Depositary Account Manager

Citco GSGS; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global fund services provider in London is seeking a core member for their Depositary team. The ideal candidate will manage client relationships and oversee depositary duties, requiring a minimum of 6 years of operational experience in the alternative funds industry. Strong leadership and a commitment to client service are essential. This role offers flexible working arrangements and a range of benefits.

Benefits

Training and education support

Flexible working arrangements

Diversity and inclusion initiatives

Qualifications

• Minimum of 6 years operational experience in the alternative funds industry.
• Experience with private equity, infrastructure, debt, or real estate investment funds.

Responsibilities

• Be the relationship owner for a group of clients.
• Manage operational team performing cash flow monitoring.
• Prepare, review and sign-off on all Depositary related work.
• Enhance depositary procedures and liaise with internal audit.

Skills

Client service commitment

Team player

In-depth knowledge of depositary duties

People management

Strong written and spoken English

Education

Third level business / finance / legal qualification

Job description

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

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 centers, Citco Bank provides access to best of breed process and technology.

As a core member of our Depositary team, you will work closely with internal stakeholders and cross-functional teams to provide international investment managers with a comprehensive custody and banking service to meet their alternative investment strategies.

Qualifications

• Third level business / finance / legal qualification and a minimum of 6 years operational experience in the alternative funds industry;
• You are experienced working with some of the following asset classes - private equity, infrastructure, debt or real estate investment funds;
• You are a strong team player with commitment to deliver outstanding client service;
• You display in depth knowledge of depositary duties and responsibilities;
• You are an experienced people’s manager;
• You have 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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Responsibilities

• Be the relationship owner for a group of clients (Private Equity and Real Estate Funds, Fund of Hedge Funds and Single Manager Funds using Prime Brokers).
• Act as point of escalation for client issues, operational issues, and risk events.
• Responsible for fund on-boarding and risk assessments.
• Manage operational team performing cash flow monitoring, investment and borrowing restriction checks, oversight of administration and safekeeping of other asset.
• Prepare, review and sign-off on all Depositary related work
• Interact with Group Compliance in relation to queries and the delivery of the compliance monitoring plan
• Participate in the on-site inspections of AIFM, administrators and ongoing due diligence of sub-custodians.
• Enhance depositary procedures, review programs and checklists, as well as liaise with internal audit, compliance, risk and control teams.
• Provide departmental reporting to management through KPI’s and participate in team development activities and ad-hoc projects
• Monitor the performance of the outsourcing providers against agreed (SLAs) and key performance indicators (KPIs).
• Attend client service meetings / board meetings.
• Assist with training, development and motivation of the team to ensure a positive working environment.