The role will report to the Head of Ireland Trustee & Fiduciary Account Management working within Citi Depositary Services Ireland DAC. Citi provides Trustee and Depositary related Fiduciary Services to regulated and unregulated investment funds and is a part of the Global Funds Services business. The position will be based in Dublin.
Job Description:
It is a part of a team of Fiduciary Monitoring Officers, acting as a primary contact in the delivery of an excellent Depositary service to our clients on a daily basis. Fiduciary Monitoring Unit is responsible for the core depositary duties of investment restriction monitoring, periodic NAV reviews and cash flow monitoring for both UCITS and AIF clients.
The oversight of Fund Administrators, Managers and Transfer Agents in order to ensure that funds to which Citi are the appointed Depositary are managed in accordance with regulatory requirements.
Work with Citibank Europe plc Poland (CEPP) Trustee operations acting as service provider for the NAV review process, investment restriction monitoring, daily banking and other processes in accordance with the PLSD / ICSA and approved procedures.
To ensure a consistent EMEA service and product offering is delivered and where required developed for existing and potential fund clients.
The position exists to protect interests of investors in funds and to ensure Citigroup's franchise and reputation is safeguarded with the appropriate regulatory bodies, mutual funds market and client base.
Key Responsibilities:
Fiduciary Oversight
- Completion of daily cash flow monitoring across all clients. Tracking all issues and communication with clients.
- Execution of investment and borrowing monitoring checks for designated funds, monitoring all relevant aspects of investment management activity, including securities lending, OTC / exchange traded derivatives and third party held assets, to ensure adherence to regulatory requirements.
- Liaising with clients in relation to classification of breaches and agreeing compensation to be paid. This includes reporting of material breaches to the Regulator.
- Oversight the NAV review process and liaising with the fund administrator and client to resolve queries in a timely manner.
- Collaboratively working with our offshored service provider through weekly and monthly service calls and review meetings.
- Oversight of the Citi and third party Fund Administrators in relation to the processes and controls in place for the preparation of the NAV.
- The timely and accurate set-up of new funds from the standpoint of investment monitoring, NAV review, cashflow monitoring and asset register.
- Manage the flow of data received by/from internal support teams to ensure that relevant and timely information is provided to clients and their associated service providers. Work with internal support teams and external parties to resolve any outstanding client issues.
- Work with relevant parties to ensure in-specie transactions are executed in a timely and accurate manner
Client Management
- Work within a team of Fiduciary specialists whose core objective is to provide an excellent Trustee & Depositary service to customers on a day-to-day basis.
- Attend client fiduciary meetings.
- Completion of periodic client & board reporting.
Projects
- Participation with other Depositary jurisdictions on projects associated with regulatory change management and process enhancement and standardisation.
General
- Engagement in projects and additional tasks as requested by Head of Ireland Fiduciary Account Management.
- Build regulatory knowledge, keeping abreast of all updates to UCITS/AIFMD and other such regulations affecting the funds industry.
Knowledge/Experience:
- Fiduciary or other compliance/financial services related experience.
- Experience working with exceptions-based monitoring systems in Trustee/Depositary, custody, fund accounting or reconciliation systems e.g. CRIMS.
- Good technical knowledge of financial instruments and investment strategies.
- Knowledge of UCITS & AIFMD investment restrictions would be a requirement.
- In-depth understanding of European fund regulations.
Skills:
- Teamwork, innovation/creativity, adaptability & flexibility, positive approach to new ideas and concepts.
- Strong knowledge of all MS Office Suite of applications (Word, Excel PowerPoint).
- Some experience interacting with MS Excel tools (including VBA and SQL) would be highly desirable.
Qualifications:
- Bachelor’s degree or equivalent.
- Relevant Funds industry qualifications.
Competencies:
- Integrity & strong ethics.
- Strong management & team working ability.
- Ability to multitask with attention to detai
- Excellent communication skills, both oral & written including confidence in dealing with clients and internal parties at all levels.
- Self-starting, idea generating, able to show initiative and manage deliverables from start to finish.
- Analytical, technical, IT, numeracy & intellectual ability to understand derivatives within the context of regulations.
What we offer:
By joining Citi Dublin, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well. Discover more here.
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group: Product Management and Development------------------------------------------------------
Job Family:Fiduciary Services------------------------------------------------------
Time Type:Full time------------------------------------------------------
Primary Location Full Time Salary Range:85 600,00 € - 128 400,00 €------------------------------------------------------
Most Relevant Skills Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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Citi Dublin, Dublin, IRL Office
1 N Wall Quay, North Wall, Dublin, Dublin, Ireland
