Senior Depositary Account Manager

The Citco Group Limited; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Well-being programs

Flexible working arrangements

Diversity & inclusion

Job summary

Citco is seeking an experienced Depositary professional to join its UK team. You will lead the deposits and custody function, ensuring robust control environments, regulatory compliance, and strong client service delivery across multiple funds.

As a core member of the Depositary management team, you will work with cross-functional stakeholders and drive risk management, oversight, and continuous improvement in processes and controls.

Qualifications

• Minimum 8 years’ depositary experience within the fund industry.
• Experience in Hedge Fund / Private Equity / Real Estate Alternative Fund sectors.
• Strong leadership and communication skills; ability to manage cross-functional teams.

Responsibilities

• Establish and maintain appropriate control environment to fulfil depositary obligations to the highest standards in a timely and professional manner.
• Ensure full compliance with all policies and procedures, maintaining consistency across global procedures.
• Maintain comprehensive oversight of all Depositary related tasks across clients and teams.
• Manage Depositary team performing review and sign-offs on all NAV reviews, cash flow monitoring, safekeeping of assets and investment compliance reviews.
• Liaise with other departments to ensure errors/breaches recorded and resolved promptly; escalate issues to management when needed.
• Lead on-site inspections of AIFM, administrators and ongoing due diligence of sub-custodians.
• Assist with compilation of material for SOC testing, on-site reviews and annual audit.
• Work with Internal Audit, Operational Control Management & Group Risk to identify, manage and mitigate risk.

Education

Third level business / finance qualification

Job description

JOB DESCRIPTION

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With around $3 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With around $3 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

Responsibilities

About the Team & Business Line

Citco Custody (UK) Limited (CCUK) provides depositary and custody services to Citco Funds Services clients with over $45bn in net assets. Operating in strategic global centers, Citco Fund Services provides clients with access to best of breed processes and technology of which CCUK plays an important role.

As a core member of our Depositary management team, you will work closely with internal stakeholders and cross-functional teams to minimize operational risks and ensure our clients experience a seamless delivery of all elements of our depositary and custody services.

Your Role

• Establish and maintain appropriate control environment to ensure the CCUK fulfils its depositary obligations to the highest standards in a timely and professional manner.
• Ensure full compliance with all applicable policies and procedures, maintaining consistent adherence to global procedures across the depositary business.
• Maintain comprehensive oversight of all Depositary related tasks across clients and teams.
• Manage Depositary team performing review and sign-offs on all Depositary related work including NAV reviews, cash flow monitoring, safekeeping of assets and investment compliance reviews.
• Liaise with other departments to ensure error/breaches are recorded and resolved in a timely manner, as well as ensure prompt escalation to management of any issues.
• Work with clients to resolve queries and escal…?
• Lead in on-site inspections of AIFM, administrators and ongoing due diligence of sub-custodians
• Assist with compilation of material for SOC testing, on-site reviews and annual audit.
• Work closely with Internal Audit, Operational Control Management & Group Risk to identify, manage and mitigate risk associated with the provisions of depositary services.
• Interact with Group Compliance in relation to queries and the delivery of the compliance monitoring plan.
• Provide KPI & KRI reporting to Senior management, Risk Management and Operational Control.
• Assist with training, development and motivation of the team to ensure a positive working environment.
• Participate in key projects to ensure the continued development and evolution of the business.

Qualifications

About You

• Third level business / finance qualification and a minimum of 8 years’ depositary experience within fund industry.
• Previous experience of working in the Hedge Fund / Private Equity, Real Estate Alternative Fund Industry.
• Strong team management experience with commitment to delivering outstanding client service.
• Excellent communicator with strong interpersonal effectiveness.
• 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.