Depositary Analyst

General Position Summary:
As part of the Depositary Department, join a Team focused on PE/RE environment, performing onboarding and some oversight duties on a set of clients. Work closely with colleagues from Depositary oversight departments, Center of Excellences and other State Street offices.

Specific Duties:
Onboarding of new clients:
- Perform the analysis of the various funds’ structures with investments in private equities/real estate/infrastructure and direct debt.- Analyze funds’ documentation to identify the investment restrictions, distribution policy, valuation.- Identify risks for fund to be launched and prepare the new business acceptance process.- Perform due diligence and setup operating memoranda with relevant parties (AIFM and other service providers such as fund accountants, investor services, etc.).- Prepare the setup of day-to-day operations linked to the requirements set by the AIFM Directive and the CSSF Circular 18/697.- Analyzing assets acquired by the fund and determine the flow of ownership verification.- Take part in the determination and assessment of relevant legal documentation on alternative structures such as private placement memoranda, share purchase agreements, corporate and financing documents, title deeds and similar.- Ensuring implementation of and compliance with relevant internal procedures.- Assist the manager in the Depositary calls and interact with the different internal (CRM’s, Legal, Risk, Compliance, Fund Administration, etc.) and external (Promoters, AIFM’s, CRM’s, external service providers, etc.) parties.- Prepare escalation reports for AIFM’s.- Participate to various projects.

Qualifications:
Minimum Academic Qualification: University Master in Finance or equivalent.

Working Experience:
Professional experience in a bank, management company or audit firm. A solid knowledge of fund structure, accounting and custody flows.

At least 3 years work experience either within the funds industry. Prior Trustee/Depositary or PE/RE Fund Administration experience is highly desirable.

Non-Technical Competencies:
- Ability to analyze a situation and obtain information to reach sound conclusions.- Strong organizational skills, with attention to detail and meeting tight deadlines; pro-active, focused attitude towards work.- Excellent communication skills: ability to communicate and manage external relationships with clients to a strong professional standard.- Service-oriented and results-focused.- Ability to work independently.

PC Skills:
Microsoft Office (Word, Excel, PowerPoint)

Internet

Language Skills:
English, any other language is an advantage.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

State Street is an equal opportunity and affirmative action employer.