Depositary Oversight Analyst, Associate 2
- State Street
- Not disclosed
- 24 Mar 2023
- 24 Apr 2023
- Approved employers
- Approved employer
- Job role
- Financial analyst, Fund accountant
- Contract type
- Full time
- Experience level
- Qualified accountant
Who are we looking for:
Depositary Oversight Team performs depositary functions for UCITS and AIF funds. The candidate will be responsible for depositary controls as well as will interact with clients, brokers and other external as well as internal parties (Fund Accounting team, Custody team, Compliance etc.).
Why this role is important to us:
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for:
- Perform 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 Circulars 16/644 and 18/697
- Analyzing assets acquired by the fund and determine the flow of ownership verification
- Review the cash flow monitoring and assess if further investigations are required
- Perform the oversight duties
- Assist with presenting depositary services to internal and external parties
- Monitoring and taking care of the day-to-day operations of the depositary and following up with third parties, including administrator and fund managers
- Participating in performing due diligence on third parties and clients (AIFMs/ManCo’s)
- Determining and assessing relevant information on alternative structures/ UCITS relating to transactions and cash flows
- Ensuring implementation of and compliance with relevant internal procedures
- Degree in law, economy or finance
- Minimum of 1 to 4 years professional experience in a similar role; ideally in a depositary bank
- Ability to analyze a situation and obtain information to reach sound conclusions
- Strong organizational skills, with attention to detail and meeting tight deadlines
- Excellent communication skills
- Service-oriented and results-focused
- Ability to work autonomously
- Good team player
- English (fluent, spoken and in writing)
- Other languages are an advantage
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.
For further information, and to apply, please visit our website via the “Apply” button below.