act as host for client service calls and monthly board calls;
• Ensure client month-end reporting deliverables are being met;
• Gain an understanding of all funds across the team in order to provide coverage when required;

Requirements:

• 3rd level qualification
• minimum of 3-5 years’ experience in Transfer Agency / Onboarding

• extensive knowledge of AML
• excellent organisational skills and a high attention to detail
• excellent PC skills (good knowledge of Microsoft Excel and Word essential)
• self-motivated, innovative and analytical
• ability to work well as part of a team
• excellent client communication skills
• team leadership skills

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Reports To:

Transfer Agency Manager

Responsibilities

• Processing Capital calls and distributions;
• Processing investors re-balancing/equalisation
• Processing and confirming subscriptions, redemptions, switches and transfers;
• Processing payments;
• Applying the Net Asset Value to investor capital activity for daily / weekly / monthly Funds;
• Reconcile subscription accounts on a daily basis;
• Completing audit requests for investor accounts;
• Assist in the compilation of client Board Reports;
• Gain an understanding of incentive fee calculations;
• Adhere to all processing procedures and controls;
• Act as primary contact for both client and investor queries;
• Ensure client month-end reporting deliverables are being met;
• Gain an understanding of all funds across the team in order to provide coverage when required;

Requirements:

• 3rd level qualification
• minimum of 1-3 years’ experience in Transfer Agency / Onboarding

• excellent organisational skills and a high attention to detail
• excellent PC skills (good knowledge of Microsoft Excel and Word essential)
• self-motivated, innovative and analytical
• ability to work well as part of a team
• excellent client communication skills

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• Serve as an initial point of contact for a number of clients.
• Ensure all established fund accounting reconciliation and workflow based procedures and controls are completed accurately and in a timely manner.
• Work with wider team to ensure reconciliations / NAV’s are competed consistent with standard operating procedures.
• Ability to provide hands on cover for all funds within the team when required.
• Assist in the delivery of quarterly/other ad-hoc client reporting requirements.
• Assist in the timely delivery of annual year-end audit and financial reporting requirements.
• Attain working understanding of Private Equity/Debt, Hybrid and Alternatives portfolio investments, most common Luxembourg AIF fund structures and critically impacting the financials of the Fund and its entities under Lux GAAP/IFRS/US GAAP including any related tax considerations.

• A minimum of University Degree in economics, in finance, in accounting, in banking or in business is required.
• Ideally 1-2 years work experience in a role with exposure to facets of data handling/ analysis, numeracy, accounting and finance
• Knowledge and/or experience in Lux GAAP and/or IFRS. US GAAP knowledge and experience is an advantage.
• Knowledge and/or experience of performance fee/waterfall calculations, capital calls and distributions preferred but not essential.
• Knowledge and/or experience of Luxembourg SPV, holding companies and financing vehicles.
• Knowledge and/or fund accounting experience of Luxembourg UCITS funds.
• Knowledge and/or experience of Advent Geneva/World Investor or other leading AIF platforms is an advantage.
• Knowledge and/or experience of Luxembourg SPV, tax and trust environment preferred.
• Strong oral and written communication skills.
• Fluency in English Language (both verbal and written) essential. Any additional language is considered an advantage.
• Individual who takes initiative and ownership of assigned responsibilities.
• Positive ‘can do’ attitude with excellent problem solving skills.
• Detail-oriented.
• Team player.
• Strong organisational and administrative skills.
• Ability to multi-task, prioritise work and manage time to maximise efficiency and to meet strict deadlines.

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Role Description:

• You will be responsible for execution the Global Compliance and Operational Risk (GCOR) Program in the country, delivering each element on time, and to the required standard, including the effective review and challenge of Front-Line Units and Control Functions.
• Proactively engage with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage to support in providing comprehensive oversight of the business’ respective operations and activities.
• Preparing materials for C&OR regulatory exams/audits/inquiries and supports in providing consultation to Front-Line Units / Control Functions.
• The focus of this role is to conduct a 2nd line of defense oversight of different businesses, participate in the development of compliance and operational risk procedures, assist in management routines, reporting, assist in compliance and operational risk issues.
• The role is part of the Compliance Function of the BofA Europe DAC, a significiant financial institutions, headquartered in Dublin and member of the EU Country Compliance & Operational Risk team.

Responsibilities:

• Support in development and maintenance of C&OR-owned policies, standards and procedures and/or oversight of business-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive conduct risk where applicable.
• Monitor the regulatory environment to identify regulatory changes applicable to areas of coverage, advise on those changes, support in directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; support in maintaining a comprehensive regulatory inventory.
• Support in performing compliance and operational risk reviews and assessments.
• Monitoring, testing and working with Testing and surveillance teams.
• Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and perform thematic analysis on business-owned issues and control enhancements.
• Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely.
• Contributes to development of risk coverage plans, executes monitoring, testing, risk assessments, communicates results to stakeholders.
• Reviews and challenges to business processes, new products, risk identification, control inventory and Risk & Control Self Assessments.
• Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls.
• Support in ensuring metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation.

What we are looking for:

• Knowledge and experience at a global financial institution(s) (involvement in Compliance or Risk Management preferred) or regulatory background.
• Experience in working with international, cross-border teams.
• Understanding of compliance and risk management frameworks in the European Union.
• Solution driven, confident, highly motivated and able to work independently.
• Demonstrate intellectual curiosity and focused on continues learning and skill development.
• Must be fluent in German and English.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.