Senior Manager

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates. 

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

We are currently looking for a qualified Senior Due Diligence Manager (m/f/d) to support our department Depositary Oversight in Luxembourg.

If you want to be part of our multidisciplinary team and are interested in this excellent opportunity, please apply for this role.

• The essence of the position is to ensure the fulfillment of due diligence obligations as part of the oversight responsibilities of a Depositary, as outlined in various European and Luxembourg regulations, laws and circulars

• Performance of the initial and ongoing due diligence on Alternative Investment Fund Managers / Management Companies, Central Administrators and Registrar- and Transfer Agents

• Review and assessment of due diligence questionnaires as well as supporting documentation

• Performance of onsite visits with the Alternative Investment Fund Managers / Management Companies, Central Administrators and Registrar- and Transfer Agents

• Acting as first point of contact for all stakeholders within this process and management of internal communication based on due diligence outcomes

• Participate in internal projects and represent the due diligence function

• Participate in the annual review and update process of the due diligence questionnaire

• Ensuring compliance with internal quality standards

• Banking apprenticeship and/or Bachelor / Master degree in relevant field (economics, business administration, Finance)

• Several years of relevant practical experience in a similar role

• In-depth knowledge of fund structures / industry as well as related functions (Depositary, Alternative Investment Fund Managers / Management Companies, Central Administrators and Registrar- and Transfer Agents, etc.)

• Good knowledge of the relevant European and Luxembourg regulations, laws and circulars (e.g. AIFMD, EU Delegation regulation 213/2013, etc.)

• Ownership and responsibility for creating and delivering high-value results according to set target

• Strong analytical and decision-making skills as well as a structured way of working

• Ability work successfully both autonomously and within teams,

• Ability to set priorities, be flexible and highly accurate

• Very good knowledge of Microsoft Office applications (e.g. Excel, Word, Teams)

• Fluent communication skills in English, German and French advantageous

• A high level of visibility within a large organisation on an upwards trajectory

• Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline

• Opportunity to work with a diverse, agile and global team

In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

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As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs. 

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.