Alternative Asset Monitoring Senior Officer

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector with <2,000 employees across 40 European and UK locations; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. We are a bank headquartered in Luxembourg and supervised by the ECB with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes. 

Acting as a trusted partner for more than 400 Investment Sub-Funds, Quintet Luxembourg offers a comprehensive range of Depositary Bank services with teams specialized in alternative assets (private equity, private debts, real estates and infrastructure) and traditional assets (i.e. equities, bonds, Funds or derivatives). Part of the Depositary function, the team Alternative Asset Monitoring performs ownership verification and recordkeeping for assets that cannot be held in custody. The Senior Officer of Alternative Assets Monitoring is responsible for a portfolio of clients investing in alternative assets, including complex structures, such as real estate, infrastructure, private debt and equity

Key Accountabilities

• Assess the complexity of Funds strategies (private equity, real estate, funds of funds and other alternative structures) in order to determine how to apply appropriate assets monitoring        
• Ensure the day to day Depositary tasks in relation to Alternative Investment Funds is performed in accordance with regulatory requirements and internal procedures    
• Process the transactions based on the documentation required (pre and post trade) in relation to the recordkeeping duty            
• Apply and document the look-through assessment for multi-layers investments        
• Complete and maintain the recordkeeping of alternative assets in Quintet Depositary systems    
• Ensure frequent reconciliation of portfolio is performed and supervise client’s investment during their life cycle                
• Prepare the alternative assets inventory for fund auditors in the frame of annual confirmation of assets.            
• Build strong relationship with clients and setup frequent meetings, to facilitate the reception of required information, exchange on all operational matters relating to their investments, and proactively be informed about investments pipeline        
• Provide support and guidance to Alternative Assets Monitoring officer in their day to day tasks    
• Ensure Quintet complies with the AIFMD requirements and keep up to date with legislation, professional standards and regulatory changes affecting the Luxembourg    

Knowledge and Experience

• Further professional Education (Masters / Professional qualification)
• Between 3 and 5 years experience in a similar role

Attributes and Qualities

• Attention to Detail
• Critical Thinking & Problem Solving
• Adaptability & Learning Agility
• Client-Centric Mindset
• Decision Making    

Technical Skills

• Strong knowledge of Luxembourg Investment Fund Legislation and depositary duties/responsibilities in particular related to AIFM Directives    
• Strong understanding about alternative investments
• Previous Depositary Bank Fund Industry experience
• Good communication skills, able to interact confidently with clients    

Languages Skills

• Fluent in English and French