Who we are looking for

Senior Depositary Team Manager Assistant Vice President (AVP) in the Depositary function plays a key leadership role in overseeing investment monitoring, safeguarding client assets, and ensuring robust compliance with regulatory requirements across a diverse portfolio of funds. This role offers an opportunity to shape operational standards, influence policy development, and act as a senior point of contact for clients, auditors, and internal stakeholders.

The AVP will drive high quality delivery of oversight activities, strengthen client relationships, and provide subject-matter expertise on investment restrictions, regulatory changes, operational risk, and industry best practice. Experience with derivatives, alternative investment structures, and strong technical and analytical skills will be a distinct advantage.

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 Senior Depositary Team Manager, you will looking after number of areas:

1. Investment & Compliance Monitoring

Oversee investment restriction monitoring across UCITS & AIF structures, ensuring timely identification and escalation of breaches.
Review complex and derivative-based funds, ensuring portfolios remain within regulatory and prospectus‑defined parameters.
Provide expert guidance on investment monitoring methodologies, regulatory interpretations, and market standards.
Assess fund administration operating models and perform detailed oversight of NAV processes, valuation methodologies, liquidity, and cash-flow monitoring in line with AIFMD/UCITS requirements.
Support enhancements to monitoring tools, data quality initiatives, and automation opportunities.

2. Client & Relationship Management

Act as primary senior point of contact for assigned clients, ensuring exceptional service delivery and proactive communication.
Lead regular governance calls, due diligence meetings, and service review sessions.
Partner with clients to address regulatory developments, operational changes, and emerging industry risks.
Provide support during fund launches, mergers, liquidations, and prospectus updates.
Build strong, trusted relationships with management companies, investment managers, fund administrators, and other key stakeholders.

3. Leadership & Team Management

Supervise and mentor team members, ensuring high-quality reviews and adherence to deadlines.
Set performance objectives, conduct appraisals, and foster a culture of accountability, collaboration, and continuous improvement.
Manage resource allocation and workflow planning to meet client and regulatory requirements efficiently.
Support recruitment, onboarding, and development of new team members.

4. Governance, Documentation & Policy

Review and comment on draft prospectuses, supplements, and operational procedures.
Contribute to the formulation and enhancement of internal Depositary policies and oversight frameworks.
Attend board meetings and present on Depositary activities, findings, and risk assessments.
Maintain strong audit readiness and support internal/external audit processes.

5. Operational Excellence & Issue Resolution

Identify opportunities for process optimisation, automation, and enhanced controls.
Oversee the timely resolution of operational issues, regulatory queries, and client concerns.
Apply strong technical judgement in evaluating complex issues related to derivatives, valuation, liquidity, and custody.

What we value

These skills will help you succeed in this role

Leadership & People Management
Excellent communication (written & verbal)
Attention to detail & strong risk awareness
Organised, methodical, and able to prioritise effectively
Collaborative team player
Strong judgement, problem-solving skills, and a proactive mindset
Ability to work under pressure in a fast-paced regulatory environment

Education & Preferred Qualifications

Degree qualified
Strong understanding of the regulatory framework for UCITS and AIFs (AIFMD, UCITS, CBI rules).
Minimum 6 experience in Depositary, Fund Administration, Investment Monitoring, or related asset servicing roles.
Experience reviewing complex financial instruments, particularly derivatives and alternatives.
Demonstrated expertise in building and managing client relationships at a senior level.
Strong analytical, numerical, and IT skills; proficiency with monitoring tools and data analysis platforms an advantage.
Ability to lead teams, manage workloads, and deliver high-quality outcomes under tight deadlines.
Proven capability in identifying efficiencies and driving process improvements.

About State Street

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.

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Senior Depositary Team Manager, Assistant Vice President

Benefits

Job Description