Camelia Ichim
Frisange
Summary
Results-driven professional with strong analytical, communication, and teamwork skills, adept at quickly adapting to new environments and challenges. Committed to contributing to team success while continuously enhancing professional expertise. A positive attitude and dedication to lifelong learning foster an environment of growth and collaboration. Prepared to leverage these strengths to drive impactful results in a dynamic workplace.
Overview
20
20
years of professional experience
Work History
Senior Depositary Analyst Private Capital
BNP Paribas Securities Services
12.2021 - Current
- Being Client dedicated point of contact for Depositary subjects
- Maintaining Fund Profiles up to date
- Managing client communication
- Following-up escalation process
- Ensuring Funds compliance to regulation up to date
- Conducting project within Depositary and Fiduciary Services (DFS) department to improve Depositary Controls (Cash Flow Monitoring and Oversight Duties)
- Supporting DFS Depositary Controls teams in their daily tasks in order to get familiar with DFS processes and procedures
- Supporting the team in charge of the Safekeeping Follow-up and Asset Inventory production in their relationships and follow-up of exceptions with the different Safekeepers
Depositary Oversight Specialist
Citco Bank Netherlands N.V. (Luxembourg Branch)
06.2019 - 11.2021
- Managing and performing day to day depositary bank controls (cash flow monitoring, safekeeping, investment restrictions and segregation) in accordance with AIFMD requirements
- Depositary services for the private equity and real estate fund clients
- Assessing the complexity of the fund strategies and determine how to apply oversight controls appropriately to each fund
- Reviewing documentation (i.e. Financial Statements, prospectus)
- Conducting periodic Due Diligence on service providers/delegates
- Contributing actively in reviewing the controls framework and maintaining procedures up to date
- Preparing and presenting during the Board of Directors Quarterly Depositary Reports
Senior Depositary Analyst
The Bank of New York Mellon Luxembourg Branch
10.2018 - 04.2019
- Participating in thematic and targeted reviews across all the Depositary bank, track and close subsequent monitoring findings
- Identifying regulatory changes and assessing potential impact on the Depositary Bank control framework
- Ensuring having proper documentation in place (checklists, procedures, SLDs)
- Producing monthly Business Regulatory Control Report
- Collaborating with teams and ad-hoc queries in cross-location business (Law changes, harmonisations and projects)
- Participating in cross training with colleagues where necessary
- Cash Flow Monitoring, Oversight and Safekeeping
- Being direct point of contact for both operation & client and the management of internal and external parties relationships such as Asset Managers, Administrators, Auditors
Senior Depositary Analyst
BNP Paribas Securities Services Luxembourg Branch
10.2017 - 07.2018
- Responsible for day to day operational Depositary controls in relation to PERE/UCITS/UCITS V/RAIF and AIFMD Funds
- Ensuring compliance with regulations and internal procedures, with a focus on the following depositary duties:
- Cash monitoring, Oversight, Safekeeping
- Being the dedicated point of contact for Depositary subjects
- Monitoring and following up exceptions resulting from Depositary operations controls
- Communicating and following up escalation to the client
- Maintain Fund Risk Assessment
- Organizing and attending client meetings/calls with Manco/Board
- Ensuring receipt of daily/monthly reports of exceptions resulting to Depositary controls and monitoring all exceptions that need to be escalated
- Producing Depositary reports to the attention of Manco/Board
- Ensuring close cooperation on transversal issues with different bank departments in case of process or new product analysis
- (Senior consultant via Bpeople Consulting S.A.)
Officer, Centre of Expertise & Oversight AIFMD-PE/RE Funds
RBC Investor & Treasury Services
01.2017 - 09.2017
- Project providing support to RBC I&TS mainstream team and PERE Funds business by managing funds corporate activity.
- Implementation of UCITS V law for PERE Funds in order to control cash flow monitoring
- Analysing private equity, real estate, debt, fund of fund and other alternative structures introduced by clients/prospectus
- Actively participating the day to day follow up with clients in order to get a channel in place for daily cash flow monitoring, oversight and safekeeping
- Ensuring implementation of and compliance with relevant procedures
- (Senior consultant via Bpeople Consulting S.A.)
