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Depositary Oversight Specialist
Posted on March 10, 2025
- Luxembourg, Luxembourg
- No Salary information.
- Full Time
About Citco:
The Citco Banks offer our clients the ability to transact, place cash on deposit and access foreign exchange markets and loan facilities. Operating from multiple locations globally, we provide custody and depositary services and credit facilities, with our solutions fully integrated with our fund administration and corporate and trust offerings.
About the Team & Business Line:
Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best-in-class process and technology.
As a core member of our Compliance team you will work closely with internal stakeholders and cross-functional teams to minimize operational risks and ensure our clients experience seamless delivery acrossbanking services.
Your Role:
- Maintain and enhance depositary procedures, review programs and checklists.
- Involved in assessing the complexity of AIF strategies and determine how to apply oversight procedures appropriately to each AIF.
- Evaluate Private Equity, Debt and Real Estate transactions and cash flows.
- Obtain and assess legal documentation to fulfill depositary’s ownership verification and record keeping duties.
- Work with internal and external parties to resolve queries and escalate any issues.
- Assist the on-site inspections of AIF administrators and sub-custodians.
- Attend periodic client service meetings / board meetings.
- Provide departmental reporting to management and participate in team development activities and ad-hoc projects.
About You:
- You have a third level business / finance / legal qualification and a minimum of 3years operational experience in the alternative funds industry.
- Experience working with some of the following assets classes - private equity, infrastructure, debt or real estate investment funds.
- Display in depth knowledge of depositary duties and responsibilities.
- Strong written and spoken English.
Our Benefits
Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
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