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Depositary Associate - Financial Services

City of London Permanent £40,000 - £45,000 per year View Job Description
An alternative investment services provider is seeking a Depositary Associate to manage a portfolio of funds and coordinate day-to-day depositary activities across multiple clients. You will take ownership of client delivery, oversee key regulatory and operational controls, and help mentor junior team members in a high-performing environment.
  • Join a fast-growing alternatives investment services business
  • Full study support and strong career development pathway

About Our Client

Our client is a growing specialist financial services organisation operating within the alternative investment sector. The business supports private markets funds across a range of asset classes and offers employees exposure to complex, high-value fund structures within an entrepreneurial and quality-focused environment.

Job Description

  • Manage an allocated portfolio of private equity, real estate, private credit, venture capital and infrastructure funds.
  • Act as the main day-to-day contact for clients and oversee service delivery.
  • Coordinate client meetings, reporting timetables and ongoing relationship management.
  • Support client onboarding, risk assessments and control reviews.
  • Oversee depositary testing relating to subscriptions, drawdowns, acquisitions, disposals and distributions.
  • Monitor cash movements, investigate exceptions and maintain robust audit trails.
  • Verify asset ownership, safekeeping arrangements and compliance with fund documentation.
  • Apply AIFMD oversight requirements and support annual review processes.
  • Review and coordinate work completed by junior colleagues and provide coaching where appropriate.
  • Assist with reporting and related regulatory obligations.

The Successful Applicant

  • Experience within depositary services, fund administration, audit, accountancy, compliance or a related financial services control function.
  • Exposure to private markets funds such as private equity, real estate, infrastructure, venture capital or private credit is advantageous.
  • Strong understanding of risk management, controls, governance and audit trails.
  • Excellent organisational skills with the ability to manage multiple priorities and deadlines.
  • Strong communication skills and confidence interacting with clients and stakeholders.
  • High level of attention to detail with a proactive and accountable approach.
  • Ability to review the work of others and support the development of junior team members.
  • Willingness to pursue the CAIA qualification.

What's on Offer

  • Competitive Salary + Bonus + Range of Benefits
  • Opportunity to join a growing specialist business within the alternatives sector.
  • Broad exposure to a diverse range of private markets funds and clients.
  • Structured career progression and development opportunities.
  • Collaborative and supportive team environment.
  • Full study support for the CAIA qualification
  • Office Based in the City
  • Hybrid Working (4 days in per week)
Contact
Mary Cotter
Quote job ref
JN-102026-7130216
Phone number
+44 207 776 5987

Job summary

Job function
Banking & Financial Services
Subsector
Accountancy & Finance
Sector
Financial Services
Where
City of London
Contract type
Permanent
Consultant name
Mary Cotter
Consultant phone
+44 207 776 5987
Job reference
JN-102026-7130216