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Alternative Depositary Oversight, Senior Associate (Hybrid)

State Street Corporation
Luxembourg, Luxembourg
Closing date
Jul 5, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

What we can offer you
Flexibility to blend working from home or office, an excellent benefits package (including pension plan, additional days off, and more), strong personal and career development programs to support your career journey within the diversified workforce of a global player including international mobility.
As the largest Fund Administrator, Transfer Agent and Depositary Bank in Luxemburg, working at State Street enables you to collect a profound insight into a broad service offering echoing our large market coverage in the fund industry delivering a variety of products across our global client base.

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.

Role available and what you will be responsible for
Depository Analyst
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
What we value
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 advantage

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

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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