The Company:

U.S. Bank introduced its full depositary services offering in Europe in 2018. The offering supports. Regulated investment funds domiciled in the EU that are required to appoint a depositary to comply with the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investments in Transferable Securities Directive (UCITS).

Since July 2020, Elavon Financial Services DAC trading as U.S. Bank Depositary Services Luxembourg is authorised and supervised by the Commission de Surveillance du SecteuFinancier.

The Role:

As a Depositary Supervisor you are a confident depositary professional with a comprehensive understanding of the Luxembourg financial Services market. You are comfortable working within a robust control framework to support the growth of the Depositary function. Your knowledge of the Depositary obligations for UCITS and AIFMD funds is comprehensive.

• Reporting to the Senior Depositary Manager, all duties are performed in accordance with

• the Commission de Surveillance du Secteur Financier and the requirements of each fund’s

• constitutional documentation.

• This entails monitoring each fund’s compliance with prospectus based and regulatory investment

• restrictions and borrowing limits, as well as performing reviews in respect of the role of the

• administrator and appointed global custodians / prime brokers, managers and AIFMS.

Key Requirements:

• Perform the key tasks of cash flow monitoring; oversight on i) transfer agent ii) fund administrator iii) income distribution iv) investment restrictions v) timely settlement; safekeeping/recordkeeping and ownership verification.

• Review the work of the team and ensure all established Depositary procedures and controls are completed accurately and in a timely manner.

• Assist with annual on-site reviews of the fund administrator, transfer agent and managers.

• Demonstrate a comprehensive understanding of most common Luxembourg AIF fund structures and critically impacting Lux Depositary considerations.

• Support the Depositary Management in the expansion of the Depositary team.

• Interact with colleagues, peers and superiors in a way that ensures the ‘end goal’ is achieved in a productive way.

• Support the workflows of the team – including adherence to all mandatory training requirements and ensuring the area is operating to high standards.

• Act as a day-to-day contact for clients and attend board meetings as required.

• Excellent communication and analytical skills with keen attention to detail.

• Train and mentor new staff.

• Idea generation and ongoing assessment and improvement of operational service model;

• Work on Projects / Ad hoc tasks as required.

Candidate requirements:

• Minimum 5 years relevant Depositary/Trustee industry experience.

• Knowledge of UCITS /AIFMD regulations.

• Fluency in English Language (both verbal and written) essential.

• Strong oral and written communication skills.

• Excellent interpersonal with customer focus.

• Strong organisational and administrative skills.

• Individual who takes initiative and ownership of assigned responsibilities.

• Positive ‘can do’ attitude with excellent problem-solving skills.

• Detail-oriented.

• Team player.

• Ability to multi-task, prioritise work and manage time to maximise efficiency and to meet strict deadlines;

• Flexible / Adaptable.

• You hold a university degree, preferably in Accounting & Finance or Economics.