The Depositary Team provides depositary services to Malta based UCITS and Alternative fund structures (AIFs). The Depositary Officer will be responsible for the day-to-day monitoring of Collective Investment Schemes (“CIS”) to ensure their compliance with the requirements imposed onto by the Malta Financial Services Authority, the CIS’ constitutional documents and internal policies and procedures. The role will focus on monitoring an allocated pool of CIS, mainly ensuring that operational activities are conducted in an efficient and timely manner. The Depositary Officer will directly report to the Department’s Manager and Senior Officers.

The ideal candidate should bring the willingness to learn, have strong organisational and planning skills and the ability to deliver within agreed timeframes and have good communication skills. This is an excellent opportunity for a candidate looking to gain a wider knowledge of the funds’ industry, while contributing to the success of the business and further develop their career in tandem with a growing company.

Main Duties of the role:
  • Monitoring regulatory and prospectus based investment restrictions
  • Review calculations of the funds NAVs and Transfer Agency activities and escalation with fund parties (Investment Manager/Administrator) as appropriate
  • Daily cash flow monitoring and asset verification checks
  • Investigation, documentation and escalation of breaches, pricing and other errors to Management and/or Administrator/Investment Manager and updating the regulatory / prospectus breach and error registers
  • Contributing to the ongoing enhancement of policies and procedures
  • Providing support to Seniors in planning for onsite visits to Administrators and Investment Managers
  • Dealing promptly with ad hoc queries and projects relating to the CIS under supervision
  • Assisting the Seniors’ and/or Manager with ad hoc projects
  • A College or University degree and/or relevant proven work experience is preferred
  • Relevant/related experience within Depositary, or individuals with Fund Accounting or Custody experience looking to move to Depositary
  • Knowledge of CIS structures and relevant regulation, including UCITS Directive and AIFMD
  • Proactive, focused attitude towards work and the ability to plan and consistently meet deadlines.
  • Demonstrate good written and oral communication as well as analytical skills, with great attention to detail
The successful candidate will benefit from training in respect of the Depositary’s duties and oversight requirements and will gain an exposure to a wide range of fund types and structures.

Extensive training will be provided.
An attractive remuneration package will be offered to the right candidate.
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