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

You will be joining the Institutional 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.

The Depository team is at the core of our asset servicing solutions, providing asset owners and managers access to our essential financial tools to deliver effective investment solutions. Our fund accounting team offers crucial operational service for our global clients.

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 Depositary Oversight Manager you will

• Overview 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 Circular18/697. Ensure

that all controls are performed and assist/support the team.

• Analyze assets acquired by the fund and determine the flow of ownership verification.
• Attend client meetings to explain and justify the required documents
• Review the cash flow monitoring performed by the team and assess if further investigations

are required. Ensure that all backup is collected and mentor team members if needed.

• Review the tasks linked to the oversight duties completed by the team.
• Assist with presenting depositary services to potential clients and internal parties
• Review escalation reports and participate in Board meetings to represent the Depositary.
• Ensure implementation of and compliance with relevant internal procedures. Perform

oversight and escalations if any in the outsourced activities impacting Depositary work

• Coordinate the audit process linked to the inventory of the funds
• Setup and use tools allowing to have a view on the status of the controls performed by the

team and determine the team client allocation accordingly.

• Take ownership in projects assigned to the Depositary.

What we value

These skills will help you succeed in this role:

• Ability to analyze a situation and obtain information to reach sound conclusions
• Adopt a risk based approach and ability to escalate risky items
• Strong organizational skills, with attention to detail and meeting tight deadlines
• Excellent communication and management skills
• Service-oriented and results-focused
• Ability to work autonomously and take ownership
• Take initiative
• Good team player

Education & Preferred Qualifications

• Minimum of 4 to 7 years professional experience in financial business, either in custody, Fund Accounting, Client Services or Depositary.
• Degree in law, economy or finance

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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