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Head Representative and Paying Agency, Assistant Vice President

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State Street

Dec 6, 2024

  • Job
    Full-time
    Senior & Expert Level
  • Legal
    Banking & Finance
  • Zurich
  • Quick Apply

AI generated summary

  • You need experience in a custodian bank or investment management, knowledge of Swiss regulations, and fluency in German and advanced English.
  • You will negotiate agreements, examine fund documents, support KYC/AML processes, clarify laws, manage customer relationships, lead the team, and oversee regulatory compliance and invoicing.

Requirements

  • Experience in a custodian bank or/and in portfolio compliance, investment controlling, risk- or asset management.
  • Good understanding of the general investment environment, different investment instruments and markets.
  • Knowledge in the Swiss legal and regulatory environment (KAG/KKV/KKV-FINMA/BVV2)
  • Fluent in German (written and spoken) and advanced knowledge of English

Responsibilities

  • Support in negotiating and drafting agreements such as Representative, Paying Agent or Distribution Agreements
  • Examination of fund prospectuses including contracts for collective investment schemes under foreign and Swiss law
  • Preparation and submission of applications to FINMA regarding the representation of foreign collective investment schemes
  • Support with KYC/AML verification of customers
  • Independently answering legal questions from customers with the support of the Legal Team
  • Clarify new laws and their impact on the bank's everyday business
  • Support in the implementation of new laws and, in some cases, selective monitoring of individual regulatory projects
  • Help with the implementation of new laws, guidelines or general changes in the financial center into the business process
  • Control of fund documents such as prospectuses, fund contracts, KIIDs and annual reports as well as marketing documents
  • Independent support of customers
  • Support in developing a strategy for customer acquisition in the area of agent and paying agent business
  • Supporting the invoicing and administrative process
  • Responsibility of the Representative and Paying Agent department
  • Team leadership
  • Managing relationships with existing customers and potential customers
  • Relationship and reporting to management
  • Regular contact and consultation with the local legal manager
  • Participation to different meetings (regulatory meeting)

FAQs

What is the job title for this position?

The job title is Head Representative and Paying Agency, Assistant Vice President.

Where is the position located?

The position is located in Zurich, Switzerland.

What type of work model is available for this role?

This role can be performed in a hybrid model, allowing a balance of work from home and the office.

What are the main responsibilities of the Head Representative and Paying Agency?

Key responsibilities include negotiating and drafting agreements, examining fund prospectuses, preparing applications to FINMA, supporting KYC/AML verification, clarifying laws and their impact, controlling fund documents, managing client relationships, and leading the Representative and Paying Agent department.

What qualifications and experience are preferred for this position?

Preferred qualifications include experience in a custodian bank or in portfolio compliance, knowledge of the Swiss legal and regulatory environment, a good understanding of different investment instruments, and fluency in German and advanced knowledge of English.

What skills are valued for success in this role?

Important skills for this role include the ability to work under pressure, strong organizational and analytical skills, attention to detail, and management capabilities.

Are there opportunities for career development?

Yes, there are various development programs and educational support available to help employees reach their full potential.

Does State Street offer benefits to its employees?

Yes, State Street offers a competitive and comprehensive benefits package, which includes medical care, insurance, savings plans, and flexible work programs.

How does State Street approach diversity and inclusion?

State Street values diverse backgrounds and experiences to create an inclusive environment, and actively engages in social responsibility efforts.

Is prior knowledge of investment compliance necessary for this role?

Yes, a good understanding of the investment environment and compliance is necessary for the position.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
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Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.