AVP Custody Manager

My client is a financial service providers of international banks, trust and fund companies. They are currently expanding their team and seeking a Custody/Network Manager based in the City Centre.

The Network Manager is required to support the Head of Network Management in the implementation of the sub-custody delegate due diligence and monitoring program to ensure all due skill, care and diligence is exercised when safekeeping functions are delegated to a third party.

Role:

  • You will assist in the performance of annual due diligence reviews (remote and onsite) of each appointed third party sub-custody delegate and the preparation of a detailed risk assessment for each reviewed firm.
  • You will assess due diligence questionnaire responses provided by appointed third party firms to whom safekeeping of assets may be or have been delegated.
  • You will maintain an appropriate control environment to ensure the Depositary is fulfilling all regulatory obligations associated with the delegation of safekeeping to third party delegate.
  • You will assess each third party delegate’s financial strength, operational and technological capabilities, regulatory and legal framework within which the third party operates and any functions sub-delegated to other parties.
  • You will assist in the review of the custody risks and segregation criteria associated with the decision to entrust assets to a third party.
  • You will monitor the ongoing risk associated with each appointed delegate and assist in the implementation of a contingency strategy as required.
  • You will liaise with appointed delegates to address and resolve any queries and escalate any concerns/issues.
  • You will prepare ad hoc MIS and reporting for senior management as required.

About You:

  • You have a third level business/finance qualification and a minimum of 5 years fund services experience within the European funds industry
  • You have Depositary, prime brokerage and/or global custody services experience
  • You are an adaptable team player with a proactive approach to problem solving
  • You are an excellent communicator with high level of interpersonal effectiveness

For a more in-depth and confidentiality chat, call Louise now on 01 676 0505 and click apply below.

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Tagged as: custody, Custody Assistant Manager, Custody Manager, Hedge Funds, Middle Office, mutual funds, Network Manager, Trade Settlements

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