European investment funds, whether UCITS or AIF, must appoint a Depositary in accordance with the UCITS and AIFM Directives. The Depositary is responsible for the safekeeping of the investment fund's assets and therefore ensures separation of those assets from the management of the fund. In addition, the depositary is required to perform oversight functions and, in this way, oversees certain activities of the fund manager such as valuation of the fund assets and monitoring of fund cash flows.

What you will be responsible for

As Depositary Operations Specialist, you will

• Actively reviews and prepares LUX PERE Depositary tasks (all Clients) relating to safekeeping, cash flow monitoring and oversight activities.
• Liaise with clients (internal & external) and supporting departments for the purpose of obtaining key inputs to service delivery, resolving errors and discrepancies.
• Assists Manager in the organization of the Team and in ensuring that departmental procedures and controls are adhered to.
• Identify issues and problems in service delivery and carry out necessary corrective action. Ensure the issues log is updated and track progress.
• Take responsibility for analysis and streamlining depositary controls, work with other SMEs to create a unified process flow, standardizing processes and establishing best practice
• Participate as technical SME in the development, testing and implementation of new systems and products relating to the ongoing business transformation process. Provide regular progress reports and give feedback during project meetings.
• Identify process inefficiencies, apply lean approach and work with team members in order to generate efficiency savings.

What we value

These skills will help you succeed in this role:

• Fluency in English- written and spoken
• Ability to work independently, contribute and communicate effectively
• Highly self-motivated, detail oriented and able to work collaboratively,
• Strong organizational, communication and project skills
• Ability to plan and prioritize work under pressure compared to tight deadlines
• Establish and maintain good working relationships with internal clients and colleagues. Demonstrate collaboration with other teams and departments.

Education & Preferred Qualifications

• At least +2 years of relevant working experience preferably in fund accounting/ Alternative Investments
• Bachelor's degree, preferable in finance, accounting, economic or STEM
• Knowledge of AIFMD, CSSF regulations would be an advantage
• Geneva, Investran knowledge is consider as an asset
• Experience in creating Excel Reports
• Access, VBA, SQL, Xceptor knowledge is considered as an asset

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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