Custody Senior Analyst

Custody Senior Analyst

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences, we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment. Our powerful global infrastructure and breadth of technical experience enables us to provide market-leading solutions tailored to benefit our clients. Our vision is to be the leading provider of Banking, Depositary, and Custody services to Asset Managers, Family Offices, Institutional Investors, and Corporates. Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017, the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019. We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt, and renewable energies & infrastructure (as of March 31, 2024). For the avoidance of doubt, we do not deal with retail clients. We neither offer any securities (bonds, shares, notes, etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

Role Location:

Dublin, Ireland

Department:

EDB Custody

Employment Type:

Full Time Permanent

The Role:

The principal responsibility for the job is the administration of a portfolio of custody clients within the European Depositary Bank Dublin Branch. European Depositary Bank Dublin Branch offers custodial services for a wide range of international clients investing in Hedge Funds/Mutual Funds, Bonds, and Equities. Reporting to the custody manager, the custody analyst is responsible for overseeing the client's custody requirements, monitoring the day-to-day trading and cash movements, and ensuring timely delivery of client deliverables and reporting required by the relevant stakeholders. The custody analyst provides support to a variety of services including proactive client response management, timely response to trade and cash queries, corporate actions, proxy, and tax queries.

Key Responsibilities and Deliverables:

• Ensure accuracy of automated client settlement instructions, investigating failing trades & contacting sub-custodian where necessary.
• Monitor corporate events and ensure these are reflected across client's holdings.
• Monitor the client's custody trading, portfolio, and cash management process.
• Act as the first point of contact for Custody clients and escalate issues to the custody manager.
• Processing FOHF fund trade instructions through the full trade lifecycle adhering to controls and procedures.
• Processing of Fund trades to reregister client assets in the name of new Custodian Entity.
• Acknowledge trade instructions received by updating status on the trading platform.
• Input wire payment instructions on cash platform.
• Prepare all custody trades documentation (subscription form, AML Letter, Cover Letter) for review and approval by Custody Manager.
• Submitting of trades to fund administrator and following up on all outstanding items and documentation until trade confirmation notices received indicating all in good order.
• Meet all client trade and reporting deadlines.
• Monitoring of custody mailboxes and action any items/notices/requests received throughout the day.
• Co-ordinate new business take on for clients with Client Integration Manager, including client demos, new user setups, cash and security account setups.
• Follow up on outstanding NAV statements to ensure all reporting deadlines are met.
• Ensure all static data and pricing updates are sent for processing in a timely manner.
• Manage cash account reconciliations for custody clients.
• Manage position reconciliations for custody clients ensuring distributions and corporate actions are processed.
• Ensuring that all custody files are scanned in the document storage system and contain signed control checklists in accordance with the Fund of Fund Custody procedures.
• Assisting senior management with ad-hoc business projects outside the day-to-day operations of the Team (as required).
• Static Data setup and maintenance.
• Statement Input.
• NAV Statement Reconciliation and Valuation Input.
• Bank Reconciliations.
• Daily Reporting.

Qualifications and Experience Requirements:

• Educated to degree level in a relevant field (or overseas equivalent).
• At least 2 years work experience in a FOF trade Execution/Transfer Agency role.
• A good understanding of various fund structures, fund administration, and custody.
• Experience of payments/SWIFT formatting is essential.
• Experience and ability to produce accurate work while dealing with a high volume of transactions within tight deadlines. Ability to work on own initiative is essential.
• Good interpersonal skills to develop working relationships with colleagues, clients, other divisions/offices of the bank, and professional intermediaries.
• Excellent organizational and communication skills.
• Advanced knowledge of Microsoft suites is preferential.

What You Will Get in Return:

• A genuinely unique opportunity to be part of an expanding large global business.
• Exposure to all aspects of the business, cross-jurisdiction, and to working with senior management directly.

As a vital team member and in return for your expertise, inclusive approach, and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits: As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship, and in-house training programs. Job ID: JR-0006032#J-18808-Ljbffr