Depositary Services Team Leader - Alternatives

at  Brown Brothers Harriman

At BBH we value diverse backgrounds, so if your experience looks a little different from what we’ve outlined and you think you can bring value to the role, we will still welcome your application!
What You Can Expect At BBH:
If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

Key Responsibilities:

• Manage task allocation and provide directional support as appropriate.
• Review the work performed by the team relating to due diligence and ongoing monitoring activities and/or directly handle the more complex client relationships.
• Develop and retain strong performing staff, manage career and development progression.
• Actively manage direct reports, provide for a positive working atmosphere.
• Provide on-going feedback and coach staff to improve, individual and team performance.
• Delegate effectively, set clear target objectives, and celebrate team /departmental achievements.
• Identify areas of risk during control reviews.
• Build Strong relationships with Clients and have the knowledge and ability to explain the regulatory drivers behind these requirements.
• Support team in determining appropriate resolutions to new regulatory obligations.
• Monitor, report, define and document critical internal control processes.
• Formulate corrective actions, where applicable, to resolve identified exceptions.
• Coordinate internal and external projects in an efficient and thorough manner.
• Prepare and review documentation for regulators and external auditors.
• Support Team on questions from clients, regulators, external auditors and/or BBH internal departments. Communicate clearly with business area contacts as well as other areas of the Bank.
• Maintain effective working relationships at relevant levels with other departments.
• Escalate within the team significant audit issues, set direction/communicate proposed manner of resolution of audit issues and concerns that have a significant impact.
• Develop and maintain peer relationships to share best practices.
• Be an active member in implementing the control framework regarding Depositary Oversight obligations.
• Develop and execute the Depositary Bank Continuous Oversight & Monitoring Process. This includes the development & execution of an inventory of tasks, inputs & sources, frequency of reviews, monitoring thresholds and follow-up parameters, documentation standards and reporting requirements, and escalation procedures.
• Ensure the completeness of the Fund specific reviews in line with the agreed annual schedule - review the implementation of the operating models making sure that appropriate controls are in place and issues are identified and escalated timely and appropriately.

Qualifications:

1. Education level and/ or experience

• Bachelor degree in Finance, Accounting
• 4 to 5 years’ experience working within the alternative funds industry or relevant business line experience.

1. Knowledge and skills

• Excellent analytical, communication and interpersonal skills with ability to present complex and sensitive issues.
• Proven technical skills in alternatives and regulation.
• Advanced knowledge in European and local regulatory requirements
• Demonstrates Microsoft Office skills (with emphasis placed on Excel proficiency).
• Ability to learn and adapt to new technologies and systems.
• Ability to identify, escalate and resolve a problem.
• Ability to communicate professionally through effective verbal and written skills.
• Ability to manage time efficiently and effectively.
• Organizational skills and detail-oriented.
• Ability to work in a team environment.
• Ability to meet deadlines and work under pressure.
• Ability to manage and inspire people.

• Manage task allocation and provide directional support as appropriate.
• Review the work performed by the team relating to due diligence and ongoing monitoring activities and/or directly handle the more complex client relationships.
• Develop and retain strong performing staff, manage career and development progression.
• Actively manage direct reports, provide for a positive working atmosphere.
• Provide on-going feedback and coach staff to improve, individual and team performance.
• Delegate effectively, set clear target objectives, and celebrate team /departmental achievements.
• Identify areas of risk during control reviews.
• Build Strong relationships with Clients and have the knowledge and ability to explain the regulatory drivers behind these requirements.
• Support team in determining appropriate resolutions to new regulatory obligations.
• Monitor, report, define and document critical internal control processes.
• Formulate corrective actions, where applicable, to resolve identified exceptions.
• Coordinate internal and external projects in an efficient and thorough manner.
• Prepare and review documentation for regulators and external auditors.
• Support Team on questions from clients, regulators, external auditors and/or BBH internal departments. Communicate clearly with business area contacts as well as other areas of the Bank.
• Maintain effective working relationships at relevant levels with other departments.
• Escalate within the team significant audit issues, set direction/communicate proposed manner of resolution of audit issues and concerns that have a significant impact.
• Develop and maintain peer relationships to share best practices.
• Be an active member in implementing the control framework regarding Depositary Oversight obligations.
• Develop and execute the Depositary Bank Continuous Oversight & Monitoring Process. This includes the development & execution of an inventory of tasks, inputs & sources, frequency of reviews, monitoring thresholds and follow-up parameters, documentation standards and reporting requirements, and escalation procedures.
• Ensure the completeness of the Fund specific reviews in line with the agreed annual schedule - review the implementation of the operating models making sure that appropriate controls are in place and issues are identified and escalated timely and appropriately