AIF Depositary Control and Fund Compliance Set-up Rules
Caceis Bank Luxembourg
05.2016 - 12.2016
- Performing daily oversight of activities done externally and internally (fund accounting, investment restrictions)
- Identification of significant cash flow (daily/weekly/monthly) control
- Review of periodic Due Diligence processes of service providers
- Analysing the new fund set-up rules interpretation for AIFM/UCITS/SIF/Cayman Funds
- Performing testing of new fund scenario integrated with MIG-2 tool
- Ensuring that controls and processes are robust and accurate
- Performing periodic reviews of new investment compliance policies, regulations and laws
- Performing oversight of reconciliations, NAV calculation and fund compliance, investment restriction breaches
- (Senior consultant via Bpeople Consulting S.A.)
AIFMD Senior Depositary Oversight
Northern Trust Global Services Ltd, Luxembourg Branch
09.2015 - 04.2016
- Performing checks and controls related to Depositary duties covering the following tasks:
- Cash flow monitoring for the UCITS/AIFM Funds on daily/weekly/monthly basis
- Identification of significant cash-flow
- Monitoring of discrepancies and corrective measures ensure timely settlement of transactions
- Income distribution of Subscriptions and redemptions/valuation of assets and shares/units
- Investment compliance monitoring
Senior KYC/AML Analyst
BNP Paribas Securities Services (Luxembourg S.A.)
06.2015 - 08.2015
- Being in charge of management of a key client portfolio
- Being actively involved in the regulatory watch and the awareness of the compliance matters
- Taking part of the on-boarding and the follow up of the existing new clients
- Taking part of re-identification of high risk clients’ accounts
- (Senior consultant via IQ Solutions)
Senior AIFMD Depositary Control
UBS (Luxembourg S.A.)
01.2015 - 05.2015
- Working within the control team for the depositary oversight for AIFMD Funds covering the following tasks:
- Analysing the company products and services performed under the responsibilities of the Depositary Bank
- Ensuring that controls and processes are robust and accurate
- Performing internal reporting on cash flow monitoring (daily/weekly/monthly)
- Performing oversight of reconciliations, NAV calculation and fund compliance, investment restriction breaches
- Maintenance of a constructive working relationship with the fund’s central administrator, custodian bank, management company and portfolio managers through regular communication till accurate solution
- (Senior consultant via IQ Solutions)
Senior KYC/AML Analyst
Royal Bank of Canada (Luxembourg S.A.)
01.2014 - 12.2014
- Employed for a specific contract by IQ Solutions and out-sourced to RBC Luxembourg as a Senior Consultant for an extensive AML/KYC review. As the Senior Consultant I was responsible for reviewing the full AML/KYC for high risk and corporate accounts for the Client (a large Asset Manager), then authorise settlement of the proceeds.
- In addition, I attended all calls and meetings with the client, providing progress and status reports.
- (Senior consultant via IQ Solutions)
Risk and Fund Compliance Analyst within the Risk Management
Nikko Bank Luxembourg
05.2013 - 10.2013
- Responsibilities included the monitoring of all legal and special investment restrictions and from a UCITS and AIFMD perspective including policies for all of the funds on a post-trade basis, including eligibility portfolio monitoring for internal and external reporting and escalation of breaches. This included daily monitoring of global exposure, counterparty risk, concentration risk, coverage rules, liquidity risk and collateral management.
- In addition, analyse the fund prospectus to identify adequate data to set up investment rules and the creation of management rules in the control systems, as well as system testing and validation of the results.
Account Manager Hedge Funds
BNP Paribas Securities Services Luxembourg S.A.
02.2011 - 05.2013
- Working within the Compliance and Operations Department I was responsible for the chasing of multiple services providers with the objective to receive the required legal documentation, such as contract notes, so that the settlement of transactions could be updated in the systems and settlements made in a timely fashion.
- More specifically my focus was on the Anglo-Saxon service provider and I believe I achieved a high rate of success; hence my CDD contract was extended several times.
Compliance Analyst
State Street Bank (Luxembourg S.A.)
07.2009 - 06.2010
- Provided compliance support to Product Management, Legal Services and the business in connection with project activities relating to the Management Company, the Investment Firm and the Luxembourg based products.
- Interacting with, and servicing potential and existing customers relating to the preparation of Compliance documentation for the business acceptance committee.
- Monitoring and testing of all aspects of compliance programs, including legal and regulatory monitoring in support of regulatory changes.
