Depositary Oversight Validation Expert (Swedish Regulations)

Consultant – Depositary Oversight Validation (Swedish Regulations)

We are seeking an experienced consultant to support the setup and validation of a new Swedish branch’s Depositary Oversight Framework. This role offers a unique chance to contribute to the establishment of a local control and monitoring model for Swedish-domiciled UCITS and AIFMD funds, ensuring it aligns with both regulatory requirements and market best practice.

You will play a pivotal role in validating and refining processes, ensuring they are fit for purpose in a start-up environment with high regulatory visibility and limited local staffing at inception.

What You’ll Do

As the lead consultant, you will:

Validate oversight processes covering key areas such as:

• Investment compliance rules
• Cash flow monitoring
• Capital allocation controls
• NAV oversight and valuation checks
• Dividend distribution controls
• Timely settlement of transactions
• ESG and CSR-related monitoring
• Safekeeping and recordkeeping obligations
• Ensure robust client and regulatory reporting (regular and ad-hoc).
• Oversee interactions with regulators, boards of directors, and prudential authorities.
• Evaluate the adequacy of the outsourcing and support model.
• Provide independent assurance on the operating model to strengthen local governance and oversight.

What We’re Looking For

• In-depth knowledge of UCITS and AIFMD frameworks.
• Proven expertise in Depositary oversight and fund operations.
• Experience with regulatory engagement in the EU (Nordic experience highly valued).
• Background in custody, compliance, or risk management within financial services.
• Ability to work independently in a new branch/start-up environment.
• Strong communication skills in English; Swedish is an advantage.