Senior Depositary Analyst, A2

Who we are looking for

We are looking for a Senior Depositary Analyst is responsible for performing, analyzing and monitoring the quality of a wide spectrum of depositary control functions, namely cash-flow monitoring, safekeeping of assets and general oversight functions in accordance with AIFMD and UCITS and any local regulations and restrictions.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

Depositary has oversight responsibilities for the Investment Manager's activities in a number of key areas such.

The Depositary is responsible for the safeguarding of the assets of the authorized fund. This separation of the management of the fund's assets from their ownership is the most fundamental element of investor protection provided by authorized funds.

The Depositary also has a responsibility for protecting the interests of incoming, outgoing and continuing investors in a fund. Whilst not having a direct responsibility for the Manager's activities, the Depositary must take reasonable care to ensure that the Manager is properly discharging its own responsibilities.

Key Depositary Responsibilities:

Performance of oversight checks and controls across a portfolio of clients, including

• Cash monitoring work conducted by the team (significant cash flows, full cash flows reconciliation).
• Safekeeping of assets work conducted by the team (custody on book/off book, asset ownership verification, registration and reconciliation).
• Perform oversight checks on valuation and safekeeping of units work conducted within the Depositary team (subscriptions and redemptions oversight).
• Reconciliations: analyze the output of the reconciliations for specific instruments such as OTC Derivatives, ETD, cash, stock, etc.; make a risk assessment to identify risky items that require to be investigated further and that require escalation.
• NAV calculation: review procedures in place to calculate the NAV and understand the drivers of the NAV calculation, review income distribution calculations; ensure that the receivable and payable accounts linked to shareholder activity are in good order.
• Trade settlement, income and cash: risk assessment of trades, cash and income not timely settled/received.
• Investment Restriction Compliance: identify breaches and check if escalation is required.
• Transfer Agency: understand the risk items linked to the transfer agency activity and review the output of the reconciliation of the collection account.
• Ensuring the delivery of the service within internal and external deadlines in accordance to SLAs, procedures, job aids any relevant documentation.
• Collection, preparation, analysis and review of relevant documentation in support to the daily tasks: ISDA, CSA, due diligence questionnaires, depositary check-lists, Perfect View, KPIs, etc.

Additional duties and responsibilities:

• Co-operation in creating risk assessment to detect and identify items and actions in need of further investigation, assist Associates 1 in their understanding of risk within their duties.
• Performing special projects and other tasks as assigned by the Team Manager.
• Collaboration with the all team members on an ongoing basis.
• Involvement in the training and development of other team members.
• Collaboration to propose and manage changes in processes and in procedures following LEAN approach.
• Assisting Team Supervisor in the organization of the Team and in ensuring that departmental procedures and controls are adhered to.
• Assisting Team Supervisor in implementing new procedures and controls.
• · Assists where required in preparing daily deliverable and reviews reports prepared by the team.
• Controlling and assuring high quality and correctness of the prepared work. Complete the reviewers’ checklist when required in accordance with procedures.
• · Stays objective and protects the investor`s interest at all times.
• · Being a reliable point of contact to the team members and business partners for the activities performed.
• · Proactively identify and address knowledge gaps and process risks in the team, identify mitigation actions, propose and implement solutions.
• Adhere to company’s mandatory trainings and duties

Education & Preferred Qualifications

• 1+ year/s of experience in finance, custody, funds fund administration or depositary.

What we Value:

• Great numeracy and literacy skills.
• Good organizational skills and effective time management in order to meet deadlines and keep well-documented records.
• PC literate and competent in use of Excel spreadsheets and Word documents.
• Good financial market knowledge.
• The ability to understand complex investment fund structures and to identify the risks inherent in those structures.
• A thorough understanding of fund administration.
• Good knowledge about UCITS V and AIFMD regulations.
• Excellent English (German as an asset).
• Experience in finance, custody or depositary.

We Offer:

• Premium life insurance package;
• Employee savings plan;
• Gold medical package;
• International operating environment;
• Language classes;
• Soft skills trainings;
• Technical workshops;
• Development sessions with a mentor;
• Diversity of opportunities across a range of challenging and highly complex activities;
• Technical or leadership career pathway

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to Flexible Work Programs 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 perspectives 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 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 programs 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.

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