US Bank Depositary Assistant Manager Category Banking 

Ireland, Dublin 

570898888

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.

This entails monitoring each fund’s compliance with prospectus based and regulatory investment restrictions and borrowing limits, as well as performing reviews in respect of the role of the administrator and appointed global custodians / prime brokers, managers and ManCOs and AIFMs.

• Support the Management of the Depositary team.
• Experienced Funds Services individual who wishes to move to the next level within Depositary with a growing business in the market.
• Acts as key client service contact for Depositary Services clients including leading on new business take on for certain clients and existing relationships.
• Interested in building out the Depositary team as a European service offering and gain exposure working with the Depositary team in Luxembourg.
• Gain exposure working across multiple products and structures, from UCITS to Alternatives including Hedge and Private Debt.
• Ability to partake and to lead various projects and to work with a dedicated Depositary and Custody Product team to create a ‘top of the class’ service offering.
• Reviews Depositary tasks and take part with discussions and projects with compliance, risk, and internal audit teams.
• Key contributor in department projects and review processes to ensure a seamless and more automated service offering.
• Interact with colleagues, peers and senior management in a way that ensures the ‘end goal’ is achieved in a productive way.
• Reviews the key tasks of cash flow monitoring, investment and borrowing restriction checks, safekeeping of other assets and NAV oversight.
• Work with senior management within Depositary and Business Line Risk to ensure strong control environment in place.
• Support the workflows of the team – including adherence to all mandatory training requirements and ensuring the area is operating to high standards.
• Review the work of the team and ensure it is completed to a high standard.
• Act as a day-to-day contact for clients and attend board meetings as required.
• Train and mentor new staff and involvement in performance discussions and lead 1-1 employee meetings.

Experience

• Minimum 6 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.