Pasig City, Philippines

Junior Depositary Officer

Full-time / part-time
Finance & Accounting
Ortigas Center
Pasig City

Job description


  • Assist the officer and senior officer in safeguarding and verifying the ownership of their assets and monitor the performance of cash flow activities, including the review of valuations
  • Ensure we comply with the AIFMD requirements and keep up to date with legislation, professional standards and regulatory changes affecting the Luxembourg-domiciled funds, safeguarding us from potential risks
  • To perform cash monitoring and related reconciliations
  • Understand the Funds and investment structures, the transactions put in place, and the instruments used
  • Ensure the supervision of the activity and the transactions initiated by the Funds, including obtaining the relevant transactional documents (e.g. minutes, purchase agreements, notarial deeds, subscription documents etc.)
  • Ensure the appropriate maintenance of the depositary records and internal dashboards
  • Assist the officer and senior officer in the preparation and issuance of the internal periodical reports (KPIs) on the fund’s portfolio
  • Assist in the preparation and issuance of the confirmation of the year-end asset positions
  • Assist the officer and senior officer in maintaining the relationship with clients/AIFM, internal and external service providers such as CA, TA, advisors, auditors, credit institutions etc
  • Ensure high responsiveness and timely delivery with high-quality services
  • Gives regular feedback to the supervisor
  • Escalate without delay issues and risks identified
  • Complies with the internal policies and procedures



    Must have

    • Preferably a University Degree in Finance or Accounting
    • 1-2 years of experience in the area of depositary/custody function gained in a depositary bank or similar experience gained in an audit or fund accounting role
    • Exposure to global external auditing processes or investment fund
    • Private Equity / Real Estate markets experience
    • Good knowledge of MS Office tools (Word and Excel in particular)
    • Fluent in spoken and written English

    Nice to have

    • Fund accounting experience (is an asset)
    • Knowledge of the regulatory environment for depositaries
    • Knowledge or exposure to Alternative Investment Fund Directive or AIF
    • Current and former employees in top global auditing firms are an advantage

    Interested candidates must also be amenable to the following requirements: 

    • Willing to travel to Luxembourg for three months of training
    • With an active passport valid for two years
    • Can travel earliest March 2023

    Additional information

    At IQ-EQ, we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations, emphasising continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.

    Company description

    IQ-EQ is a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery. We support fund managers, global companies, family offices and private clients worldwide.