Alternative Depositary Oversight, Senior Associate (Hybrid)

at  State Street Corporation

WHO ARE WE LOOKING FOR

As part of our business expansion in Luxemburg we are looking for an experienced Alternative Depositary Oversight, professional to join the Depositary team. The Depositary Oversight Team performs the depositary functions for Alternative Investment Funds and UCITS, The candidate will act as deputy to the team leader representing the team internally and towards clients, The candidate will work closely with this/her managers as well as with colleagues from the legal and operations department and other State Street offices.

EDUCATION & PREFERRED QUALIFICATIONS

• Degree in law, economy or finance
• Minimum of 3 to 5 years professional experience in a similar role; ideally in a depositary bank

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.
Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

JOB DUTIES AND RESPONSIBILITIES

• Perform 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 Circulars 16/644 and 18/697.
• Analyzing assets acquired by the fund and determine the flow of ownership verification.
• Review the cash flow monitoring and assess if further investigations are required
• Perform the oversight duties (eg NAV oversight)
• Assist with presenting depositary services to potential clients and internal parties
• Taking part in the determination and assessment of relevant legal documentation on multi-domicile alternative structures such as private placement memoranda, share purchase agreements, corporate and financing documents, title deeds and similar
• Monitoring and taking care of the day-to-day operations of the depositary and following up with third parties, including administrator and fund managers
• Participating in performing due diligence on third parties and clients (AIFMs/ManCo’s)
• Determining and assessing relevant information on alternative structures/ UCITS relating to transactions and cash flows

These skills will help you succeed in this role

• Non-technical competencies:
• Ability to analyze a situation and obtain information to reach sound conclusions
• Strong organizational skills, with attention to detail and meeting tight deadlines
• Excellent communication skills
• Service-oriented and results-focused
• Ability to work autonomously
• Good team player
• English and either French or German (fluent, spoken and in writing)
• Other languages are an advantag