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DEPOSITARY BANK ACCOUNT MANAGER SENIOR

  • Location

    Luxembourg

  • Sector:

    Finance & Banking

  • Job type:

    Permanent

  • Salary/Rate:

    Negotiable

  • Contact:

    Toby Jacobs

  • Contact email:

    tjacobs@skillfindergroup.com

  • Job ref:

    19554USER_52

  • Consultant:

    Toby Jacobs

Senior Depositary Bank Account Manager

A dynamic role requiring strong analytical skills, attention to detail, and the ability to navigate complex issues. Success in this position depends on collaboration, critical thinking, and effective communication.

Key Responsibilities

  • Oversight & Control Design: Contribute to the development and execution of robust depositary bank oversight controls. Ensure these controls remain efficient, up-to-date, and continuously enhanced to maintain a strong control environment.

  • First Line of Defense: Monitor and ensure timely execution of first-line controls in accordance with internal procedures. Escalate any identified risks, including potential fund or counterparty failures.

  • Operational Effectiveness: Maintain a 360° view of processes and systems to ensure operational efficiency. Stay informed on business, technical, and regulatory developments impacting the role.

  • Counterparty Management: Support acceptance and monitoring processes for all counterparties within the Bank and its client base. Assist the Network Management function locally and across jurisdictions within the Luxembourg hub.

  • Client Asset Governance: Help maintain a robust governance framework for client asset requirements. Establish best practices and contribute to safekeeping activities and client asset controls.

  • Strategic Support: Act as a trusted advisor to the Head of Depositary Bank on complex issues and projects, providing insights and solutions.

Profile & Competencies

  • Education: Master’s degree (or equivalent) in economics, law, or a related field. Additional training in risk management or banking/fund industry topics is highly desirable.

  • Experience: Minimum 7 years in audit (internal or external), with strong theoretical and practical knowledge of network management, fund control, and operations.

  • Industry Expertise: Comprehensive understanding of Depositary responsibilities under UCITS, AIFMD, and MiFID. Ability to analyze complex fund structures and strategies.

  • Skills & Attributes:

    • Problem-solving mindset with a proactive, “can-do” attitude.
    • Ability to connect diverse elements and manage multiple risks effectively.
    • High level of commitment, capable of working independently or collaboratively.
    • Strong organizational skills to coordinate across disciplines, prioritize tasks, and meet tight deadlines.