Depositary - Associate Director

Posted 01 November 2023
Salary €110000 - €140000 per annum
Job type Permanent
Discipline Finance, Accounting & Audit
Contact NameNathan Hodeib

Job description

The purpose of the position is to lead the day-to-day delivery and development of the depositary services business in Luxembourg and to support the Luxembourg Head of Depositary Services with operational, financial, governance and strategic considerations.

Key responsibilities:

Client management

  • Work with the depositary management team to ensure that high-levels of client service are delivered on a day-to-day basis for their respective client portfolios
  • Ensure that all client outputs are subject to satisfactory review, are of sufficient quality and demonstrate detailed understanding
  • Support the management of the executive-level relationships including, but not limited to, periodic client relationship meetings and the formal presentation of reports to client boards
  • Actively develop relationships with existing clients and their other service providers
  • Support the depositary management team in developing relationships with other teams providing services to the same clients

People management

  • Act as line manager to the depositary management team, ensuring that they are effectively supervised, coached, directed, engaged and encouraged through their day-to-day work and longer-term ambitions
  • Support the depositary management team with the people management of their respective teams including, but not limited to, training, development and/or promotion considerations
  • Work with depositary management team on aspects of junior team member recruitment and the relationships with internal and external stakeholders

Business development

  • Assist in building depositary service offering in Luxembourg, assisting in proposal-drafting, fee and team considerations
  • Work with business development team to facilitate effective response to reactive opportunities as well as developing and delivering on a plan of proactive client and intermediary development
  • Support the Luxembourg Head of Depositary Services in the ongoing assessment and development of business development material and profile in the market
  • Develop relationships with Aztec's leadership team

Financial performance management

  • Assist the Luxembourg Head of Depositary Services in setting annual budgets, the ongoing monitoring of these and the related decision-making
  • Work with the depositary management team on an ongoing basis to support them with client and team specific financial considerations
  • Liaise effectively with our internal finance team and our clients on billing, invoice and payment considerations

Operational development

  • Actively contribute to the representation of the depositary business on internal operational committees and working groups
  • Assist in continuing to assess and evolve operating framework for depositary services including, but not limited to, our use of systems, our checklist environment and relationships with third parties
  • Work effectively with the depositary management team to generate and collate ideas and feedback on our operating framework with a view to prioritising and presenting these to the Group depositary management team for further consideration

Risk management

  • Support the depositary management team with technical considerations that may require an additional level of judgement
  • Act as a higher-level authority for internal and external considerations including, but not limited to, new business risk assessments, financial decisions and formal client communications
  • Work with the depositary management team, ensuring that internal control framework is consistently delivered across the Luxembourg depositary services business
  • Act as the first point of contact and take day-to-day responsibility for internal legal, compliance and risk review planning, delivery and outcomes
  • Work effectively with the Group depositary management team to facilitate an effective ISAE3402 audit process.

Skills, knowledge, expertise:

  • Proven experience of delivering and/or leading the provision of professional services to a portfolio of clients
  • Experience of operating successfully at client board level, including writing and presenting reports and maintaining ongoing relationships with executive-level people
  • A relevant professional qualification such as ACCA, ACA, ICSA or equivalent
  • Experience of contributing to and being responsible for all aspects of running a successful business including, but not limited to, operational, financial and people performance as well as more medium-term strategic considerations
  • Proven experience of contributing to successful business development activity, including drafting proposals, fee quotations and presentation scenarios
  • Solid experience of managing manager-level people, and providing indirect leadership to their respective teams
  • Sound technical knowledge, a commercial outlook but also a strong appreciation of the importance of risk, compliance and regulation
  • A background in private equity and/or real estate funds is desirable, but not essential
  • Experience of working in an CSSF-regulated environment is desirable, but not essential