Depositary Oversight, Officer

State Street Corporation; Kilkenny; On-site; EUR 80,000 - 110,000; Full time

Job summary

State Street Corporation in Ireland seeks a Depositary Oversight Officer reporting to the Depositary Vice President. This permanent role offers exposure to all areas of Depositary activities, helping formulate and implement Depositary policy and procedures amid a changing regulatory environment.

The role involves leading an investment monitoring team, ensuring compliance with investment restrictions including derivatives, and collaborating with clients to address exceptions identified.

Qualifications

• Degree qualified.
• Relevant funds industry experience.
• Understanding the funds investment objective and strategies is preferable.
• Sound understanding of the regulatory framework for Funds (UCITS/Non-UCITS).
• Knowledge of, or familiarity with, investment monitoring systems.
• Highly computer literate.

Responsibilities

• Managing an investment monitoring team members in their review of all fund types to ensure compliance with the funds’ investment restrictions including sophisticated derivatives and discussing with clients any exceptions that are identified
• Ensure timely and proper completion of tasks of team members
• Review and comment on draft prospectuses and financial statements
• Appraise performance of team members
• Devise work programs and schedules
• Select potential team members
• Ensure breaches are rectified in a timely manner
• Respond to client queries
• Test of compliance monitoring systems and reporting thereon
• Attend board meetings
• Create and update Depositary policies and procedures

Skills

Attention to detail

Communication

Teamwork

Team supervision

Education

Degree qualified

Relevant funds industry experience

Understanding funds investment objectives & strategies

Regulatory framework for Funds UCITS/Non-UCITS

Investment monitoring systems familiarity

Highly computer literate

Job description

Who we are looking for

We are looking for a Depositary Oversight Officer reporting directly to Depositary Vice president. This Permanent position is an opportunity for a suitable candidate to gain exposure to all areas of Depositary activities and management experience, to assist in the formulation and implementation of Depositary policy and procedures in a key department and changing regulatory environment. Previous experience in structured products including derivatives would be a distinct advantage in addition to strong technical IT skills.

Why this role is important to us

You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship - for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer - across all of our locations, products, and capabilities. Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for

• Managing an investment monitoring team members in their review of all fund types to ensure compliance with the funds’ investment restrictions including sophisticated derivatives and discussing with clients any exceptions that are identified
• Ensure timely and proper completion of tasks of team members
• Review and comment on draft prospectuses and financial statements
• Appraise performance of team members
• Devise work programs and schedules
• Select potential team members
• Ensure breaches are rectified in a timely manner
• Respond to client queries
• Test of compliance monitoring systems and reporting thereon
• Attend board meetings
• Create and update Depositary policies and procedures

What we value

• Ability to allocate workloads appropriately to ensure client and regulatory requirements are met within agreed deadlines
• Excellent attention to detail, and ability to work under pressure and to tight deadlines
• Demonstrated ability to supervise a team
• High communication skills, both verbal and written
• Good organizational skills and methodical way of thinking
• Team player

Education & Preferred Qualifications

• Degree qualified
• Relevant funds industry experience
• Understanding the funds investment objective and strategies is preferable
• Sound understanding of the regulatory framework for Funds (UCITS/Non-UCITS)
• Knowledge of, or familiarity with, investment monitoring systems
• Highly computer literate

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement