Depositary Assistant Manager

Seeking a Depositary Assistant Manager to oversee fund operations, regulatory compliance, asset safekeeping and reporting activities.  

Role overview

Purpose of job

The Depositary Assistant Manager will work closely with the Depositary Manager/Head of Depositary and provide support within the team to ensure we complete our depositary activities to a high standard and in line with department and client reporting deadlines.

Main responsibilities and duties

• Monitor fund cash flows and verify that investor subscriptions, redemptions, and settlement activities are processed appropriately.
• Perform safekeeping oversight of fund assets, including ownership verification and recordkeeping for assets not held in custody.
• Review and oversee key fund operations, including valuation, dealing, income distribution, and compliance with constitutional documents and applicable regulations.
• Conduct periodic controls and reconciliations to identify exceptions, breaks, or unusual activity, and ensure timely escalation and resolution.
• Liaise with fund administrators, investment managers, custodians, transfer agents, auditors, and other service providers on operational and oversight matters.
• Assist in the review of new funds, fund events, and changes to fund structures, service providers, or investment strategies from a depositary oversight perspective.
• Prepare management information, oversight reports, committee papers, and client deliverables to a high standard and within deadlines.
• Support regulatory, internal, and external audit requests by gathering documentation and providing clear responses.
• Contribute to the maintenance and enhancement of depositary procedures, controls, and operating models.
• Supervise and support junior team members, including review of work, coaching, and development.
• Help ensure that issues, breaches, and risk events are recorded, investigated, and escalated in line with internal governance requirements.
• Participate in client meetings and help maintain strong working relationships with internal and external stakeholders.
• Support process improvement initiatives, system enhancements, and projects affecting depositary operations.
  
  

Essential requirements

• Master's degree in Business Administration, Economics, Law, Finance, or equivalent.
• 3-4 years' experience in depositary, custody oversight, fund administration, or a related fund services environment.
• Good understanding of the regulatory framework applicable to depositary services and investment funds.
• Strong understanding of depositary duties, fund operations, and oversight controls.
• Good knowledge of investment funds, fund structures, and core service provider roles.
• Strong attention to detail and ability to maintain high standards of accuracy.
• Sound organisational skills with the ability to manage multiple priorities and deadlines.
• Clear written and verbal communication skills.
• Ability to build effective working relationships with internal teams, clients, and external service providers.
• Good problem-solving skills and a proactive approach to issue resolution.
• Confidence in reviewing data, reconciliations, and oversight reporting.
• Ability to supervise, review, and support the work of more junior team members.
• Good working knowledge of Microsoft Excel, Word, and PowerPoint.
• Experience reviewing fund operations such as cash flow monitoring, safekeeping, asset verification, and oversight controls.
• Experience working with multiple stakeholders including administrators, custodians, investment managers, and auditors.
• Experience preparing reports, control evidence, and management information.
• Proven ability to work independently while contributing effectively within a team environment.