At a Glance
- Tasks: Assist in monitoring cash flow and verifying asset ownership for diverse fund clients.
- Company: Join a leading firm in Fund & Corporate Services with a focus on inclusion.
- Benefits: Hybrid work model, professional development support, and a commitment to employee wellbeing.
- Other info: Dynamic team environment with opportunities for growth and learning.
- Why this job: Kickstart your career in finance while making a real impact on client funds.
- Qualifications: Bachelor’s degree or A-levels preferred; desire to pursue ACCA is a plus.
The predicted salary is between 25650 - 31350 £ per year.
EMPLOYMENT TYPE: Permanent
DEPARTMENT: Fund & Corporate Services
DIVISION: Institutional Client Services
WORKPLACE STRUCTURE: Hybrid
ROLE OVERVIEW
PURPOSE OF JOB
This role involves assisting INDOS in fulfilling its responsibilities under the depositary requirements of the Alternative Investment Fund Management Directive (AIFMD). The role will focus on our diverse range of private equity, real estate, debt and venture capital fund clients, including investment trusts listed on the London Stock Exchange as well as UK and non-EU limited partnership and fund structures.
The primary responsibilities will be in the areas of “Cash Flow Monitoring”, “Record Keeping and Verification of Other Assets” & “Oversight”. This includes review of significant and inconsistent cash transactions, verification of asset ownership, and a range of oversight duties including ensuring compliance with the fund’s offering documentation, review of shareholder transactions and fund valuations.
The Trainee Depositary Analyst is responsible for servicing a portfolio of client funds and carrying out reviews of those funds in a timely manner and in accordance with internal procedures.
MAIN RESPONSIBILITIES AND DUTIES
- Review fund valuations and accounts, in line with department defined timelines and procedures, to ensure they have been completed accurately and in accordance with the fund documentation.
- Maintain asset registers and undertake procedures to verify the fund’s ownership of those assets.
- Undertake daily cash flow monitoring of fund bank accounts.
- Ensure that funds are compliant with key underlying fund documentation and any issues are identified, logged and resolved in a timely manner.
- Review drawdowns and distributions and ensure the expected procedures have been followed.
- Co-ordinate with fund administrators and investment managers through multi channel communication to ensure that all necessary information is received in a timely manner.
- Prepare periodic client and fund board reports.
- Work effectively within the team but show appropriate levels of initiative.
- Facilitate open communication with Depositary team members and client staff members to identify any potential issues/improvements.
ESSENTIAL REQUIREMENTS
- A bachelor’s degree or A-levels a distinct advantage.
- Desire to study towards a relevant professional qualification such as ACCA.
- Excellent attention to detail and pro-active mind set.
- Previous experience in the financial services / real estate / private equity / venture capital an advantage.
OUR COMMITMENT TO INCLUSION & WELLBEING
JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.
Trainee Depositary Analyst - INDOS - Fund & Corporate Services in Fareham employer: JTC Group
At JTC Group, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of Greater London. Our inclusive culture fosters collaboration and innovation, providing employees with ample opportunities for professional growth and development. With a strong focus on value creation, we empower our team members to make a meaningful impact while enjoying a supportive atmosphere that values their contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee Depositary Analyst - INDOS - Fund & Corporate Services in Fareham
✨Tap into University Career Services
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We think you need these skills to ace Trainee Depositary Analyst - INDOS - Fund & Corporate Services in Fareham
Some tips for your application 🫡
Show your numbers!:In banking and financial services, we love a bit of quantification. Be sure to highlight any relevant coursework, grades, or projects that showcase your analytical skills. If you've tackled math-heavy subjects or have experience with financial modelling, let that shine on your CV!
Tailor your application to finance:Don't just copy and paste a generic cover letter; weave in your passion for finance and share any relevant experiences or internships, no matter how small. Writing about your motivations and learning potential in relation to the role will help us see you fit in at JTC Group.
Certifications can set you apart:If you've got any finance-related certifications (think CFA Level 1, ACCA, or even online courses), make sure to include them! They show initiative and a commitment to your career in banking, which we really appreciate.
Proofread with a fine-tooth comb:In finance, attention to detail is crucial! Spam your application with typos or poor formatting, and we may flag you as 'not detail-oriented'. So, let’s double-check everything. A clear structure in your CV and cover letter will also help your application stand out. Remember, apply through our website!
How to prepare for a job interview at JTC Group
✨Brush Up on Your Financial Knowledge
Make sure you’re comfortable with financial concepts and terminology. The interview may dive into areas like risk assessment or investment strategies, so revisiting some core principles and current trends in the banking sector will really help us stand out at JTC Group.
✨Prepare for Case Studies
Expect to encounter case studies or hypothetical financial scenarios where you’ll need to demonstrate your analytical skills. Practising with examples can help us articulate our thought process clearly and show how we approach problem-solving specific to the banking and financial services sector.
✨Highlight Your Learning Agility
As a trainee, they’re looking for potential over experience. We should emphasise our willingness to learn and adapt. Be ready to discuss how we’ve taken on challenges in the past, showcasing our growth mindset and eagerness to dive into the banking world with both feet.
✨Showcase Your Interest in the Industry
Let your passion for banking shine through! Discuss any relevant coursework, internships, or even personal finance projects you’ve explored. This not only demonstrates our knowledge but also our genuine enthusiasm for a career in banking at JTC Group.
