Senior Depositary Analyst
Apex Group Ltd
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.
Apex Group is currently looking for a qualified depositary oversight officer to support our Depositary department in Luxembourg. This Senior Depositary Analyst role comes with a generous salary and benefits package.
The European Depositary Bank, you will be working for, is a provider of Banking, Depositary and Custody services within Apex.
As a Senior Depositary Analyst, your main responsibilities will be to:
Assume the responsibility for the effective performance of depositary bank oversight controls, ensure their efficiency and robustness at all times
Ensure that first line of defense controls relating to the funds are executed in a timely manner and in line with internal procedure, escalate any identified issue
Assess the complexity of Funds’ strategies and determine how to apply oversight processes in line with the nature, scale and complexity of each Fund
Maintain and enhance depositary procedures, contribute actively to the review of the control framework including checklists, and suggest improvements
Participate in the coordination of projects, requests for proposals, audits and holding confirmation campaigns, due diligences (e.g. AIFM, ManCos, Central administrators, storage facilities for physical assets) whether performed remotely or on-site
Monitor and report on the effectiveness of the operational output from third party service providers, and escalate any identified issue where appropriate
Work with internal & external parties to resolve queries, and provide departmental reporting to management
Represent the Depositary oversight function internally within the Group, and externally by attending commercial venues and seminars
Keep up-to-date with related business, technical and regulatory developments
As a candidate for the role, you offer:
Master’s degree or equivalent in economics, management, law, or any other relevant education, ideally supplemented with training in risk management or relating to the banking / fund industry overall with emphasis on alternative funds
Professional experience consisting of minimum 3 years in a similar position, fund control or operations, client service management with focus on alternative funds’ activities and operations, any experience in the field of audit is welcomed
Broad fund industry knowledge of the responsibilities of the Depositary under both UCITS and AIFMD. An understanding of complex Private Equity, Real Estate, and Hedge Funds’ strategies being a distinct advantage for the role
Problem solving approach coupled with a « can do » attitude. An ability to connect different elements together, and manage various risks effectively
High and constant level of commitment, equally comfortable working independently or within a team. Ability to coordinate work across multiple disciplines, prioritize, and handle multiple tasks while meeting tight deadlines
Good communication skills i.e. able to articulate complex issues and deliver concise messages verbally and in writing in English being the corporate language of the Bank, German and / or French being a distinct advantage. Working proficiency in English required since being the corporate language of the Bank
Computer literacy consisting of strong functional knowledge of Microsoft Office suite applications, particularly in Excel, knowledge in VBA being an asset
The concept of value of diversity and inclusion at the Bank, as to promote a culture where anyone can realize its full potential, and bring its true, authentic self to work
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.