Depositary Officer

il y a 2 semaines

Luxembourg, Luxembourg Vistra Temps plein

It's never been a more exciting time to join Vistra.

At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction.

But progress only happens when people come together and take action. And we're absolutely committed to building a culture where our people can do just that

We have an exciting opportunity for you to join our team as Depositary Officer. Reporting to the Senior Depositary Manager, this full-time and permanent position is based in Luxembourg (Cloche d'Or) and offers regional coverage, allowing you to make a significant impact to our Depositary Department and its' growth.

Key responsibilities:

  • Be responsible for a portfolio of Private Equity and Real Estate clients.
  • Carry out in a timely manner the tasks required from the Depositary under the AIFM legal and regulatory environment such as:
  • Due diligence on new funds and service providers,
  • Daily cash flow monitoring,
  • Oversight duties,
  • Portfolio asset transactions and asset ownership verification.
  • Perform work always complying with all existing laws and regulations and with Vistra's internal procedures.
  • Issue the quarterly KPI reports for your funds.
  • Build trustworthy relationships with our existing and new Private Equity and Real Estate Fund clients and will be their first point of contact.
  • Assist the Senior Depositary Manager during the on-boarding of new funds and will work closely with the on-boarding team to ensure this phase goes smoothly.
  • Assist the Senior Depositary Manager in the review of the constitutional documents of the funds.
  • Assist the Senior Depositary Manager in the drafting of Depositary Service Agreements and Operating Memoranda.
  • Manage relationships with clients, internal and external providers such as Central Administration, AIFM, Lawyers, Auditors or Banks.
  • Assist during the funds' audits (notably with issuing the year-end portfolio asset position).
  • Escalate to supervisor any identified risk or issue.
  • Ensure proper billing and will monitor recovery of outstanding invoices.
  • Plan your tasks to ensure timely deliverables.

Key requirements

Attributes & Skills

  • Detail oriented and thorough, able to see the big picture and perform work with a critical eye.Client focused in providing high quality services.
  • Come up with suggestions to improve existing operational processes.
  • Prioritise tasks.
  • Deal with pressure and have no issues to service clients under tight deadlines.
  • Work autonomously with a good team spirit.
  • Good communication and adaptation skills

Relevant experience

  • Two to three years' experience in a depositary function gained in a professional depositary, a depositary bank or similar experience gained in audit, fund accounting or transfer agent.
  • Private Equity / Real Estate funds experience.
  • Knowledge of the AIFM regulatory environment for depositaries.
  • Fluent in English.
  • Ability to prioritise and work under pressure.
  • Good command of Excel.

Education/Professional Qualifications

  • University Degree.

If you are excited about working with us, we encourage you to apply or have a confidential chat with one of our Talent Acquisition team members. Our goal is to make this a great place to work where all our people can thrive. We hope you join us on this exciting journey

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