Depositary Bank Oversight Senior Officer

Quintet Luxembourg, , LUX, L-2955
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Purpose of the Job


Acting as Depositary Bank of Funds (mainly UCITS and AIF), Quintet Luxembourg must comply with regulatory requirements to ensure investors' protection. The main obligations are defined as Safekeeping of Custodable Assets; Ownership Verification and Recordkeeping of Other Assets; the proper Monitoring of all Cash Flows of the Funds; and the Oversight for duties under the responsibility of the Fund/Manager and its delegates.

Key Accountabilities

- Ensuring full compliance with regulatory Depositary requirements related to Safekeeping, Recordkeeping, Cash Flow Monitoring and Oversight (NAV, shareholders transactions, income distribution, investment restriction, timely settlement).

- Assessing the complexity of Funds strategies (UCITS, private equity, real estate, funds of funds and other alternative structures) in order to determine how to apply depositary function appropriately.

- Performing the oversight on the duties under the responsibility of the Funds Manager and its delegates (e.g. Central Administrations).

- Preparing internal and external reporting to provide status on Depositary controls and activities.

- Acting as point of contact for all depositary matters and for any issues escalated to Depositary Bank Oversight.

- Being involved in the due diligence performed on the Depositary Bank.

- Participate in team development activities and ad-hoc projects.

Knowledge and Experience


- Strong knowledge of Luxembourg Investment Fund Legislation and depositary duties/responsibilities in particular related to AIFM and UCITS V Directives.

- Strong understanding about Fund’s key stakeholders (Central Administrations, Registrar, Management Company) and its activities.

- Previous Depositary Bank Oversight experiences is an asset

Attributes and Qualities


- Strong analytical skills and risk awareness.

- Ability to draft reporting, policies and procedure.

- Good interpersonal skills to develop working relationships

- Solution oriented, rigorous and proactive.

Technical Skills


- Proficient use of MS Office

Languages Skills


- Fluent in French and English is required.

- Additional language (e.g. German, Dutch) will be considered as an asset.

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