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- Tasks: Manage client relationships and oversee depositary services for investment funds.
- Company: Join Citco, a global leader in fund services with over $1.8 trillion in assets.
- Benefits: Enjoy flexible working arrangements, training support, and a diverse, inclusive culture.
- Why this job: Be part of a dynamic team that values innovation and outstanding client service.
- Qualifications: Requires a business/finance/legal degree and 6 years in alternative funds.
- Other info: Citco welcomes applications from diverse backgrounds and offers accommodations for candidates.
The predicted salary is between 43200 - 72000 £ per year.
About Citco: Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs. For more information about Citco, please visit www.citco.com.
About the Team & Business Line: Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centers, Citco Bank provides access to best of breed process and technology. As a core member of our Depositary team, you will work closely with internal stakeholders and cross-functional teams to provide international investment managers with a comprehensive custody and banking service to meet their alternative investment strategies.
About You: Third level business / finance / legal qualification and a minimum of 6 years operational experience in the alternative funds industry; You are experienced working with some of the following asset classes - private equity, infrastructure, debt or real estate investment funds; You are a strong team player with commitment to deliver outstanding client service; You display in depth knowledge of depositary duties and responsibilities; You are an experienced people’s manager; You have strong written and spoken English.
Our Benefits: Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect. Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Your Role: Be the relationship owner for a group of clients (Private Equity and Real Estate Funds, Fund of Hedge Funds and Single Manager Funds using Prime Brokers). Act as point of escalation for client issues, operational issues, and risk events. Responsible for fund on-boarding and risk assessments. Manage operational team performing cash flow monitoring, investment and borrowing restriction checks, oversight of administration and safekeeping of other asset. Prepare, review and sign-off on all Depositary related work. Interact with Group Compliance in relation to queries and the delivery of the compliance monitoring plan. Participate in the on-site inspections of AIFM, administrators and ongoing due diligence of sub-custodians. Enhance depositary procedures, review programs and checklists, as well as liaise with internal audit, compliance, risk and control teams. Provide departmental reporting to management through KPI’s and participate in team development activities and ad-hoc projects. Monitor the performance of the outsourcing providers against agreed (SLAs) and key performance indicators (KPIs). Attend client service meetings / board meetings. Assist with training, development and motivation of the team to ensure a positive working environment.
Depositary Account Manager employer: Citco GSGS
Contact Detail:
Citco GSGS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Depositary Account Manager
✨Tip Number 1
Familiarise yourself with the specific asset classes mentioned in the job description, such as private equity and real estate investment funds. Understanding these areas will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the alternative funds industry, especially those who work in depositary services. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture at Citco.
✨Tip Number 3
Prepare to discuss your experience in managing teams and delivering client service. Think of specific examples where you've successfully resolved operational issues or improved processes, as these will be key points of interest for the hiring team.
✨Tip Number 4
Research Citco's values and recent developments in their business. Being knowledgeable about their operations and demonstrating how your skills align with their goals can set you apart from other candidates during the interview process.
We think you need these skills to ace Depositary Account Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in the alternative funds industry, particularly with asset classes like private equity and real estate. Emphasise your operational experience and any leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about the role of Depositary Account Manager at Citco. Mention specific experiences that demonstrate your knowledge of depositary duties and your commitment to outstanding client service.
Highlight Teamwork and Leadership Skills: Since the role requires strong teamwork and people management skills, provide examples in your application that showcase your ability to lead teams and collaborate effectively with internal stakeholders.
Proofread for Clarity and Professionalism: Before submitting your application, carefully proofread all documents to ensure there are no grammatical errors or typos. Clear and professional communication is key, especially since strong written English is a requirement for this position.
How to prepare for a job interview at Citco GSGS
✨Know Your Asset Classes
Make sure you have a solid understanding of the asset classes mentioned in the job description, such as private equity, infrastructure, debt, and real estate investment funds. Be prepared to discuss your experience with these areas and how they relate to the role.
✨Demonstrate Client Relationship Skills
As a Depositary Account Manager, you'll be the relationship owner for clients. Prepare examples of how you've successfully managed client relationships in the past, particularly in resolving issues and ensuring outstanding service.
✨Showcase Your Team Management Experience
Since the role involves managing an operational team, be ready to talk about your leadership style and experiences. Highlight any specific instances where you motivated your team or improved team performance.
✨Familiarise Yourself with Compliance and Risk Management
Understanding compliance and risk management is crucial for this position. Brush up on relevant regulations and be prepared to discuss how you've handled compliance-related tasks or risk assessments in your previous roles.
