Senior Manager of Depositary Bank (h/f/x)

Description:

Manpower Permanent Placement is recruiting on behalf of one of its clients, a fast-growing international structure based in Luxembourg, a Senior Manager of Depositary Bank (M/F/X) on a permanent contract.

• Status: Permanent contract (CDI)
• Location: Luxembourg – Kirchberg
• Start date: As soon as possible
• Start-up mindset

Within a dynamic, stable, and human-sized team, you will work in a fast-growing environment offering real opportunities for development and impact. This key position will allow you to actively contribute to the structuring and optimization of the depositary function.

Your responsibilities :

• Lead and oversee the Depositary Bank activity for AIF and UCITS funds
• Ensure the implementation and maintenance of regulatory controls (AIFMD, UCITS V, etc.)
• Act as a subject matter expert on depositary regulatory topics and maintain active regulatory monitoring
• Drive strategic projects (oversight tools, automation of controls, process optimization)
• Support and manage the team in daily activities and operational issue resolution
• Participate in fund onboarding (risk analysis, documentation review, drafting of memorandums)
• Supervise due diligence on delegates, service providers, and sub-custodians
• Ensure follow-up and escalation of incidents, as well as the implementation of remediation plans
• Validate depositary reporting, asset confirmations, and regulatory reporting
• Represent the depositary function with regulators, auditors, and other stakeholders

Your profile:

• University degree in Law, Finance, Economics, or equivalent
• Significant experience (minimum 7–8 years) in asset servicing, custody, or depositary in Luxembourg
• Fluency in English is mandatory; French and Italian or Spanish are considered assets
• Strong knowledge of UCITS, AIFMD regulations, and the Luxembourg framework
• Proven experience in team management
• Excellent communication and stakeholder management skills
• Strong analytical, organizational, and problem-solving abilities
• Autonomy, proactivity, and initiative

Why join this opportunity?

• Join a fast-growing international structure
• Evolve in an agile, collaborative, and entrepreneurial environment
• Benefit from real career development opportunities
• Actively contribute to the development and evolution of the depositary activity