$ads={1}
Categories
Other, SEB Global Services
4 August 2023
Location
Luxembourg
About SEB in Luxembourg
The overall ambition for SEB in Luxembourg is to excel as SEB’s cross-border centre of excellence for private and institutional customers, while staying relevant in a continuously changing customer behaviour and regulatory environment. We strive to deliver world-class service by strengthening the customer experience, growing our international customer base, and transforming the way we operate to secure a profitable future business.
SEB Investor Services Luxembourg is the business unit responsible for the depositary function and the global custody product for institutional clients. Our client segment consists mainly of Luxembourg domiciled investment funds and some large corporates.
SEB Luxembourg branch serves as the hub for private banking services to Nordic nationals living abroad. It is also the base for many of SEB’s funds and offers global custody and related depositary services to financial institutions. We are around 150 employees with over 20 different nationalities. Our institutional global custody product covers around 80 markets.
About the Position
We are currently looking for a Head of Depositary Services and Oversight on a permanent basis. The position will report locally to the Head of Investor Services and to the Head of Depositary Services and the Head of Global Custody in the SEB Group.
As Head of Depositary Services and Oversight, your main responsibilities will include:
- Being responsible for the day-to-day management of the Depositary team which includes:
- fit and proper design of the depositary model in Luxembourg
- strong focus on regulatory compliance
- efficient process design, scalability
- alternative/real assets servicing model
- collaboration with SEB internal teams
- analyse and implement new rules and regulations in a robust, efficient, and audit-proof way
- lead through example and empowerment
- be comfortable in managing cross-functional agile teams to further enhance and develop our offering, products and processes based on the strategic agenda.
- Supporting the department head including taking over tasks and responsibilities, such as:
- regulatory reporting
- audit reports
- due diligences questionnaire response
- design of the department control framework
- AML/KYC compliance
- leading CSSF visit preparations
- Taking over general department responsibilities and lead projects allocated to the department
- Performing stakeholder management within SEB Luxembourg and SEB Group including global custody, control functions and other areas
- Leading and/or supporting all sales activities, including
- meeting preparations and participations
- depositary contract negotiations
- fee agreements and
- act as sponsor for new clients towards the SEB Group.
You will stay close to global relationship management and participate in internal sales meetings. You will be involved in client onboarding including KYC/AML identification and supporting the client service management team in the account opening process. Travel to the SEB headquarter and other SEB sites may be required.
As Team Head you will also act as escalation point towards the internal and external customers and represent the depositary function and the department overall in senior internal forums and in client meetings.
Your profile
You are a highly motivated person with strong managerial experience ideally proven in a previous senior role and the following requirements:
- strong experience in managing budget and cost targets
- strong project management skills and experience in project management techniques
- a proven track record with sales activity and a strong
- strong understanding of Luxembourg funds structures, the role of a Luxembourg depositary bank
- strong and solid knowledge of the roles and responsibilities of the main parties involved in servicing investment funds.
You acquired a university degree in Business Administration, Mathematics, Accounting. Law or similar and have 10+ years of experience in the investment fund industry, advisory, audit or similar. Your communication skills are excellent, and you are fluent in English (both written and spoken). Knowledge of a Nordic language and strong Excel skills are considered a plus.
Further,
- You have the drive to design efficient, risk controlled and robust processes
- You are not afraid to “turn over stones” and to question existing processes
- You are self-driven, eager to learn, solution orientated
- You have a great sense of risk management
- You know how to prioritise, execute, and delegate tasks in a hectic and challenging environment.
You are comfortable in working with cross-functional agile teams to further enhance and develop our offering, products and processes based on the strategic agenda for Investor Services globally.
You are client driven, service minded and demonstrate strong organizational skills, with attention to detail and ability to work autonomously but at the same time act as a team-player. You like multicultural and professional environments, and you have a precise and rigorous approach to work.
You are a collaborative team-player with good communication and presentation skills. You have a good knowledge of the Microsoft 365 applications.
Ready to join?
If you think that you could be the right candidate for this role, please send your application with a Cover Letter and CV in English as soon as possible, but at the latest on August, 4th 2023.
All applications will be treated in the strictest confidentiality.
At SEB, we have always believed that the future depends on turning great ideas into reality. Ever since we welcomed our first customer in 1856, we have been a catalyst for positive change by providing responsible advice and capital to people with ideas for the future. Grounded in our long history and strong heritage, we want to create long-term value for all our stakeholders by being curious about what the future holds. We have a strong ambition to accelerate the pace towards a sustainable future for people, businesses, and society. Our skilled and dedicated employees stand by our customers in good times and bad and offer financial products and services that meet their ever-changing needs – both in our home markets in northern Europe and through our international network around the world.
Read more:
https://sebgroup.com/
$ads={2}
