Distribution Oversight Officer

Why join us

Embark on your new adventure at Euroclear, and work at the heart of the global capital markets. We connect over 2,000 financial institutions across the globe. As an open and resilient infrastructure, we contribute to the stability of the financial markets. We help clients cut through complexity, lower costs, and mitigate risks of financial transactions. At Euroclear, we have the clear ambition to use our key role to facilitate and accelerate a sustainable global financial system. 

What We Offer:

• Work closely with inspiring, supportive and engaged colleagues from more than 80 different countries. 
• Practice your talents in a highly professional international environment. 
• Join a learning and development environment with an emphasis on knowledge sharing and training.
• Competitive salary and comprehensive benefits.

Ways of working

Find your own optimal balance within our hybrid working model, where you can connect at the office 8 days a month and also benefit from remote working. 

Great Place to Work for All

We are committed to creating an inclusive culture that celebrates diversity and strives to be a Great Place to Work for All. All qualified applicants will be considered for employment, regardless of any aspect that makes them unique (including race, religion, national origin, gender, sexual orientation, age, marital status, pregnancy, disability, ...). If you need any specific accommodation due to disability or any other reason, you can let the recruiter know during your application process. Our values guide how we work together and shape our future:

Job Description:

The Distribution Oversight team is part of the Commercial division at Euroclear Bank and is responsible for ensuring that fund distributors contracting with Euroclear Bank comply with internal fund distribution policies and procedures. The Distribution Oversight team together with the KYC team act as the first line of defence to protect Euroclear against reputational and regulatory risk.

The team has a central intermediary function, sitting at the core of the distribution oversight framework and supporting the strength and competitiveness of Euroclear’s network of distributors.

Role:

We are seeking a Distribution Oversight officer to support the implementation of the distribution oversight framework for existing and future fund distributors. This role will play a key part in ensuring that fund distributors meet Euroclear’s internal requirements throughout the business relationship.

Key Responsibilities:

• Carry out initial and on-going due diligence on fund distributors in line with the distribution oversight framework;
• Monitor and record relevant information impacting fund distributors’ risk profile;
• Follow up with fund distributors on queries pertaining to the performance of due diligence and risk assessment;
• Escalate to relevant stakeholders the cases requiring further scrutiny and investigation;
• Liaise with internal stakeholders (e.g. Distribution Oversight Manager, Compliance, AML, Client Service, etc.) to ensure proper communication of information on fund distributors’ profile as required;
• Monitor the distribution activity on an ongoing basis through KPIs (i.e. key performance indicators) and report them to Fund Management Companies and internal stakeholders.

Qualifications:

• First professional experience in finance, particularly financial crime and the fund industry;
• Ability to work independently and collaboratively in a team environment;
• Attention to detail, strong analytical and research skills;
• Analytical mind with ability to challenge the status quo;
• Excellent written and verbal communication skills;
• Knowledge of the main regulations within investment services and the fund industry (e.g. MIFID, UCITS, AIFMD);
• Fluent in English.

Key Skills

• Critical thinking and problem-solving
• Strong time management, ability to prioritize tasks and be flexible
• Discretion in handling sensitive information
• Proficiency in Microsoft Office 360