Requirements: English
Company: VP Bank (Luxembourg) SA & VP Fund Solutions (Luxembourg) SA
Region: luxembourg, luxembourg ,
COO - Chief Operating Officer and Global Head Fund Operations
Would you describe yourself as an enthusiastic, results-oriented person with an entrepreneurial mindset? Then you''ll feel right at home here. We offer a comprehensive range of fund-related services. With our system-based, pragmatic, hands-on approach, we help independent wealth managers and family offices achieve success by making their work easier.
Your Challenge
VP Bank Ltd was founded in 1956 and, with around 1,000 employees, ranks among Liechtenstein''s largest banks. It has international offices in Vaduz, Zurich, Luxembourg, Singapore, and Road Town in the British Virgin Islands. Our core focus is solid, sustainable development for the benefit of our private clients and financial intermediaries in Liechtenstein and at our international locations. The Group also has an international fund competence center. VP Bank is listed on the SIX Swiss Exchange and has an ''A'' rating from Standard & Poor''s.
VP Bank''s Asset Servicing includes the fund management and depository bank activities within VP Bank Group. The two fund management companies VP Fund Solutions (Liechtenstein) AG and VP Fund Solutions (Luxembourg) SA, two legally independent entities, form the fund management activities. The depository bank activities include the depository bank functions of VP Bank AG and VP Bank (Luxembourg) SA. As a public limited company, VP Fund Solutions (Luxembourg) SA is a legally independent, wholly owned VP Bank subsidiary, operating since 1998.
As a ''one-stop shop'', VP Fund Solutions (Luxembourg) SA offers all the services that make up the fund business: The fund-related services range from fund formation, fund administration, risk management, custodian banking, UCITS- or AIFMD-compliant management companies and distribution support to fund brokerage and portfolio management. As a management company for UCITS and AIFs ("Super ManCo" structure) we are supervised by the Luxembourg regulatory authority, the CSSF. To support our strategic growth, we are looking for a
Chief Operating Officer and Global Head Fund Operations (COO, Conducting Officer, Member of the Executive Board)
Your challenge / the position:
- You drive definition and implementation of VP Bank Asset Servicing''s operations strategy, including (i) optimal setup across the two VP Fund Solutions locations (leveraging on group-internal services) and (ii) make-or-buy decisions.
- You drive the definition and implementation (as sponsor) of IT strategy for Asset Servicing to optimally support the pre-defined operations strategy.
- You are responsible for the day-to-day management of fund operations for all funds across all asset classes, including continuous improvement of both efficiency and quality, along pre-defined KPIs (such as but not limited to NAV timeliness, NAV errors, waiting times, operations losses, etc.) as well as defining and managing budgets for headcount, information provider, system providers etc.
- As conducting officer you represent your area of responsibility towards the Executive Committee, the Board of Directors and CSSF.
- You continuously monitor market trends, (new) system providers, technologies etc. as input for benchmarking of our own processes, and ideas for continuous improvement.
- You drive material projects for Asset Servicing as sponsor, according to defined overall Asset Servicing Roadmap as decided by the Asset Servicing leadership team.
- You represent Asset Servicing / VP Fund Solutions in the local market, including e.g. technical working groups (e.g. ALFI).
Your Profile:
- You completed your studies in economics or business administration.
- You bring 10 years + sound professional experience in operations (esp. central administration) for AIFMs / ManCos / Fund Administrators.
- You have deep and broad understanding of financial instruments, operations processes and the related regulatory environment for both UCITS and AIFs , traditional financial instruments and private market assets.
- You follow a structured approach to analyzing issues, finding alternative solutions and implementing the necessary measures.
- You act as leader for your area of responsibility, i.e. setting ambitious targets, gaining buy-in of organization and drive continuous improvements as a team.
- You are a mature personality to act as representative for the entity towards the market, prospect and existing clients, the regulator and internal (senior management) stakeholders.
- You have the ability to build a network of professional and personal contacts that enables you to implement relevant market practice in your field.
- You have a systematic and stru