Depositary Oversight Manager, Private Equity & Real Estate (Assistant Vice President) Depositary Oversight Manager, Private Equity &  …

State Street Corporation
in Luxembourg
Permanent, Full time
Last application, 15 Oct 21
State Street Corporation
in Luxembourg
Permanent, Full time
Last application, 15 Oct 21
State Street Corporation
From technology and product innovation to corporate responsibility and community development, we’re making our mark on the financial services industry. We’re a global company with diverse people and experiences, and a network of over 35,000 employees spanning more than 100 markets. For us, success comes from the impact our employees have – on our clients, our communities and each other. We’re committed to providing an inclusive environment where all employees feel valued and supported. Join us and make your mark at State Street.

In the role of Depositary you will be responsible for:

The Depositary Oversight Team performs the depositary functions for Alternative Investment Funds and UCITS,  The candidate will act as deputy to the Vice President representing the team internally and towards clients,  

The candidate will work closely with this/her managers as well as with colleagues from the legal and operations department and other State Street offices.

Specific Duties:

  • Overview  day-to-day operations linked  to the requirements as stipulated in AIFMD  and UCITS V Directives as well as linked to the articles in the CSSF Circular18/697.  Ensure that all controls are performed and assist/support the team.
  • Analyzing assets acquired by the fund and determine the flow of ownership verification.  Attend client meetings to  explain and justify the required documents
  • Taking part in the determination and assessment of relevant legal documentation on multi-domicile alternative structures such as private placement memoranda, share purchase agreements, corporate and financing documents, title deeds and similar
  • Review the cash flow monitoring performed by the team and assess if further investigations are required.  Ensure that all backup is collected and mentor team members if needed.
  • Review the tasks linked to  the oversight duties completed by the team.
  • Assist with presenting depositary services to potential clients and internal parties
  • Review escalation reports and participate in Board meetings to represent the Depositary.
  • Participating in performing due diligence on third parties and clients (AIFMs/ManCo’s)
  • Ensuring implementation of and compliance with relevant internal procedures
  • Setup and use tools allowing to have a view on the status of the controls performed by the team and determine the team client allocation accordingly.
  • Take ownership in projects assigned to the Depositary.

Non-technical competencies:

  • Ability to analyze a situation and obtain information to reach sound conclusions
  • Adopt a risk based approach and ability to escalate risky items
  • Strong organizational skills, with attention to detail and meeting tight deadlines
  • Excellent communication and management skills
  • Service-oriented and results-focused
  • Ability to work autonomously and take ownership
  • Take initiative
  • Good team player

To be successful in this role, your experience should include:

  • Minimum of 5 to 8 years professional experience in a similar role; ideally in a depositary bank
  • Strong knowledge of private equity and real estate Luxembourg fu
  • Degree in law, economy or finance

About State Street

What we do.

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at

About Us

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.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, 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. For more information, for U.S. jobs only, please read our CEO Statement.

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