Depositary Officer

August 23, 2023

Depositary Officer

ReferenceNL CIB 758

  • Standard / Permanent
  • NL-NH-Amsterdam
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Depositary Officer – Fulltime, Amsterdam, M/F

The position

Within Securities Services, the main role of the Depository & Fiduciary Services teams (DFS),wherever they operate, is twofold:

  • Discharge the Bank’s oversight responsibilities on the fund managers (and their trading activity) and any other stakeholders (eg fund administrators, agency lenders, clearers, collateral agents,…) relevant to the funds we are appointed trustee or depositary for;
  • Oversee the operations of any other departments of the Bank involved in its discharging its trustee or depositary responsibility, eg custody and specialist safekeeping teams.

In addition to performing post trade investment compliance monitoring in a fiduciary capacity, we offer this service in a commercial capacity in a number of markets, eg Luxembourg, France, Germany, Ireland, Singapore, the Netherlands and increasingly in the UK. This service is offered primarily to asset owners, bundled with other ‘master custody’ types of solutions.

The main responsibilities

The Depositary Officers interface objectively between the clients and the regulatory authorities and are responsible for a wide spectrum of control services including asset valuation controls, ownership verifications, NAV controls, risk and compliance controls. We look for talent who share our values of teamwork, commitment and integrity.

The main tasks and responsibilities are:

  • Analysing fund investment portfolio’s and verifying ownership (securities, derivatives & alternatives)
  • Perform controls and act as point of contact for the client with regard to cash flow reconciliation and significant cash flow identification services. Analyse fund portfolio’s and verify ownership
  • Audit depositary related operations (custody, cash management, reconciliations, fund administration, transfer agency).
  • Review and control operational Depositary services performed by international centers of excellence.
  • Monitor, evaluate and adapt internal procedures to remain compliant with the Fund rules and regulations (Wft, AIFMD, UCITS).
  • Analyze AO/IC and ISAE 3402 procedures, evaluate dependencies and where needed suggest improvements.
  • Contribute to the global operational risk management program of BNP Paribas Securities Services whilst acting as depositary and custodian.
About BNP Paribas
BNP Paribas is a leader in banking and financial services in Europe. The Group is present in 75 countries worldwide and employs more than 185,000 employees. Our Group has two complementary core activities, providing strategic strength and assuring the bank financial solidity: Retail Banking & Services and Corporate & Institutional Banking. BNP Paribas Corporate & Institutional Banking offers corporates and financial institutions financial solutions in the field of financing, risk management and advisory. Corporate & Institutional Banking aims to develop long-term relationships with her clients and accompany them throughout their business and investment strategies. In the Netherlands BNP Paribas is one of the largest and leading non-Dutch banks. Thanks to our global network combined with our local expertise, we unlock business opportunities across the world for our clients.

With a local presence in 34 countries across five continents and a global custody network covering over 100 markets, BNP Paribas Securities Services assists her clients around the world and offers them a unified service range of all asset classes. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific

The requirements

  • Masters degree in  finance or (financial) economics or controlling
  • Minimum of 5 years experience in an financial/controlling related area, within  the Fund Services field (Institutional Investors business). Experience in OTC trades, stock trades and corporate actions is a plus as well as knowledge of the AIFMD and UCITS.
  • Native level Dutch and fluent English (this is an absolute must!)
  • Strong analytical skills and understanding of fund activities and asset classes.
  • Excellent interpersonal and communication skills
  • Ability to think out-of-the-box

What we offer

This is a great opportunity to contribute to the further professionalization of Depositary Services. As a distinguished market leader in this area, we offer a challenging career opportunity in an exciting environment. You will join a multidisciplinary team and become a member of the international Depositary community. The team is ambitious and eager to optimize it’s service offering to the next level as the client portfolio is growing. We offer a varied position with an excellent benefits package tailored to your background and experience.


Do you recognise yourself in this profile? Please send your application letter and CV in English to:
BNP Paribas – Human Resources Department


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