Depositary Senior Officer M/F

THE ROLE

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 reports to the Head of Depositary.

As a Senior Officer, you will be mainly focused on the “day-to-day” tasks, delivering the different reports, escalating issues, providing and preparing the checklists when the tasks are done. He/she will be liable for his/her performance including the quality and evidences of the controls conducted. Depending on the background and experience, he/she shall be allocated to cash monitoring and reconciliation program or involved in the oversight of delegates/external parties (i.e. fund administrators and fund managers).

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 feedbacks on the result 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 FA, 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/Master degree in Accounting/Finance/Law
  • Proven experience of minimum 5 years ideally in an accounting firm, an audit company or any relevant Fund Administration 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 analyze and apply a large volume of technical data, and translate into simple language for a non-specialist audience