About Waystone
Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.
Summary: Reporting to the Associate Director-Depositary Services, the Associate-Depositary Services will be an integral part of the team’s success.ESSENTIAL DUTIES AND RESPONSIBILITIESThis role will require the Associate-Depositary Services assist the depositary team to deliver monitoring and oversight depository services to a number of alternative investment fund clients (AIFs) or private funds and will include adherence to certain policies and procedures required under the Alternative Investment Fund Manager Directive (AIFMD), the Cayman Private Funds Act (CPF) or other similar depositary related directives as applicable. Key duties include •
Performance and review of daily cash monitoring •
Performance and review of ongoing oversight and sample based controls reviews •
Assisting the team with Client reporting •
Assisting the team to oversee all other Depo-lite related services & requirements
REQUIREMENTSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Experience:•
1-2 years experience in funds sector •
Previous work experience or understanding of alternative funds is desirable but not essential •
Previous work experience or understanding of depositary/trustee services is desirable but not essential •
Understanding of operational controls testing is desirable but not essential •
Understanding of AIFMD and related regulatory is desirable but not essential
Education:•
University degree (e.g. Business /Accountancy/Finance desirable)
Skills Required
- 1-2 years of experience in the funds sector
- University degree, preferably in Business, Accountancy, or Finance
- Understanding of alternative investment funds
- Experience or understanding of depositary or trustee services
- Understanding of operational controls testing
- Understanding of AIFMD and related regulations
What We Do
Waystone is the leading provider of institutional governance, risk and compliance services to the asset management industry. Partnering institutional investors, investment funds and asset managers Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now supporting asset managers with more than US$2Tn in AUM Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence
