Who we are looking for
We are looking for a Senior Depositary Analyst responsible for Depositary control execution and review. You will ensure that deliverables are produced and dispatched on time in accordance with service level agreements and agreed quality standards. We would like you also to be engaged in process transformation and cooperate with Luxembourgish partners to increase process effectiveness and onboarding new Clients.
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 is an EMEA specific regulatory function with Fiduciary duty to the end investor.
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.
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What you will be responsible for
As Senior Depositary Analyst, you will
- Prepare and review various depositary controls being part of:
- safekeeping (confirming ownership & reconciliation of the various types of assets)
- cash flow monitoring
- oversight activities (i.e. Capstock, distribution, timely settlement)
Mainly mutual funds in scope, accounting held in MCH.
- Liaise with internal and external stakeholders to obtain key inputs for service delivery
- Work on various asset types including derivatives, syndicated bank loans and many others
- Assists Manager in workload organization in the Team
- Take ownership for job aid quality and updates
- Support 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 increase productivity
What we value
These skills will help you succeed in this role:
- Fluency in English - written and spoken
- Ability to work independently, take ownership for end-to-end process
- Highly self-motivated, detail oriented and able to work collaboratively,
- Establish and maintain good working relationships with internal clients and colleagues.
- Presenting skills / meeting hosting
Education & Preferred Qualifications
- At least +1 years of relevant working experience preferably in Depositary / fund accounting / derivatives or financial reporting
- Bachelor's degree, preferable in finance, accounting, economics
- Experienced in MCH & excel functionalities
- VBA, SQL, Xceptor skills would be an advantage
- Knowledge of UCITS & AIFMD, CSSF regulations would be an advantage
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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