Senior Officer, Depositary

This is an exciting opportunity to be involved in the established Luxembourg entity and become a key member of our team further developing the business. The role sits within the Depositary Team and reporting to a Depositary Manager or Senior Manager.

As a Senior Officer, you will be mainly focused on the “day-to-day” tasks. Depending on the background and experience, you will be allocated to cash flow monitoring, assets record-keeping and ownership verification reconciliation responsibilities, as well as carry out oversight duties related to valuation, income distributions, investment restriction controls monitoring, and transfer agency activities. You will be delivering the different reports, escalating issues, providing and preparing the checklists when the tasks are done. You will support the onboarding activities of new clients and funds, as well as present Depositary updates to clients, AIFMs, and Fund Management Bodies. If you're driven to make an impact and ready to be part of a diverse team experiencing dynamic growth, we want to hear from you.

EXAMPLE YEAR ONE OBJECTIVES

• Contribute to the Group strategy and business growth


• Build the required knowledge to conduct the tasks and controls


• Work with clients and the business to ensure timely delivery of day to day responsibilities


• Annual review of process and procedures to improve business efficiency


• Work with clients, auditors, fund managers and the business to ensure timely delivery of day to day responsibilities

 SPECIFIC RESPONSIBILITIES

• Support the on-boarding of new depositary clients/mandates by delivering risk assessment reports (when starting a new relation);


• Maintain the due diligence calendar up to date and support the risk assessment (risk rating) process;


• Review questionnaire responses, ISAE/SOC reports and other relevant documentation provided by external parties involved;


• Provide regular feedback on the results of the due diligence activities to the Management of the Depositary Services in order to initiate the regulatory required escalation process to the AIFM;


• Perform daily tasks like Cash Flow Monitoring and transaction follow-up;


• Monitor the reports from Fund Accounting, AIFM and 3rd parties (assist in the oversight of the different service providers of the funds);


• Reconcile portfolios of assets and take part of the audit of funds by answering the fund auditors;


• Ensure completeness of tasks by end of the day and report directly to the Manager of the team.

 JOB REQUIREMENTS AND EDUCATION

• Holding a Bachelor degree in Accounting/Finance/Economics/Business Administration. A Masters degree is considered a plus.


• Proven experience of minimum 5 years ideally in another Depositary, fund accounting firm, an audit company or any relevant entity servicing funds in the E.U.

SKILLS AND COMPETENCIES

• Fluency in English, any other language is considered as an asset


• Excellent interpersonal and communication skills, including contributing to and being part of a strong team spirit


• Client-oriented with ability to build strong relationships with internal and external parties


• Ability to work autonomously, taking full ownership of assigned responsibilities with a commitment to delivering high quality work


• Excellent organizational skills complemented by a “can do” attitude


• Ability to meet tight deadlines and to work under pressure


• Ability to analyse and apply a large volume of technical data, and translate into simple language for a non-specialist audience