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Depositary Manager
- Posted 07 May 2020
- Salary £70000 - £75000 per annum + Benefits & Pension
- Location
- Job type Permanent
- Discipline Accounting & Finance
- ReferenceSLS_DEPOSIT_1588873436
- Contact NameSinead Lennon-Smith
Job description
Our Client, an international trust management business based in the City of London, is looking for a Depositary Manager to join their HQ in London.
The Depositary Manager will be responsible for overseeing the administration of a portfolio of Depositary clients who are primarily private equity, real estate, infrastructure and debt funds.
Key responsibilities will include:
Client Management
- Work with the team to ensure a consistent, high-level of client service delivery across client portfolios ensuring all client deliverables are subject to satisfactory quality review
- Manage and develop client relationships
- Ensure client files are correctly maintained, all correspondence and documentation is accurately and regularly filed
People Management
- Act as line manager, ensuring that team supervised, directed and engaged in day-to-day work
- Support the team with process and other relevant training and career development considerations
- Support the team with technical considerations that may require an additional level of judgement
Operational Development
- Work with the team to ensure the internal control framework is consistently delivered across the depositary services business
- Where required, represent the depositary business at internal operational working groups
- Assist with continuous development of the operating framework for depositary services risk management
- Act as a trusted sounding board for internal and external considerations concerning new business risk assessments, financial decisions and formal client communications
- Regular review and update of ISAE 3402 framework and ensure successful certification
- Consider at all times the AML and KYC issues and report any concerns to the appropriate officer
Financial Performance Management
- Contribute to the UK Head of Funds Services annual budget & forecast setting process
- Work with the depositary services team to coordinate team time recording and client portfolio allocation
- Liaise effectively with the internal finance team on billing, draft invoice reviews and aged debt collection
- Review aged debt and other financial information as required by the internal Finance team
Business Development
- Assist in building the depositary service offering acting as the first point of contact for proposal-drafting, fee estimations and resource considerations
- Work with the business development team to facilitate effective response to opportunities
- Support the Head of Fund Services in the ongoing assessment and development of the UK service line literature
Skills/Experience
- Experience working in an FCA-regulated environment
- Solid working knowledge of AIFMD requirements with experience working in a Depositary/Fund Administration environment, preferably with Private Equity/Real Estate/Infrastructure/Debt funds
- Team management experience