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Founder & MD @ Challenger | Financial Recruitment Expert
Dublin, Ireland | Competitive Package | Senior Leadership Opportunity
Background
Dublin, Ireland | Competitive Package | Senior Leadership Opportunity
Background
Our client is a growth focused credit institution that currently acts as an independent Depositary to collective investment schemes. It is also one of the fastest-growing Fund Service Providers by AUA (Assets under Administration). An exciting opportunity has arisen for an experienced and dynamic Head of Depositary Operations to lead, develop, and scale the function.
This is a senior appointment within the firm, reporting directly to the Head of Ireland and holding PCF responsibilities (subject to Central Bank of Ireland approval). It presents a rare and unique opportunity to join our client at the next stage of its development in the Irish market, with the possibility to get a breadth of
experience across all Depositary tasks, and to personally develop with the growth of the business.
The Opportunity
As the Head of Depositary, you will be responsible for ensuring the firm's fiduciary responsibilities are discharged in full compliance with AIFMD and UCITS regulations. This role requires a strategic leader with a strong operational background in depositary services, a deep understanding of fund governance and oversight, and the ability to manage key stakeholder relationships, including regulators, clients, and internal teams.
Key Responsibilities
Depositary Oversight & Risk Management
* Lead and oversee all depositary functions in compliance with AIFMD, UCITS, and regulatory requirements.
* Ensure effective monitoring and oversight of fund service providers, including sub-custodians, managers, and administrators.
* Implement and enhance the control framework to support the firm's depositary business growth.
* Oversee key depositary tasks, including cash flow monitoring, investment & borrowing restriction checks, and safekeeping requirements.
* Identify and manage escalated issues that could lead to regulatory, financial, or fiduciary breaches.
* Support the Head of Branch in the ongoing growth initiatives of the depositary business, this will include presenting to prospective clients and development of prospective leads
Leadership & Team Development
* Manage, mentor, and develop a team of Depositary Analysts, ensuring performance management, goal setting, and professional development.
* Foster a results-oriented culture with a strong focus on continuous process improvement and operational efficiency.
* Act as a senior point of contact with internal stakeholders, coordinating with Risk, Compliance, and Legal teams to ensure depositary operations align with regulatory standards.
* Deputise for the Head of Ireland when required, representing the firm at a senior level.
️ Regulatory Engagement & Strategic Growth
* Act as a key liaison with the Central Bank of Ireland, participating in meetings, inspections, and regulatory discussions.
* Lead internal and external audits, ensuring full compliance and timely responses to regulatory reviews.
* Contribute to the firm's growth initiatives, including business development and client engagement.
* Represent the firm in industry forums, shaping depositary best practices and regulatory discussions.
The Individual
The ideal candidate is a seasoned depositary leader with a deep understanding of fund governance, regulatory compliance, and operational risk.
Experience & Qualifications:
* Extensive experience in Depositary Services, preferably within a regulated Fund Services Provider or Bank.
* Strong knowledge of AIFMD, UCITS, and European fund structures.
* Proven leadership experience with a track record of managing and developing teams.
* Experience in interfacing with regulators, particularly the Central Bank of Ireland.
* Strong analytical skills, with the ability to identify risks and implement strategic solutions.
Key Competencies:
* Leadership & Stakeholder Management - Ability to influence at senior levels and manage key regulatory relationships.
* Strategic Thinking & Problem-Solving - Ability to drive the development of depositary operations in line with business growth.
* Regulatory & Risk Awareness - Expertise in regulatory frameworks and oversight requirements.
* Operational Efficiency - Experience in enhancing depositary processes through technology and workflow improvements.
* Communication & Negotiation - Ability to articulate complex regulatory requirements to senior stakeholders and clients.
Why This Role?
High-Impact Leadership Role - Own and develop the depositary function, leading a critical division within a rapidly growing financial services provider.
Strategic Influence & Regulatory Engagement - Work directly with senior leadership and regulators to shape the future of the firm's depositary business.
Competitive Compensation & Career Growth - Attractive package reflecting the seniority of the role and the opportunity for long-term career advancement.
If you are an experienced Depositary Leader looking for a career-defining role, we would love to hear from you. Get in touch today for a confidential discussion.
Seniority level
* Seniority level
Mid-Senior level
Employment type
* Employment type
Full-time
Job function
* Job function
Finance and Management
* Industries
Banking, Funds and Trusts, and Investment Management
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