Depositary Assistant Vice President
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 enables 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.
Founded in 1973 in Luxembourg, EDB is a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, enabling 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, 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
Key Responsibilities:
* Manage a team of approximately 1-3 Depositary staff initially, with scope to grow further.
* Manage the delivery of depositary services to a growing portfolio of Mutual, Hedge, Real Estate, and Private Equity fund clients.
* Ensure the daily Cash flow monitoring and reconciliation process is completed, including: 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.
* Ensure that the Investment and Borrowing monitoring checks for assigned funds have been completed.
* Report any identified breaches and NAV errors to Depositary Management immediately.
* Complete certain NAV Oversight reviews as assigned, including Cash and Stock Reconciliations, Distribution Reviews, TA Reconciliations, Failed Trades Checks, NAV Reviews, etc.
* Ensure adherence to all policies & procedures and local laws and regulations.
* Manage client relationships for trustee/depositary clients.
* Present Depositary reports to the Board of Directors quarterly for trustee/depositary clients.
* Assist in Sales/Business Development meetings for prospective trustee/depositary clients.
Position Requirements:
* Preferably 5+ years of work experience in a depositary, fund accounting, Investment Manager, or similar role. Exposure to Investment Compliance Monitoring is a significant advantage.
* Strong industry knowledge and financial services experience, with an understanding of the depositary's role and responsibilities.
* Strong people management experience, along with hands-on management of driving teams and projects.
* Good interpersonal skills to develop strong working relationships with colleagues.
* Excellent organizational, time management, and communication skills.
* A strong attention to detail.
* Educated to degree level (or overseas equivalent). Fluent English is essential.
As a vital team member, in return for your expertise, inclusive approach, and commitment, we'll provide a favorable salary and the chance to join a passionate and welcoming team. Benefits include tailored offerings to each location to safeguard our people and respect local cultures. 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.
Job ID: JR-0008529
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