Depositary - Senior Associate

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates.

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

Depositary Senior Associate

Department: Depositary – European Depositary Bank Dublin Branch

Tasks

You will primarily be responsible for completing first level checks and reviews required for 'Cashflow Monitoring', 'Investment and Borrowing Restriction Monitoring' 'Safekeeping of Assets' and certain 'NAV Oversight' duties as required in accordance with depositary procedures.

Key Responsibilities:

• Perform the daily Cash flow monitoring and reconciliation process and ensure completeness of the controls on a daily basis to include:
• Reconciliation of subscriptions and redemptions
• Identifying and recording new cash accounts
• Identifying and reconciling all cash flow movements
• Highlighting any significant or inconsistent cash flows
• Conduct Investment and Borrowing monitoring checks for assigned funds
• Ensure that any breaches and NAV errors identified are immediately reported to Depositary Management and logged
• Conduct certain NAV Oversight reviews as assigned, to include:
• Cash and Stock Reconciliations
• Distribution Reviews
• TA Reconciliations
• Failed Trades Checks
• NAV Reviews
• Compile and update KPI and revenue reporting for submission to Management
• Ensure adherence to all policies & procedures and local laws and regulations
• Assist in Client relationship management for trustee / depositary clients;

Position Requirements

• Preferably 1-2 years work experience in a depositary/fund accounting/Investment Manager role or similar experience
• Excellent oral and written communication skills
• Strong organisational and multi-tasking skills
• Strong analytical and problem solving skills
• Strong knowledge of quality control techniques/procedures
• Strong understanding of product range and operational processes
• Ability to work under pressure and to fixed deadlines
• A strong attention to detail
• Educated to degree level (or overseas equivalent)
• Fluent English essential

As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.