Depositary Oversight Validation Expert
il y a 2 jours
**Location**
- Luxembourg**Sector**:
- Finance & Banking**Job type**:
- Contract**Salary/Rate**:
- negotiable**Contact**:
- Lorraine Bateman-
**Job ref**:
- 19391LXB**Consultant**:
- Lorraine Bateman
**Consultant - Depositary Oversight Validation (Swedish Regulations)**
We are seeking an experienced consultant to support the setup and validation of a new Swedish branch’s Depositary Oversight Framework. This role offers a unique chance to contribute to the establishment of a local control and monitoring model for Swedish-domiciled UCITS and AIFMD funds, ensuring it aligns with both regulatory requirements and market best practice.
You will play a pivotal role in validating and refining processes, ensuring they are fit for purpose in a start-up environment with high regulatory visibility and limited local staffing at inception.
**What You’ll Do**
As the lead consultant, you will:
Validate oversight processes covering key areas such as:
- Investment compliance rules
- Cash flow monitoring
- Capital allocation controls
- NAV oversight and valuation checks
- Dividend distribution controls
- Timely settlement of transactions
- ESG and CSR-related monitoring
- Safekeeping and recordkeeping obligations
- Ensure robust client and regulatory reporting (regular and ad-hoc).
- Oversee interactions with regulators, boards of directors, and prudential authorities.
- Evaluate the adequacy of the outsourcing and support model.
- Provide independent assurance on the operating model to strengthen local governance and oversight.
**What We’re Looking For**
- In-depth knowledge of UCITS and AIFMD frameworks.
- Proven expertise in Depositary oversight and fund operations.
- Experience with regulatory engagement in the EU (Nordic experience highly valued).
- Background in custody, compliance, or risk management within financial services.
- Ability to work independently in a new branch/start-up environment.
- Strong communication skills in English; Swedish is an advantage.
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