Head of Depositary M/F

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THE ROLE

This is an exciting opportunity to be involved in the established Luxembourg entity and become a key senior member of our team further developing the business. As Head of Depositary, you will be responsible for leading the Depositary function and managing the end-to-end Depositary activity for the business. The role reports directly to the Luxembourg CEO and oversees a team of around 10 people.

SPECIFIC RESPONSIBILITIES

  • Refine operating procedures relating to the depositary services offering including identification of target investments
  • Identify and analyze the client requests in line with our expertise and standards
  • Analyze the look-through provisions at onboarding stage
  • Write out and negotiate agreements and contracts
  • Assume responsibility for the safe keeping of fund assets and supervision on tangible assets, whether through custody or more general verification of ownership
  • Liaise with the risk and compliance functions responsible to make sure the corporate and regulated obligations are covered
  • Review and control relevant regulatory developments
  • Supervise, with support of an administrator, the follow up of day-to-day duties: cash flow monitoring, reports, minutes
  • Maintain accurate and up to date records ensuring all statutory obligations are met
  • File and record all legal documentation as required by CSSF requirements/ Luxembourg Law

JOB REQUIREMENTS AND EDUCATION

  • Degree educated in Business Management, Law, Economics or equivalent
  • Have a deep knowledge and at least 10 years relevant experience in the Depositary function with focus on alternative investments (knowledge of UCITS is an asset)

SKILLS AND COMPETENCIES

  • Fluency in English, any other language is considered as an asset
  • Proven experience in managing a team and working within the trust and company environment at a higher senior level
  • Demonstrate a clear understanding of the client strategies, relationship management, including contractual and statutory obligations related to Luxembourg regulated investment funds
  • Ability to quickly adapt to changes in process and procedures in a rapidly changing environment
  • 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 for reporting purposes