Depositary Oversight Specialist, Senior Associate (12 months)
State Street
Depositary Oversight Specialist, Senior Associate (12 months)
Job Description
Who We Are Looking For We are looking for a Depositary Oversight Specialist. In this role, you will assist in the analysis of regulated and unregulated funds to fulfil depositary oversight duties. The range of activities is quite broad from daily to yearly conrtols. You will work closely with colleagues from different departments and different jurisdictions. Why This Role Is Important To Us You will be joining the Investment Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities. Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for. What You Will Be Responsible For As a Depositary Oversight Specialist, you will: Perform analysis of cash flow monitoring; Perform depositary oversight duties in accordance with UCITS and AIFMD regulations; Performn Due Diligence on 3rd parties like Fund Administration or Transfer Agent; Perform oversight on investment compliance monitoring Collaborate with internal stakeholders to ensure effective implementation of operational and regulatory requirements. Drive operational excellence through process improvements, automation initiatives, and operating model enhancements. Maintain relevant systems and databases and prepare internal and client reporting. Attend client meetings and support ongoing relationship management activities. What We Value These skills will help you succeed in this role: Strong knowledge of depositary oversight responsibilities and applicable regulatory frameworks, including UCITS and AIFMD. Strong analytical and problem-solving skills Ability to apply a risk-based approach and appropriately identify and escalate risk matters. Excellent organizational skills with strong attention to detail and the ability to meet deadlines. Strong communication, stakeholder management, and teamwork skills with the ability to work independently and take ownership. Experience in Fund Accouting / Custody / Investement Compliance would be considered an advantage. Education & Preferred Qualifications Bachelor's or Master's degree in Law, Finance, Accounting, Economics, or a related field. Experience within a bank, asset management company, law firm, audit firm, or similar financial services organization. Knowledge of UCITS and AIFMD Directives and related regulatory framework. Understanding of fund structures, governance, financial reporting, and investment lifecycle processes. Fluency in English; additional European languages would be considered an advantage. Additional Requirements Ability to support client meetings, due diligence exercises, and business development activities. Continuous improvement mindset with a focus on operational efficiency and process enhancement Work Requirement Work Model: Hybrid Contract Durations: 12 months Location: Luxembourg About State StreetAcross 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.We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.Discover more information on jobs at StateStreet.com/careersRead our CEO Statement
Locations
- Luxembourg, Luxembourg
Skills Required
- UCITSintermediate
- Englishintermediate
Required Qualifications
- Ability to support client meetings, due diligence exercises, and business development activities. (experience)
- Ability to support client meetings, due diligence exercises, and business development activities. (experience)
- Continuous improvement mindset with a focus on operational efficiency and process enhancement (experience)
- Continuous improvement mindset with a focus on operational efficiency and process enhancement (experience)
- Work Model: Hybrid (experience)
- Work Model: Hybrid (experience)
- Contract Durations: 12 months (experience)
- Contract Durations: 12 months (experience)
- Location: Luxembourg (experience)
- Location: Luxembourg (experience)
Preferred Qualifications
- Bachelor's or Master's degree in Law, Finance, Accounting, Economics, or a related field. (degree in master)
- Bachelor's or Master's degree in Law, Finance, Accounting, Economics, or a related field. (degree in master)
- Experience within a bank, asset management company, law firm, audit firm, or similar financial services organization. (experience)
- Experience within a bank, asset management company, law firm, audit firm, or similar financial services organization. (experience)
- Knowledge of UCITS and AIFMD Directives and related regulatory framework. (experience)
- Knowledge of UCITS and AIFMD Directives and related regulatory framework. (experience)
- Understanding of fund structures, governance, financial reporting, and investment lifecycle processes. (experience)
- Understanding of fund structures, governance, financial reporting, and investment lifecycle processes. (experience)
- Fluency in English; additional European languages would be considered an advantage. (experience)
- Fluency in English; additional European languages would be considered an advantage. (experience)
Responsibilities
- Perform analysis of cash flow monitoring;
- Perform analysis of cash flow monitoring;
- Perform depositary oversight duties in accordance with UCITS and AIFMD regulations;
- Perform depositary oversight duties in accordance with UCITS and AIFMD regulations;
- Performn Due Diligence on 3rd parties like Fund Administration or Transfer Agent;
- Performn Due Diligence on 3rd parties like Fund Administration or Transfer Agent;
- Perform oversight on investment compliance monitoring
- Perform oversight on investment compliance monitoring
- Collaborate with internal stakeholders to ensure effective implementation of operational and regulatory requirements.
- Collaborate with internal stakeholders to ensure effective implementation of operational and regulatory requirements.
- Drive operational excellence through process improvements, automation initiatives, and operating model enhancements.
- Drive operational excellence through process improvements, automation initiatives, and operating model enhancements.
- Maintain relevant systems and databases and prepare internal and client reporting.
- Maintain relevant systems and databases and prepare internal and client reporting.
- Attend client meetings and support ongoing relationship management activities.
- Attend client meetings and support ongoing relationship management activities.
- Strong knowledge of depositary oversight responsibilities and applicable regulatory frameworks, including UCITS and AIFMD.
- Strong knowledge of depositary oversight responsibilities and applicable regulatory frameworks, including UCITS and AIFMD.
- Strong analytical and problem-solving skills
- Strong analytical and problem-solving skills
- Ability to apply a risk-based approach and appropriately identify and escalate risk matters.
- Ability to apply a risk-based approach and appropriately identify and escalate risk matters.
- Excellent organizational skills with strong attention to detail and the ability to meet deadlines.
- Excellent organizational skills with strong attention to detail and the ability to meet deadlines.
- Strong communication, stakeholder management, and teamwork skills with the ability to work independently and take ownership.
- Strong communication, stakeholder management, and teamwork skills with the ability to work independently and take ownership.
- Experience in Fund Accouting / Custody / Investement Compliance would be considered an advantage.
- Experience in Fund Accouting / Custody / Investement Compliance would be considered an advantage.
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