Network Manager

Job Title :Network Manager

Division :

Network Management is responsible for the creation, development and maintenance of market links and investment funds domiciles from a servicing, risk and contractual viewpoint, and the selection and management of domestic and international agents, service providers and financial market infrastructures, including maintaining and negotiating clearance and settlement custodial and cash services.

The department is responsible for

• All EB and ESES links,
• creating new and maintaining existing relationships with service providers and market infrastructures (CSDs, Transfer Agents, financial market authorities,...),
• developing new and reviewing current services in cooperation with other business units (service ’users’) to assess where services need to be changed or enhanced (as a result of markets changes, in support of competitive positioning and/or to ensure compliance with regulation) and implementing those,
• negotiating contracts with new service providers/market infrastructure and revisions to existing service agreements, and maintaining all relevant documentation (eg. Market documentation, new account opening and closing, bank mandates and related compliance/account structure documentation).

Team

Within the Network Management department, the open posting relates to the Investment Funds Agent Network team, which is a key contributor to the delivery of Euroclear’s FundsPlace Strategy, one of the key strategic growth areas for Euroclear.

The key roles of the Funds Agent Network team are to :

• Own the Funds Transfer Agent relationships across the world, their establishment and the continuous monitoring. This includes handling of structural escalations e.g. related to the non-performance of a given provider. It also covers funds market expertise across almost 30 countries.
• Establish relationships with the Fund Management Companies, mostly the TA oversight functions as a lever to understand market trends and changes and a partner to get changes from the administrators
• Communicate on the strategic positioning of FundsPlace locally and globally by participating or contributing to industry initiatives on harmonization, automation, and ensuring we are relevant to the industry;
• Drive several projects with the Transfer Agent and Fund Management community such as AML/KYC, CSDR, CPMI IOSCO, GDPR, STP, etc
• Contribute to make the Euroclear FundSettle services evolve (through new markets, new services, etc) in very close collaboration with Product Management, Commercial, Legal and Operations teams
• Ensure all above takes place in a well-controlled environment internally and towards external stakeholders

In order to answer to the growing demands of clients and the growing network of providers, Network Management is constantly looking at ways to improve existing relationships as well as to establish new relationships which would add to the competitiveness of EB. Driven by the current challenging context, increased regulatory requirements and strong focus on risks as well as our strategy to be a one stop shop across instruments, Network Management is looking to reinforce its Funds Agent Network team with a Senior member.

Roles and Responsibilities

Are not limited to the below but will include the following:

• Stimulate ideas to proactively and constantly increase the ANM internal and external value creation
• Support, manage and successfully deliver projects.
• Will deliver presentations on Network aspects like market insights, risk analysis,…
• Acquire of market knowledge and risk focused mindset.
• To assess, understand and anticipate risks inherent to the set up and functioning of the various funds relationships and pro-actively address and mitigate those risks.
• Collaborate with other divisions like Product Management, Operations, Commercial, Legal… to develop and actively contribute to the Funds service developments.
• As manager, you will also interact and collaborate with the key internal counterparties: the Operations teams, the Product Managers, Legal and Risk and Compliance
• As a representative of the Network Department, you will contribute to the creation of a controlled, supportive and high performing environment in the team.
• Collaborate with the Network Risk team and the Core RM team to foster synergies and stimulate convergence in the department
• An efficient and proactive management of the Transfer Agents and Fund Management Companiesunder your responsibility ensuring Euroclear feels comfortable with its network of providers at any moment in time through active monitoring of the providers (service levels, due diligence, risk, account set up, etc). You will need to assess, understand and anticipate risks inherent to the set up and functioning of the various funds market links and the different funds Transfer Agents, and pro-actively address and mitigate an such risk.
• Building a comprehensive understanding of the structure and operating mode of the providers and the markets under your responsibility. Monitor, understand and adapt to any market changes and their impacts on Euroclear‘s service offering and risk profile.
• Having a sound understanding of Euroclear’s funds service requirements and liaising with non-standard stakeholders such as market associations, etc in order position Euroclear as a key player in the funds industry
• Leading, coordinating and implementing any Transfer Agent or Fund Management Company specific projects or change (ie contract changes, change of set up, new platform)
• Assisting the Product Managers and Commercial in their sales process in responding to new business opportunities as well as performing analysis and positioning of service providers.
• Capturing, translating and adapting swiftly to changes in the markets or regulations
• Contribute to the success of the Network Management Team through a successful participation to the network evolution and supporting the other team members
• Delivering presentations, actively participating to external working groups or conferences

Required Qualification:

Technical

• Knowledge of Euroclear products and business expertise on the structure and functioning of securities markets
• Strong awareness of EB key compliance, risk and Legal policies and role as FMI
• Awareness of regulatory environment (eg CSDR, Mifid, AIFMD, GDPR, etc)
• Investment funds expertise is a plus

Soft Skills

• You speak English and have excellent communication skills : assertive and diplomatic, which supports you to build and grow strong, trustworthy and long term relationships with a wide variety of external stakeholders.
• Relationship, networking, negotiation, influence are your natural strengths.
• Excellent presentation skills. Be able to represent Euroclear Bank externally
• You are a negotiator and get to your goals in external facing meetings
• Excellent interpersonal communication skills both orally and in writing and adapt to the audience in order to cope adequately with the significant contact both internally and externally and various seniority levels
• A previous experience in a relationship domain is a plus

Analysis, methodology and organization

• Analytical skills and problem solving supported by solid basis of critical thinking and ability to step back: based on market and business knowledge be able to articulate logical solution to complex problems
• Fast learner, aware of market changes, with a high level of autonomy, take initiative and experience in working on own initiatives and taking decisions
• Good organizational skills and ability to manage own time effectively.
• Team spirit, searching for end to end view by leveraging others views to come with most adequate solutions.
• Ability to make links and quickly seize impacts on providers or us
• Reliable and self-motivated

You will join a dynamic team of 40 Network Managers supporting Euroclear Bank’s and ESES global network.

Network finds itself in the heart of the action on many deliverables, part of our corporate strategy. We are in first line exposed to market changes, regulatory impacts and geopolitical specifics, making our role a very interesting and challenging one with significant exposure towards a wide variety of stakeholders.

A key success factor to continue to maintain our high performance standards as a department is our people focused approach, which sits at the center of all we do. Management supports you along your path of personal development, at every step of your journey

The network experience provides you with a solid basis, wide in scope re. EB & ESES services and products as well as strong focus on relationship management, preparing you well for future career perspectives in diverse domains.

At Euroclear we believe in an ideal balance between office and remote work toward business, team and individual needs, enhancing more flexibility, trust and individual accountability.

• An excellent opportunity to practice and develop your talents in a highly professional international environment.
• Working closely with inspiring, supportive and engaged colleagues from 80+ different countries, interacting with many stakeholders at all levels across the organization.
• A learning and development focused environment with an emphasis on knowledge sharing, training, and reskilling.
• We’re agile, we’re growing and so will you!
• Great Place to Work for All

We believe that our people are our strength. The diverse talents that our employees bring to the table, are directly linked to our global success. We are committed to creating an inclusive culture that celebrates diversity, and strive to be a Great Place to Work for All. All qualified applicants will be considered for employment, regardless of their race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, pregnancy, neurodiversity, disability, or any other aspect that makes them unique.if you need any specific accommodation due to disability or any other reason, you can let the recruiter know during your application process.