In the role of Depositary you will be responsible for:
The Depositary Oversight Team performs the depositary functions for Alternative Investment Funds and UCITS, The candidate will act as deputy to the Vice President representing the team internally and towards clients,
The candidate will work closely with this/her managers as well as with colleagues from the legal and operations department and other State Street offices.
Overview day-to-day operations linked to the requirements as stipulated in AIFMD and UCITS V Directives as well as linked to the articles in the CSSF Circular18/697. Ensure that all controls are performed and assist/support the team.
Analyzing assets acquired by the fund and determine the flow of ownership verification. Attend client meetings to explain and justify the required documents
Taking part in the determination and assessment of relevant legal documentation on multi-domicile alternative structures such as private placement memoranda, share purchase agreements, corporate and financing documents, title deeds and similar
Review the cash flow monitoring performed by the team and assess if further investigations are required. Ensure that all backup is collected and mentor team members if needed.
Review the tasks linked to the oversight duties completed by the team.
Assist with presenting depositary services to potential clients and internal parties
Review escalation reports and participate in Board meetings to represent the Depositary.
Participating in performing due diligence on third parties and clients (AIFMs/ManCo's)
Ensuring implementation of and compliance with relevant internal procedures
Setup and use tools allowing to have a view on the status of the controls performed by the team and determine the team client allocation accordingly.
Take ownership in projects assigned to the Depositary.
Ability to analyze a situation and obtain information to reach sound conclusions
Adopt a risk based approach and ability to escalate risky items
Strong organizational skills, with attention to detail and meeting tight deadlines
Excellent communication and management skills
Service-oriented and results-focused
Ability to work autonomously and take ownership
Good team player
To be successful in this role, your experience should include:
Minimum of 5 to 8 years professional experience in a similar role; ideally in a depositary bank
Strong knowledge of private equity and real estate Luxembourg fu
Degree in law, economy or finance
About State Street
What we do.
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow.
We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.
We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It's also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You'll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
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