Job description
We are looking for a Depositary Analyst to join our Belfast Depositary team and carry out asset verification, cash monitoring and compliance oversight for investment funds investing in private equity, real estate, infrastructure, renewable energy, forestry and other asset classes.
You will be responsible for administering and managing a portfolio of Depositary clients, including, but not limited to, asset verification (primarily ensuring that each Client Fund or Fund entity has supplied sufficient information to prove good legal title over the assets it owns), cash monitoring (primarily ensuring all cash transactions are consistent with the Funds operations, and cash balances are reconciled) and compliance oversight (primarily ensuring the Client is complying with all relevant aspects of the AIFMD), understanding the AIFMD legislation and managing and building relationships with clients and other key business areas).
Day to day
- Ensuring each Client Fund or Fund entity have supplied sufficient documentary evidence to prove effective legal title over the assets they claim to own;
- Understanding risk factors across each asset class and/or the location of assets;
- Understanding the legal frameworks under which assets are held;
- Ensuring each Client Fund or Fund entity cash flows are in consistent with its operations and cash balances reconciled
- Ensuring ongoing Client compliance with the AIFMD
- To take responsibility for the duties delegated to you and to ensure that any concerns or potential risks are mitigated and where appropriate escalated to the Depositary Manager;
- Have the initiative and ability to suggest new procedures to efficiently and effectively assist the team going forward;
- To develop a working knowledge of AIFMD.