Société Générale Securities Services (SGSS) is part of Global Banking & Investor Solutions (GBIS), a key pillar of Société Générale’s universal banking model. SGSS is among the top ten global custodians, and the 2nd largest in Europe, employing over 4,000 staff in 28 locations.
SGSS has 4 primary divisions:
- SBO – Securities Banking Operations
- FSO – Fund Services Operations
- CML – Coverage, Marketing and Liquidity Management
- CAO – Support functions
SGSS has been active in Ireland for 20 years and is a leading player in servicing Irish domiciled and offshore collective investment vehicles. We act as depositary for a wide range of international clients who manage UCITS, Alternative Investment Funds including private equity and real estate structures, hedge funds and special purpose investment vehicles. We can offer a full suite of Fund Administration and Transfer Agency Services through our sister company. Our primary objective is to assist our clients achieve their investment objectives supported through our local and global custody service divisions.
Reporting to the Trustee Manager, the V.I.E. Trustee Administrator is responsible for overseeing legal and regulatory compliance with regard to Irish and non-Irish domiciled funds. The role of the Trustee is to act independent of the Fund and its Management Company and ensure the Fund is being managed in accordance with its constitutional documentation, the Regulations and in all other material respects.
A key consideration of this role will be the opportunity to be involved in various initiatives designed to enhance the Depositary’s operational control environment. Responsibilities will be centered around the following pillars:
Portfolio compliance
• Investment & borrowing restriction monitoring
• Concentration and leverage calculations
• Breach register maintenance
Cash Flow Monitoring
• Identification of significant and inconsistent cash flows
• Eligible credit institutions
•Third party cash account monitoring
Net Asset Valuation (NAV) Oversight
• Income calculation and distributions
• Share class hedging calculations
• Performance/incentive fee calculations
• Trial Balance/Portfolio Valuations analysis
• Contribute to the on-site visits of fund delegates and to the issuing of final reports
Asset Safekeeping
• Ownership verification - securities held outside the depositary’s traditional safe-keeping arrangements
• Real Estate and Private Equity structures
Client Service / Reporting
• Assist with preparing responses to client queries
Project Management
• Assist with workflow development and enhancements
Due to the VIE eligibility criteria a questionnaire will be provided. Please make sure to answer all the questions for an efficient analysis of your application.
Please note that for the missions outside the European countries, a VISA is necessary. Please make sure your passport is valid up to 6 months after the end of the VIE contract to not delay your departure. Otherwise, we strongly advise you to launch asap the renewal of your passport.
PLEASE NOTE that since this program is primarily an international development program, candidates cannot apply to a VIE assignment in their own country of citizenship.
To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English.
Studies & experience:
• Graduate with a Master degree from Business/Engineering School or University with a specialization in Mathematics/Business or Finance
• A previous experience in Financial Services and/or Trustee/Custody/Compliance would be appreciated
Language skills:
• Fluent in English (B2-C1)
Technical, operational & Soft skills:
• Proficient/Good command of MS Office (VBA is an advantage)
• Good communication and presentation skills
• Good time management & organizational skills
• Good numeric & analytical skills with strong attention to detail
• Ability to work independently and as part of a team
• Solid understanding of financial instruments and stock markets
• Desire to learn new skills with a continuous improvement attitude
• Be self-motivated with a structured and determined approach to work, and show a willingness to take ownership of problems and an ability to communicate with clients and colleagues at all levels
The VIE assignment in a nutshell
This VIE in Ireland is to begin as soon as possible but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last 18 months. The VIE is a specific contract, under Business France’s eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information (including your financial indemnities), please see Mon VIE-VIA Business France.