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Trainee Depositary Administrator

  • Location: London, City of London
  • Salary: £26000 - £32000 per annum
  • Job type: Permanent
  • Ref: 16892886RF
  • Recruiter: Rebekah Froom

A leader in the Alternative Investment fund administration space, they are highly regarded by high profile clients and have built their reputation with an emphasis on quality of service. With only 150 members of staff spanning across London, Jersey and Luxembourg, they currently administer over £60bn of assets under management.

It is a business that grows organically through increased repeat business and referrals, and will pick and choose clients they know they can deliver the service their reputation holds.

Depositary is a niche role within fund administration, which has only came about in the past few years due to an EU law called AIFMD (Alternative Investment Fund Management Directive).

Depositary is a well-rounded role which has elements of Finance, compliance and regulatory reporting. Therefore, this role can open many doors to different career paths as it gives you a solid foundation of knowledge needed going into any of these sectors.

Key Responsibilities:

  1. Assist with the provision of depositary services to a growing portfolio of real estate and private equity fund clients, including:
  • Assist with the on-boarding of new clients;
  • Perform daily cash flow monitoring and carry out bank reconciliations;
  • Perform the duties related to safekeeping and oversight;
  • Participate in due diligence visits;
  • Assist with the completion of routine ad-hoc client queries;
  • Maintain accurate records and client files;
  • Support the collection of due diligence;
  • Ensure internal processes are followed and adhere with anti-money laundering and customer due diligence procedures; and
  1. Proactively liaise with client contacts, administrators and third party service providers.
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