Job Description
To work within the Depositary team, carrying out asset verification, cash monitoring and compliance oversight for investment funds investing in private equity, real estate, infrastructure, renewable energy, forestry, and other asset classes.
Direct responsibility for administering and managing a portfolio of Depositary clients whilst providing oversight and support to Depositary Analysts, including, but not limited to, asset verification (primarily ensuring that each Client Fund or Fund entity has supplied sufficient information to prove good legal title over the assets it owns), cash monitoring (primarily ensuring all cash transactions are consistent with the Funds operations, and cash balances are reconciled) and compliance oversight (primarily ensuring the Client is complying with all relevant aspects of the AIFMD), understanding the AIFMD legislation and managing and building relationships with clients and other key business areas).
Tasks (what does the entail on a day-to-day basis)
Ensuring, by direct undertaking and by review of Depositary Analyst’s work:
* Each Client Fund or Fund entity have supplied sufficient documentary evidence to prove effective legal title over the assets they claim to own.
* In depth understanding of risk factors across each asset class and/or the location of assets.
* In depth understanding of the legal frameworks under which assets are held.
* Each Client Fund or Fund entity cash flows are in consistent with its operations and cash balances reconciled.
* Ongoing Client compliance with the AIFMD
* Acting as the escalation point for the Depositary Analyst for more complex areas.
* Setting day to day priorities for yourself and the Depositary analyst to ensure internal deadlines are met.
* Managing the AIFMD reporting process, including liaising with the client and internal service centres to ensure deadlines are met.
* You take responsibility for the duties delegated to you and to ensure that any concerns or potential risks are mitigated and where appropriate escalated to the Depositary Manager.
* To take the initiative and to suggest new procedures to assist the team, efficiently and effectively, going forward.
Qualifications
* Required: Experience working in a finance-based role within a dynamic and pro-active financial services environment
* Desirable: Working knowledge of the AIFMD
* Desirable: Experience working within a Depositary function
* Desirable: Qualified or part-qualified Accountant
* Experience working with Collective Investments Schemes, ideally including Private Equity
* Comfortable reading and interpreting fund and legal documents
* Strong understanding of the cash reconciliation process
* Strong understanding of what constitutes a strong control environment and the importance of compliance.
* Adaptable and flexible regarding activities undertaken.
* Calm and practical under pressure
* Willingness to travel if necessary.
* Proficiency in Microsoft Office applications.
Additional Information
OUR COMMITMENT TO YOU AND THE ENVIRONMENT
Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.
There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.
Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 5,800+ employees - from 94 nationalities, across 25 countries - to each achieve their potential. Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.
We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.