At a Glance
- Tasks: Lead a team to ensure top-notch depositary services and compliance.
- Company: Join Citco, a global leader in fund services with a diverse and inclusive culture.
- Benefits: Enjoy flexible working arrangements, training support, and a focus on your well-being.
- Other info: Be part of a dynamic team that values innovation and mutual respect.
- Why this job: Make a real impact in the finance industry while building strong client relationships.
- Qualifications: 3+ years in depositary services and a relevant business/finance/legal qualification.
The predicted salary is between 49500 - 60500 £ per year.
About the Team & Business Line: Citco Custody (UK) Limited (CCUK) provides depositary and custody services to Citco Funds Services clients with over $45bn in net assets. Operating in strategic global centres, Citco Fund Services provides clients with access to best of breed processes and technology of which CCUK plays an important role.
As a core member of our Depositary management team, you will work closely with internal stakeholders and cross-functional teams to minimise operational risks and ensure our clients experience a seamless delivery of all elements of our depositary and custody services.
Requirements:
- Third level business / finance / legal qualification
- A minimum of 3 years’ depositary services experience within the funds industry
- Experience working with some of the following asset classes - private equity, infrastructure, debt or real estate investment funds
- Strong team player with commitment to deliver outstanding client service
- In-depth knowledge of depositary duties and responsibilities
- Excellent communicator with strong interpersonal effectiveness
- 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, prioritising 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:
- Establish and maintain appropriate control environment to ensure the CCUK fulfils its depositary obligations to the highest standards in a timely and professional manner
- Ensure adherence to all policies & procedures
- Perform comprehensive independent reviews of Cash flows, Net Asset Valuations, Safekeeping and Investment & Borrowing Restrictions
- Review and sign-off on all Depositary Administrator work including cash flow monitoring, safekeeping of assets and investment compliance reviews
- Liaise with other departments to ensure error/breaches are recorded and resolved in a timely manner, as well as ensure prompt escalation to management of any issues
- Work with clients to resolve queries and escalate any issues, building client relationships
- Provide weekly departmental reporting to management, as well as assisting in the preparation of quarterly board reports
- Assist with compilation of material for SOC testing, on-site reviews and annual audit
- Assist with training, development and motivation of the team to ensure a positive working environment
- Identify and propose procedural enhancements while supporting the implementation of process improvement initiatives
- 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 subcustodians
- Attend client service meetings / board meetings
Depositary Supervisor in London employer: Citco Group
At Citco Custody (UK) Limited, we pride ourselves on being an exceptional employer that prioritises employee well-being and professional growth. Our inclusive culture fosters diversity and innovation, while our comprehensive benefits and flexible working arrangements ensure that you can thrive both personally and professionally. Join us in a dynamic environment where your contributions are valued, and you can make a meaningful impact in the funds industry.
StudySmarter Expert Advice🤫
We think this is how you could land Depositary Supervisor in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Citco Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Depositary Supervisor in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citco Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citco Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citco Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citco Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citco Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citco Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
