As a Senior Depository Bank Representative, you will be responsible for, amongst other things, verifying the output of independent oversight checks in relation to the calculation of the Net Asset Value (NAV), including cash flow monitoring in accordance with the Funds constitutional documentation, UCITS and AIFMD regulations respectively.
You will be responsible for overseeing the minimum standards and practices of the Depositary oversight team are adhered to and maters arising are escalated to your line supervisor in a timely and efficient manner.
Your knowledge of the funds industry will enable you to multi-task in a fast-paced environment. To be successful, you will need to quickly learn on your feet, to be detail orientated and highly adaptable.
If you are looking to push your career to the next level, introduce yourself by submitting your resume.
Key responsibilities include :
1. Transaction Analysis
Quality control the depositary’s work flow process relative to NAV and cash flow monitoring oversight process
Ensure the team’s work flow is running smoothly and efficiently at all times.
Allocate the team’s work flow and actively resolve bottle necks as they arise.
Analyze manual / non standard processes; implement solutions to automate the work flow where possible.
Formulate a risk sensitive approach to the depositary oversight service delivery.
Maintain daily work flow for assigned Funds
Escalate matters arising appropriately and in a timely manner
Manage the reporting / escalation of significant’ and inconsistent’ cash flow movements
Ensure the team reconciles cash flow reporting in line with the work flow / best practice
Evidence all cash accounts opened in the name of the AIF are made available to the Depositary
2. Problem Resolution
Monitor and assist staff in terms of problem solving including the resolution / escalation of issues.
Follow up on open inquiries.
Interact with other BBH departments on resolution of issues.
Reconciliation break follow up and resolution
Communicate professionally and constructively to effectively resolve issues in order to minimize risk and exposure.
Communicate with internal departments as necessary.
Contribute to Management Reporting (ie : Clarity, business plan, quarterly board reporting on a timely basis.)
4. Process Improvement
Gain an understanding of the big picture of how specific function impacts the firm.
Contribute to Division / Firm process improvement activities.
Gain efficiencies to improve individual / team productivity initiatives
Manage multiple tasks and / or projects efficiently despite resource and time constraints.
Education level and / or relevant experience
BA / BS degree or equivalent work experience.
Knowledge and skills
Demonstrated Microsoft Office skills.
Ability to identify, escalate and resolve a problem.
Ability to communicate professionally through effective verbal and written skills.
Ability to manage time efficiently and effectively.
Organizational skills and detail-oriented.
Ability to work in a team environment.
Ability to meet deadlines and work under pressure.
Ability to provide team cover including other Depositary (fiduciary) oversight functions
Ability to work overtime as necessary
What You Can Expect At BBH :
If you join BBH you will find collaborative environment that enables you to step outside your role to add value wherever you can.
You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, to take on new challenges, to maximize your potential and reinvent yourself without leaving the firm.
We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program, which emphasizes good health, financial security, and peace of mind.
Ultimately, we want to provide you with a position which, at the same time, is both rewarding and allows for a balanced professional and personal experience at every stage of your career.
We, here at BBH, focuses on more than just the financial and business thrive. Through our BBH Cares program we offer volunteering opportunities giving you the opportunity to give back to your community and to help transform the lives of others.