Who We Are Looking For
We are looking for a Depositary Oversight Specialist. In this role, you will assist in the analysis of regulated and unregulated funds to fulfil depositary oversight duties. The range of activities is quite broad from daily to yearly conrtols. You will work closely with colleagues from different departments and different jurisdictions.
Why This Role Is Important To Us
You will be joining the Investment 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 Oversight Specialist, you will:
Perform analysis of cash flow monitoring;
Perform depositary oversight duties in accordance with UCITS and AIFMD regulations;
Performn Due Diligence on 3rd parties like Fund Administration or Transfer Agent;
Perform oversight on investment compliance monitoring
Collaborate with internal stakeholders to ensure effective implementation of operational and regulatory requirements.
Drive operational excellence through process improvements, automation initiatives, and operating model enhancements.
Maintain relevant systems and databases and prepare internal and client reporting.
Attend client meetings and support ongoing relationship management activities.
What We Value
These skills will help you succeed in this role:
Strong knowledge of depositary oversight responsibilities and applicable regulatory frameworks, including UCITS and AIFMD.
Strong analytical and problem-solving skills
Ability to apply a risk-based approach and appropriately identify and escalate risk matters.
Excellent organizational skills with strong attention to detail and the ability to meet deadlines.
Strong communication, stakeholder management, and teamwork skills with the ability to work independently and take ownership.
Experience in Fund Accouting / Custody / Investement Compliance would be considered an advantage.
Education & Preferred Qualifications
Bachelor's or Master's degree in Law, Finance, Accounting, Economics, or a related field.
Experience within a bank, asset management company, law firm, audit firm, or similar financial services organization.
Knowledge of UCITS and AIFMD Directives and related regulatory framework.
Understanding of fund structures, governance, financial reporting, and investment lifecycle processes.
Fluency in English; additional European languages would be considered an advantage.
Additional Requirements
Ability to support client meetings, due diligence exercises, and business development activities.
Continuous improvement mindset with a focus on operational efficiency and process enhancement
Work Requirement
Work Model: Hybrid
Contract Durations: 12 months
Location: Luxembourg
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Skills Required
- Strong knowledge of depositary oversight responsibilities and UCITS and AIFMD regulatory frameworks
- Bachelor's or Master's degree in Law, Finance, Accounting, Economics, or related field
- Experience within a bank, asset management company, law firm, audit firm, or similar financial services organization
- Experience in fund accounting, custody, or investment compliance
- Strong analytical and problem-solving skills
- Ability to apply a risk-based approach and appropriately identify and escalate risk matters
- Excellent organizational skills, strong attention to detail, and ability to meet deadlines
- Strong communication, stakeholder management, teamwork skills and ability to work independently
- Understanding of fund structures, governance, financial reporting, and investment lifecycle processes
- Fluency in English (additional European languages are an advantage)
- Continuous improvement mindset with focus on operational efficiency and process enhancement
- Ability to support client meetings, due diligence exercises, and business development activities
State Street Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.
-
Retirement Support — Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
-
Leave & Time Off Breadth — Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
-
Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.
State Street Insights
What We Do
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future
