Senior Investment Compliance Manager

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates.

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

As a Senior Investment Compliance Manager, your main responsibilities will be to:

• Checking the legal and contractual rules of UCITS and AIFs
• Analysing/evaluating fund prospectuses/contracts with regard to the investment limits to be monitored
• Collaboration in the professional and technical development of the investment limit check in the depositary
• Ensure that first line of defence controls relating to the funds are executed in a timely manner and in line with internal procedure, escalate any identified issue
• Optimisation and updating of processes in the investment compliance team
• Contact person for management companies as well as supervisory authorities, auditors and internal audit
• Keep up-to-date with related business, technical and regulatory developments
  
  

As a candidate for the role, you offer:

• Master’s degree or equivalent in economics, management, law, or any other relevant education, ideally supplemented with training in risk management or relating to the banking / fund industry overall with emphasis on alternative funds
• Professional experience consisting of minimum 3 years in the field of investment limit checks
• Broad fund industry knowledge of the responsibilities of the Depositary under both UCITS and AIFMD. An understanding of complex Private Equity, Real Estate, and Hedge Funds’ strategies being a distinct advantage for the role
• High and constant level of commitment, equally comfortable working independently or within a team. Ability to coordinate work across multiple disciplines, prioritize, and handle multiple tasks while meeting tight deadlines
• Good communication skills i.e. able to articulate complex issues and deliver concise messages verbally and in writing in English and German.
• Computer literacy consisting of strong functional knowledge of Microsoft Office suite applications, particularly in Excel, knowledge in VBA being an asset
• The concept of value of diversity and inclusion at the Bank, as to promote a culture where anyone can realize its full potential, and bring its true, authentic self to work
  
  

As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct souring model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.