At a Glance
- Tasks: Assist in managing operational service delivery and client interactions for a leading Depositary.
- Company: Join one of the largest Depositary/Trustee service providers in the UK.
- Benefits: Enjoy flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Be part of a supportive team that values your growth and success.
- Why this job: Make a real impact in a dynamic environment while building strong client relationships.
- Qualifications: Degree level education and 5+ years in trustee or related industry experience required.
The predicted salary is between 54450 - 66550 £ per year.
Company Profile: SSTL acts as Trustee/Depositary to Undertakings for Collective Investment in Transferable Securities (UCITS) funds and authorised and unauthorised Alternative Investment Funds (AIFs). SSTL is currently one of the largest Depositary/Trustee service providers in the UK. SSTL has seen significant business growth over recent years and has proactively evolved with new business opportunities brought about by changing regulations.
To assist the Depositary Operations Manager in managing the Operational service delivery for SSTL clients. The purpose of the role is to assist the Depositary Operations Manager in executing the SSTL strategy for Operational service delivery, for maintaining and improving cost profile of the Operations Team, and for ensuring that Customer Service and information delivery standards are met or exceeded. Deputise for Depositary Operations Manager as appropriate.
The main responsibilities will include:
- Play a key role within the SSTL Operations team (including all aspects of Operational tasks: Due Diligence; CASS; UK Regulated; and Private Equity Real Estate), with the responsibility for Service Delivery.
- Participate in day to day interactions with clients, including participation in regular service reviews and other meetings with Operational staff and SSTL management as appropriate.
- Build, nurture and manage robust and sustainable relationships with clients.
- Support our client base in matters of a technical or regulatory nature ensuring that at all times they have a positive impression of SSTL.
- Mitigate operational risk across current and prospective client base.
- Ensure operation in accordance with applicable regulations, Corporate Standards and HR policies.
- Ensure compliance with applicable regulations, including but not limited to COLL, FUND and CASS rulebooks (as related to UCITS V and AIFMD).
- Play an active role in delivery of change including business transformation.
- Oversee breach correspondence with Managers/ACDs as applicable.
- Participate in the various internal committees, if required to do so.
- Participate in Due Diligence reviews as required and ensure oversight reports are produced in a timeous manner.
- Support the role of Outsourcing Engagement Manager (OEM) for any Outsourcing and third party vendor engagements.
- Complete all Mandatory training in advance of specified deadlines.
- Participate in relevant regulatory working groups and committees as convened bringing Subject Matter Expertise as required.
- Ensure that any regulatory changes impacting the Operations team are implemented in a timely manner with resulting control amendments and staff communications/procedural updates are undertaken.
- Participate in the review of any losses/errors with the Depositary Operations team to ensure each is documented correctly and remedial action taken to ensure no repetition and ‘lesson learned’.
- Participate in SSTL’s specific projects and wider State Street projects and initiatives as required.
PERSON SPECIFICATION
Level of education / specific qualifications: Degree Level or Equivalent Work experience (minimum 5 years trustee or related industry experience).
Skills and experience – interpersonal, numerical, problem-solving, analytical etc.: Knowledge of risk and control methodologies and practices. Working knowledge of the funds Industry and relevant regulations and practices. Appropriate experience of technical advice provision.
Required competencies – motivation, team skills, ability to work under pressure etc.: Results-driven, strong ethical and conduct standards. Excellent verbal and written communication skills. Presentation skills. Planning and organisational skills (including support for Project Management as required).
About State Street: Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential.
Depositary Operations, Senior Associate in Edinburgh employer: State Street
State Street is an exceptional employer, offering a dynamic work environment in the heart of the UK financial sector. With a strong commitment to employee development, inclusive culture, and flexible work-life balance, we empower our team members to thrive while contributing to meaningful governance initiatives. Join us to be part of a collaborative team that values your insights and fosters your professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Depositary Operations, Senior Associate in Edinburgh
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We think you need these skills to ace Depositary Operations, Senior Associate in Edinburgh
Some tips for your application 🫡
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