Transfer Agency & Fund Compliance Investment Restriction Officer
Royal Bank of Scotland (Luxembourg S.A.)
05.2008 - 06.2009
- Fund and Risk Investment Compliance Officer working with local and international business partners to ensure that the Luxembourg-domiciled Management Company and Investment Firm comply with their requirements under Luxembourg legislation and administrative acts.
- Undertaking similar activities for the funds and branches to which the Management Company and Investment Firm provide their services. Thereby required to evaluate that the systems/procedures/processes which the Management Company and Investment Firm relies are organised in accordance with the relevant statutory, contractual and internal requirements and provide general compliance support on these matters. Furthermore required to review specific components of Net Asset Value.
- Liaising with investment managers and regulator (CSSF) on any compliance issues as part of the process of monitoring risk/potential risk related to the funds.
Transfer Agency & Client Services Administrator
HSBC Securities Services (Luxembourg S.A.) (formally Liberty Ermitage Luxembourg S.A.)
06.2006 - 04.2008
- Direct Investor and Distributor dedicated client servicing for a group of funds and accounts, thus ensuring that client requests and queries were processed correctly. Performing a wide variety of Transfer Agency tasks covering the end-to-end process, including registration, dealing, input and authorisation and cash processing as well as Investor Compliance monitoring.
Admin Assistant
Citco Securities Services (Luxembourg S.A.)
01.2006 - 05.2006
- Provision of administration support to the Fund Administration Transfer Agency Legal and Compliance Departments
Education
Colegiul Technic Matei Corvin
Hunedoara, RomaniaIFBL Compliance Training - undefined
LuxembourgSkills
- UCITS & AIFMD Depositary Oversight ( CSSF Regulatory Framework)
- Asset Safekeeping & Ownership Verification
- Cash Flow Monitoring & Escalation Procedures
- Compliance with Luxembourg Regulatory Requirements
Skills - It& System Skills
- NTAS
- AWD
- Prime
- World Check
- Black List
- Multifunds
- IFAST
- MIG-21
- NBP
- Bloomberg
- Reuters
- Microsoft Office
- Lotus Notes & Outlook
- SWIFT
- Olympic
- Sara
- BP Module
Timeline
Senior Depositary Analyst Private Capital
BNP Paribas Securities Services
12.2021 - Current
Depositary Oversight Specialist
Citco Bank Netherlands N.V. (Luxembourg Branch)
06.2019 - 11.2021
Senior Depositary Analyst
The Bank of New York Mellon Luxembourg Branch
10.2018 - 04.2019
Senior Depositary Analyst
BNP Paribas Securities Services Luxembourg Branch
10.2017 - 07.2018
Officer, Centre of Expertise & Oversight AIFMD-PE/RE Funds
RBC Investor & Treasury Services
01.2017 - 09.2017
AIF Depositary Control and Fund Compliance Set-up Rules
Caceis Bank Luxembourg
05.2016 - 12.2016
AIFMD Senior Depositary Oversight
Northern Trust Global Services Ltd, Luxembourg Branch
09.2015 - 04.2016
Senior KYC/AML Analyst
BNP Paribas Securities Services (Luxembourg S.A.)
06.2015 - 08.2015
Senior AIFMD Depositary Control
UBS (Luxembourg S.A.)
01.2015 - 05.2015
Senior KYC/AML Analyst
Royal Bank of Canada (Luxembourg S.A.)
01.2014 - 12.2014
Risk and Fund Compliance Analyst within the Risk Management
Nikko Bank Luxembourg
05.2013 - 10.2013
Account Manager Hedge Funds
BNP Paribas Securities Services Luxembourg S.A.
02.2011 - 05.2013
Compliance Analyst
State Street Bank (Luxembourg S.A.)
07.2009 - 06.2010
Transfer Agency & Fund Compliance Investment Restriction Officer
Royal Bank of Scotland (Luxembourg S.A.)
05.2008 - 06.2009
Transfer Agency & Client Services Administrator
HSBC Securities Services (Luxembourg S.A.) (formally Liberty Ermitage Luxembourg S.A.)
06.2006 - 04.2008
Admin Assistant
Citco Securities Services (Luxembourg S.A.)
01.2006 - 05.2006
IFBL Compliance Training - undefined
Colegiul Technic Matei Corvin