European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences, we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.
Our powerful global infrastructure and breadth of technical experience enable us to provide market-leading solutions tailored to benefit our clients.
Our vision is to be the leading provider of Banking, Depositary, and Custody services to Asset Managers, Family Offices, Institutional Investors, and Corporates.
Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017, the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.
We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt, and renewable energies & infrastructure (as of March 31, 2024).
For the avoidance of doubt, we do not deal with retail clients. We neither offer any securities (bonds, shares, notes, etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.
Department: Depositary - European Depositary Bank Dublin Branch
Job Title: Assistant Vice President
Tasks
You will be responsible for the delivery of AIFMD and UCITS depositary services for the company, and take full ownership of the successful completion of specific tasks in accordance with depositary procedures. This will include the delivery of 'Cashflow Monitoring', 'Investment and Borrowing Restriction Monitoring', and certain 'NAV Oversight' duties as required. The role will also have responsibility for managing a small local team initially of 1-3 staff, with scope to grow further.
Key Responsibilities:
1. Manage a team of approximately 1-3 Depositary staff initially, with scope to grow further.
2. Manage the delivery of depositary services to a growing portfolio of Mutual, Hedge, Real Estate, and Private Equity fund clients.
3. Ensure the daily Cash flow monitoring and reconciliation process is completed on a daily basis to include: Reconciliation of subscriptions and redemptions, Identifying and recording new cash accounts, Identifying and reconciling all cash flow movements, Highlighting any significant or inconsistent cash flows.
4. Ensure that the Investment and Borrowing monitoring checks for assigned funds have been completed.
5. Ensure that any breaches and NAV errors identified are immediately reported to Depositary Management and logged.
6. Ensure that certain NAV Oversight reviews are completed as assigned, Cash and Stock Reconciliations, Distribution Reviews, TA Reconciliations, Failed Trades Checks, NAV Reviews, etc.
7. Ensure adherence to all policies & procedures and local laws and regulations.
8. Responsible for the Client relationship management for trustee / depositary clients.
9. Responsible for the presentation of Depositary reports to the Board of Directors on a quarterly basis for trustee / depositary clients.
10. Assist in Sales/Business Development meetings for prospective trustee / depositary clients.
Position Requirements:
1. Preferably 5+ years work experience in a depositary, fund accounting, Investment Manager, or similar role. Exposure to Investment Compliance Monitoring would be a big advantage.
2. Strong industry knowledge and financial services experience, with an understanding of the depositary's role and responsibilities.
3. Strong people management experience, along with hands-on management of driving teams and projects.
4. Good interpersonal skills in order to develop strong working relationships with colleagues.
5. Excellent organizational, time management, and communication skills.
6. A strong attention to detail.
7. Educated to degree level (or overseas equivalent) • Fluent English essential.
As a vital team member and in return for your expertise, inclusive approach, and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits: As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship, and in-house training programs. #J-18808-Ljbffr