Depositary Manager to SEB Luxembourg
Luxembourg
Large Corporates & Financial Institutions – Investor Services /
Other /
On-site
SEB Luxembourg branch serves as the hub for private banking services to Nordic nationals living abroad. It is also the base for many of SEB’s funds and offers global custody and related depositary services to financial institutions.
The overall ambition for SEB in Luxembourg is to excel as SEB’s cross-border center of excellence for private and institutional customers, while staying relevant in a continuously changing customer behaviour and regulatory environment. We strive to deliver world-class service by strengthening the customer experience, growing our international customer base, and transforming the way we operate to secure a profitable future business.
SEB Investor Services Luxembourg is the business unit responsible for the depositary function and the global custody product for institutional clients. Our client segment consists mainly of Luxembourg domiciled investment funds (UCITS and AIF) and some large corporates. Depositary Services & Oversight is focussed on the oversight of our funds but is also in charge of other asset safekeeping and cash flow monitoring.
About the role
As Depositary Manager, you will be part of a team of 7 people and will report to the Head of Depositary and Oversight Services.
Your main responsibilities in this role are the following:
• Being responsible for the day-to-day tasks of the team, ensuring timely and accurate delivery of our controls
• Ensuring compliance with our obligations, investigating issues, and raising concerns
• Providing subject matter expertise to colleagues and clients
• Independently following regulatory developments, sharing insights, and implementing new rules and regulations in a robust, efficient, and audit-proof manner
• Creating and maintaining cultivate relationships with our clients and building a network with the aim of fostering collaboration locally and globally within SEB
• Taking ownership, leading or participating in projects, proposing and driving efficiency and quality improvements
• Assisting with sales activities and leading the onboarding of new clients
To thrive in this role, we believe you have
• University degree in Business Administration, Mathematics, Accounting, or a related field
• At least 5 years of experience in the investment fund industry, consulting, or audit
• Expertise in the depositary function, with a solid understanding of Luxembourg fund structures and their regulatory requirements
• Excellent skills in stakeholder management, communication and coaching of junior employees
• Positive outlook towards work, a can-do attitude, and a strong sense of ownership
• Autonomous way of working while fostering a collaborative team spirit
• Hands-on attitude and ability to provide high-level oversight as needed
• Ability to challenge the status quo and drive to create efficient, risk-controlled, and robust processes
• Skills in Microsoft 365 applications and depositary-specific software, or eager to learn quickly
• Fluency in English (both written and spoken), other languages are considered as an advantage
What we offer
We offer many experiences and benefits to our employees, and there is nuance to every individual’s career experience, but the elements that define the core of our offering are:
• International and entrepreneurial Scandinavian working environment
• Attractive compensation and benefits
• Friendly and welcoming culture
• Flat hierarchy and openness to share ideas, opinions and points of views
• Work-life balance
• Agile and modern ways of working
• Extensive training and learning opportunities
In this role you will have the possibility to further develop our operational model locally and have an impact within the depositary service offering globally.
Ready to join?
If you think that you could be the right candidate for this role, please send your application with a Cover Letter and CV in English as soon as possible, but at the latest on August 8th, 2024.
Please be also informed that candidate selected for this role will need to provide their Criminal Record Certificate and we will also perform a name screening against sanctions list as a part of the background check process.
