Who We Are Looking ForWe are looking for a Depositary Operations Specialist, reporting directly to an Assistant Vice President. In this role, you will assist in the analysis of regulated and unregulated private equity, real estate, and other alternative investment structures and assess legal and contractual documentation required to fulfil depositary oversight duties. You will work closely with colleagues across Legal, Operations, and Relationship Management teams to ensure high-quality service delivery and regulatory compliance. `Why This Role Is Important To UsYou 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 ForAs a Depositary Oversight Specialist, you will:Perform analysis of private equity, real estate, and other alternative investment structures introduced by clients and determine the required operational controls.Review and assess legal documentation relating to alternative investment structures, including private placement memoranda, share purchase agreements, financing documents, title deeds, and other supporting documentation.Assess transaction and cash flow-related information to support depositary oversight activities.Perform depositary oversight duties in accordance with AIFMD requirements.Review fund structures, governing documents, and transaction documentation from a depositary oversight perspective.Support Sales and Relationship Management teams by acting as a subject matter expert during client meetings, due diligence exercises, and client interactions.Contribute to business development initiatives by providing technical expertise on alternative investment structures and depositary obligations.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 ValueThese skills will help you succeed in this role:Strong knowledge of depositary oversight responsibilities and applicable regulatory frameworks, including AIFMD.Strong analytical and problem-solving skills with the ability to assess complex legal and financial structures.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.Education & Preferred QualificationsBachelor's or Master's degree in Law, Finance, Accounting, Economics, or a related field.Experience within a bank, asset management company, domiciliary agent, law firm, audit firm, or similar financial services organization.Knowledge of Alternative Investment Fund Managers Directive (AIFMD) and related regulatory frameworks.Experience with private equity, real estate, or alternative investment fund structures would be advantageous.Understanding of fund structures, governance, financial reporting, and investment lifecycle processes.Fluency in English; additional European languages would be considered an advantage.Additional RequirementsAbility to support client meetings, due diligence exercises, and business development activities.Continuous improvement mindset with a focus on operational efficiency and process enhancementWork RequirementWork Model: HybridContract Durations: 12 monthsLocation: Luxembourg#LI-HybridAbout 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