(Senior) Operations Analyst - AIF Depositary (M/F)

BIL is a leading player in Luxembourg's financial market. Founded in 1856 as the country's first bank, BIL has contributed significantly to the development of Luxembourg's social and economic landscape. Today, BIL operates across digital banking, wealth management and corporate finance, supporting individuals, entrepreneurs, businesses, and both private and institutional investors. Headquartered in Luxembourg, BIL employs more than 1,800 people and maintains a presence in key financial centers including Luxembourg, Switzerland, France and China. As a major player in Luxembourg's finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.

In its capacity as Depositary bank for Alternative Investment Funds (AIFs), Banque Internationale à Luxembourg SA (BIL) provides investor protection, through overseeing the general administration of the funds, the safekeeping of the fund's assets, the ownership verification and record keeping of other assets as well as the monitoring of the cash flows. Your role is to ensure that all depositary duties and obligations are performed in accordance with the applicable regulation.

Your next challenge:

• As part of the AIF Depositary team you will be responsible for safekeeping and verifying the ownership of the AIFs assets, monitor cash flow activities and perform oversight controls.
• You will need to ensure that the procedures and controls comply with the applicable laws and keep up to date with legislation, professional standards and regulatory changes.
• You will perform due diligences on fund service providers and be involved in on-site inspections.
• Attending periodic client service meetings will also be part of your activities.
• You will maintain and enhance depositary procedures, review programs and checklists.

Your Profile:

• Minimum 7 years of experience within the banking and financial services industry, including significant exposure to the Luxembourg fund industry.
• Bachelor's or Master's degree in Finance, Business Administration, Audit, Law, or a related field.
• Fluent in English, both written and spoken. French and/or German would be considered a strong asset. Any additional language will be viewed favourably.

You possess excellent knowledge of:

• AIFMD and the Luxembourg regulatory framework applicable to investment funds.
• The role and responsibilities of a Depositary Bank.
• Alternative asset classes, including Private Equity, Private Debt, Real Estate and Infrastructure.
• Operational risk assessment, monitoring and process enhancement.
• The key drivers, developments and trends shaping the European fund industry.

You have a strong understanding of:

• Banking organisations, operational workflows and risk management frameworks.
• Financial products and services, including cash and treasury management, securities services, financing and capital markets solutions.
• Microsoft Office applications.

The following would be considered a strong asset:

• Experience within an AIF Depositary function, particularly in investment restriction controls.
• Professional certifications in audit, internal control and/or risk management.

Personal competencies:

• Strong team player with an entrepreneurial mindset and a collaborative, supportive attitude.
• Excellent presentation, interpersonal and communication skills, both written and verbal.
• Strong analytical capabilities combined with conceptual and strategic thinking.
• Well-organised and results-driven, with the ability to deliver high-quality work within deadlines and effectively manage priorities.
• Accurate, flexible and hands-on, with the ability to perform effectively in a fast-paced environment and under tight deadlines.

BIL offers a broad range of challenging projects and a huge choice of career paths .We will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.

NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.