US Bank Depositary Supervisor Category Banking Operations 

Ireland, Dublin 

487358981

Depositary Supervisor Job Description - US Bank

U.S. Bank introduced its full depositary services offering in Europe in 2018. The offering supports regulated investment funds domiciled in the EU that are required to appoint a depositary to comply with the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investments in Transferable Securities Directive (UCITS). Elavon Financial Services DAC trading as U.S. Bank Depositary Services is authorised and supervised by the Central Bank of Ireland.

About You

You are a confident depositary professional with a comprehensive understanding of the Irish Financial Services market. You are comfortable working within a robust control framework to support the growth of the Depositary function.

Your knowledge of the Depositary obligations for UCITS and AIFMD funds is comprehensive. You have excellent communication skills, with a proven ability to maintain and enhance client relationships.

We work to tight deadlines so a methodical approach to planning is a must, with a strong attention to detail.

Responsibilities

Reporting to the Depositary Ireland Lead, all duties are performed in accordance with the Central Bank of Ireland Regulations and the requirements of each fund’s constitutional documentation.

Key Requirements:

• Support the Management of the Depositary team.
• Reviews the key tasks of cash flow monitoring, investment and borrowing restriction checks, safekeeping of other assets and NAV oversight.
• Review the work of the team and ensure it is completed to a high standard.
• Lead new business take on for certain clients and existing relationships.
• Manage the workflows of the team and support the team with training and guidance.
• Key support in performing on- site inspections of the Fund Administrator and performing due diligence reviews of the Managers and the Investment Managers.
• Gain exposure working across multiple products and structures, from UCITS to Alternatives including Hedge and Private Debt.
• Key contributor in department projects and review processes to ensure a seamless and more automated service offering.
• Act as a day-to-day contact for clients and attend client calls and board meetings as required.
• Log and maintain the breach and error register and ensure that team members populate the register in a timely manner.
• Train and mentor new staff and involvement in performance discussions and lead 1-1 employee meetings.

Experience

• Minimum 5 years relevant Depositary/Trustee industry experience.
• Ideally proven track record with people management and training of team members.
• Third level qualification in Business/Finance/Economics or related area.
• Strong oral and written communication skills.
• Excellent interpersonal with customer focus.
• Strong organisational and administrative skills.
• Ability to multi-task, prioritise work and manage time to maximise efficiency and to meet strict deadlines.
• Flexible / Adaptable.
• Strong UCITS and AIF knowledge with experience in working with Private Equity funds a distinct advantage.

Job Description

U.S. Bank introduced its full depositary services offering in Europe in 2018. The offering supports regulated investment funds domiciled in the EU that are required to appoint a depositary to comply with the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investments in Transferable Securities Directive (UCITS). Elavon Financial Services DAC trading as U.S. Bank Depositary Services is authorised and supervised by the Central Bank of Ireland.

About You

You are a confident depositary professional with a comprehensive understanding of the Irish Financial Services market. You are comfortable working within a robust control framework to support the growth of the Depositary function. Your knowledge of the Depositary obligations for UCITS and AIFMD funds is comprehensive. You have excellent communication skills, with a proven ability to maintain and enhance client relationships.

We work to tight deadlines so a methodical approach to planning is a must, with a strong attention to detail.

Responsibilities

Reporting to the Depositary Ireland Lead, all duties are performed in accordance with the Central Bank of Ireland Regulations and the requirements of each fund’s constitutional documentation.

Key Requirements:

• Support the Management of the Depositary team.
• Reviews the key tasks of cash flow monitoring, investment and borrowing restriction checks, safekeeping of other assets and NAV oversight.
• Review the work of the team and ensure it is completed to a high standard.
• Lead new business take on for certain clients and existing relationships.
• Manage the workflows of the team and support the team with training and guidance.
• Key support in performing on- site inspections of the Fund Administrator and performing due diligence reviews of the Managers and the Investment Managers.
• Gain exposure working across multiple products and structures, from UCITS to Alternatives including Hedge and Private Debt.
• Key contributor in department projects and review processes to ensure a seamless and more automated service offering.
• Act as a day-to-day contact for clients and attend client calls and board meetings as required.
• Log and maintain the breach and error register and ensure that team members populate the register in a timely manner.
• Train and mentor new staff and involvement in performance discussions and lead 1-1 employee meetings.

Experience

• Minimum 5 years relevant Depositary/Trustee industry experience.
• Ideally proven track record with people management and training of team members.
• Third level qualification in Business/Finance/Economics or related area.
• Strong oral and written communication skills.
• Excellent interpersonal with customer focus.
• Strong organisational and administrative skills.
• Ability to multi-task, prioritise work and manage time to maximise efficiency and to meet strict deadlines.
• Flexible / Adaptable.
• Strong UCITS and AIF knowledge with experience in working with Private Equity funds a distinct advantage.

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