Who we are looking for

The Depositary Manager, Officer, is responsible for ensuring the delivery of high-quality oversight and control functions in accordance with AIFMD, UCITS, and local regulatory requirements. This role combines operational expertise with process engineering responsibilities, fostering a dynamic and efficient work environment.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for as a Depositary Manager:

Operational Oversight

Ensure timely and accurate execution of depositary control functions related to:

• Cash-flow monitoring.
• Safekeeping of assets.
• Oversight of the parties to a fund.

Review and approve reconciliations for cash, stock, income.

Escalate risk items and breaches as necessary.

Act as a point of contact for clients, oversight team, auditors and internal departments for inquiries.

Project & Change Management

• Lead transformation initiatives and process automation in line with project management lifecycle and corporate standards.
• Lead or contribute to CI, Lean, SSCD and AI projects aimed at efficiency and capacity savings.
• Represent the unit in cross-functional forums and project meetings.
• Evaluate current processes and suggests improvements.

Team Leadership & People Management

• Coach, mentor, motivate and develop a team of depositary employees.

• Help cascade corporate strategy and translate corporate goals into tailor made performance priorities. Lead by example.
• Foster a culture of collaboration, experimentation, accountability, and continuous improvement.
• Monitor capacity planning and resource allocation.
• Be managers’ deputy if required.

Reporting & Governance

• Ensure accurate and timely reporting of KPIs, KRIs, MIS, and capacity movements.
• Maintain high standards in documentation and presentation of materials.
• Collaborate with internal stakeholders to align on strategic goals and compliance.

What we value

These skills will help you succeed in this role:

• Excellent communication, organizational and planning skills.
• Ability to work with deadlines in a fast-paced environment.
• Project management skills.
• Attention to detail and concern for quality.

Education & Preferred Qualifications

• Proven experience in depositary operations, fiduciary services or similar – minimum 5+ years.
• Strong leadership and project management skills.
• Excellent analytical and problem-solving abilities.
• Risk management skills and knowledge on the corporate risk framework.
• Proven record of process improvements / simplifications / digitization.
• Understanding of State Street global transformation initiatives like AI, SSCD and PCC.
• Familiarity with AIFMD, UCITS, KAGB, and related regulatory frameworks.
• Effective communication and stakeholder management skills.
• Fluency in English; German is a plus.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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