Senior Depositary 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 managers of the team.
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 analyse and apply a large volume of technical data, and translate into simple language for a non-specialist audience