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Reporting to the Fund Compliance Manager (“FCM”), the Fund Compliance Analyst (“FCA”) supports the compliance monitoring functions entailed by the services…...
General Position Summary Reporting to the Fund Compliance Manager (“FCM”), the Fund Compliance Analyst (“FCA”) supports the compliance monitoring functions entailed by the services contracted by our clients and/or the Bank’s depositary duties. The FCA assists in the process of review of the funds in our automated systems MIG21 / CRD (Charles River Investment Management System) and the analysis of exceptions for subsequent client reporting, where applicable. All of the above tasks are carried out with the outmost objective of delivering quality service to our clients and ensuring that all deadlines are met. A key responsibility of the FCA is to ensure that a clear trail is documented at all stages of the update process. Ancillary tasks of the FCA is to support the implementation team. These tasks include the review of investment guidelines, identifying changes to the current set up, maintaining the funds’ guidelines documentation, and preparing and releasing the related client reports.
Specific Duties and Standards 1. Technical Competencies
Reviews investment compliance exceptions for all assigned funds and analyses all exceptions identified by the system in order to assess their active, passive or non-breach nature. Prepares client e-mails and obtains a sign off from the FCM for any notification sent to client. Following review, sends the e-mails to the clients. Promptly raises concerns to the FCM if he/she identifies or suspects an error in any of the reports or lists that he/she is using e.g. a system rule is incorrect.
Once an active compliance breach has been closed, calculates the impact of the gain/loss of the breach to the fund. Reports the information to the client, fund’s auditor and the CSSF (Regulator) after review and sign-off by the FCM.
Prepares the Notification Forms for reporting active compliance breaches to the CSSF. Follows-up on related tasks either internally or externally (client, auditors) upon review and sign-off by the FCM.
Documents all fund compliance breaches (both active and passive) and ensures that a clear audit trail is in place for each breach.
Based on a format and frequency agreed with clients and FCM, prepares daily, weekly, monthly client tables and other ad-hoc client reports.
Is the primary contact point for clients on fund compliance issues. Is responsible for ensuring that a premium service is provided to clients and organizes and participates in conference calls with his/her clients on an ad-hoc basis. As part of the FCA’s client focus, he/she is responsible for maintaining familiarity with, and an understanding of, his/her client’s fund documentation, automated system tests and any other information that may be pertinent to the client, with a view to the continuous improvement of client service. Supports, where necessary, the Depositary team in their oversight functions. 2. Non-Technical Competencies
Communicates effectively and efficiently with clients, colleagues, managers and other departments.
Shows good organizational skills in order to meet deadlines and to keep well-documented records.
Provides timely and professional responses to all client related and internal enquiries.
Shows a flexible approach to prioritize and execute tasks within an efficient time management.
Functions at all times as a team player to build an atmosphere of co-operation within the group. Qualifications Academic Qualification
- Degree in Finance, Business, Legal or equivalent.
Technical Knowledge
- UCITS, SIF, RAIF and ELTIF compliance regulations.
- Financial instruments.
- Good knowledge of Luxembourg Fund Industry.
- Conversant with EXCEL, WORD and other tools such as Alteryx.
Language Skills
- English mandatory, French, German and/or Italian would be an advantage.
Working Experience
- Minimum 2 years of experience working in fund compliance.
- Experience in UCITS, SIF, RAIF and ELTIF legal frameworks, Luxembourgish guidelines and ESMA regulations pertaining to the fund industry.
- Experience with analyses of Prospectus and/or investment guidelines for compliance restrictions.
About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer
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