Senior Depository Bank Representative
As a Senior Depository Bank Representative, you’ll be responsible for, amongst other things, verifying the output of independent oversight checks in relation to the calculation of the net asset value (NAV), including cash flow monitoring in accordance with the Funds constitutional documentation, UCITS and AIFMD regulations respectively.
The Senior Depositary Bank Representative will be largely responsible for validating the Depositaries workflow (first review process) under two primary functions :
Ensure independent validation checks are carried out to evidence the valuation of Fund assets (NAV) is being performed in all material respects.
Such tasks will include, but not limited to ensuring team compliance procedures and controls specific to shareholder dealing, security valuations, income and expenses, distributions, corporate actions, including performance fees are calculations.
Furthermore, the senior analyst will oversee the activities performed by the team to independently monitor a Fund’s cash flow movements ensuring related activity is transacted in accordance with market practice and is duly reconciled at all times.
Tasks will include effective monitoring of significant and inconsistent transactions, shareholder dealing (subscriptions / redemptions) reconciliations, cash flows attributable to income, expenses, and distributions.
Free of payment cash transfers (margin payments) to third party entities.
The Senior Representative will be responsible to oversee the minimum standards and practices of the Depositary oversight team are adhered and maters arising are escalated to his / her line supervisor in a timely and efficient manner.
drive (insert main component of the job). You’re knowledge of (insert key expertise required) will enable you to multi-task in a fast-
paced environment driven to (insert main purpose of the department). To be successful, you’ll need to (insert core competencies).
If you are looking to push your career to the next level, introduce yourself by submitting your resume.
Key responsibilities include : 1. Transaction Analysis
1. Transaction Analysis
Quality control the depositary’s work flow process relative to NAV and cash flow monitoring oversight process
Ensure the team’s work flow is running smoothly and efficiently at all times.
Allocate the team’s work flow and actively resolve bottle necks as they arise.
Analyze manual / non standard processes; implement solutions to automate the work flow where possible.
Formulate a risk sensitive approach to the depositary oversight service delivery.
Maintain daily work flow for assigned Funds
Escalate matters arising appropriately and in a timely manner
Manage the reporting / escalation of significant’ and inconsistent’ cash flow movements
Ensure the team reconciles cash flow reporting in line with the work flow / best practice
Evidence all cash accounts opened in the name of the AIF are made available to the Depositary
2. Problem Resolution
Monitor and assist staff in terms of problem solving including the resolution / escalation of issues.
Follow up on open inquiries.
Interact with other BBH departments on resolution of issues.
Reconciliation break follow up and resolution
Communicate professionally and constructively to effectively resolve issues in order to minimize risk and exposure.
Communicate with internal departments as necessary.
Contribute to Management Reporting (ie : Clarity, business plan, quarterly board reporting on a timely basis.)
4. Process Improvement
Gain an understanding of the big picture of how specific function impacts the firm.
Contribute to Division / Firm process improvement activities.
Gain efficiencies to improve individual / team productivity initatives
Manage multiple tasks and / or projects efficiently despite resource and time constraints.
Education level and / or relevant experience(s) BA / BS degree or equivalent work experience.
Knowledge and skills (general and technical) Demonstrated Microsoft Office skills.
Ability to identify, escalate and resolve a problem.
Ability to communicate professionally through effective verbal and written skills.
Ability to manage time efficiently and effectively.
Organizational skills and detail-oriented.
Ability to work in a team environment.
Ability to meet deadlines and work under pressure.
Ability to provide team cover inc other Depositary (fiduciary) oversight functions
Ability to work overtime as necessary
What We Offer :
A collaborative environment that enables you to step outside your role to add value wherever you can
Direct access to clients, information and experts across all business areas around the world
Opportunities to grow your expertise, take on new challenges, and reinvent yourself without leaving the firm
A culture of inclusion that values each employee’s unique perspective
High-quality benefits program emphasizing good health, financial security, and peace of mind
Rewarding work with the flexibility to enjoy personal and family experiences at every career stage
Volunteer opportunities to give back to your community and help transform the lives of others