Senior Depositary Administrator – Fund Services

PURPOSE OF JOB

JTCL introduced its full depositary services offering in 2019. The offering supports Regulated investment funds in the EU that are required to appoint a depositary to comply with the Alternative Investment Fund Managers Directive (AIFMD). The Senior Depositary Administrator will work closely with the Depositary Manager in the team and provide them support to ensure we complete our depositary activities to a high standard and in line with department and client reporting deadlines. The role will focus on our diverse range of private equity, real estate, and debt alternative investment fund clients.

MAIN DUTIES AND RESPONSIBILITIES

• Ensure daily cash flow monitoring of fund bank accounts is undertaken including downloading bank movements, loading them into the DEPOcheck system and sourcing / recording back up before presenting the daily monitoring for manager review.
• Review fund valuations and accounts as part of NAV Oversight obligations, in line with department defined timelines and procedures, to ensure they have been completed accurately and in accordance with the fund documentation.
• Maintain asset registers and ensure procedures to verify the fund’s ownership of those assets are being adhered to.
• Ensure that funds are compliant with key underlying fund documentation and any issues are identified, logged and resolved in a timely manner.
• Prepare periodic client and fund board reports.
• Assist with due diligence and on-site visits to fund administrators and investment managers.
• Interact with colleagues, peers and superiors in a way that ensures that all depositary regulatory obligations are met productively.
• Facilitate open communication with Depositary team members, other JTC departments client staff members to identify any potential issues / improvements.
• Support the workflow of the team – including adherence to all mandatory training requirements and ensuring the department is operating to the highest standards.
• Assist with on-boarding of new clients and funds.
• Supervise and assist in the training and development of more junior staff.

ESSENTIAL REQUIREMENTS