Depositary & Oversight Specialist

Banking Services Luxembourg, Luxembourg


Depositary & Oversight Specialist - Luxembourg

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit

About the Team & Business Line:

Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best of breed process and technology.

As a core member of our Depositary team you will work closely with internal stakeholders and cross-functional teams to provide international investment managers with a comprehensive custody and banking service to meet their alternative investment strategies.

Your Role:

  • Maintain and enhance depositary procedures, review programs and checklists.
  • Involved in assessing the complexity of AIF strategies and determine how to apply oversight procedures appropriately to each AIF.
  • Evaluate Private Equity, Debt and Real Estate transactions and cash flows.
  • Obtain and assess legal documentation to fulfill depositary’s ownership verification and record keeping duties.
  • Work with internal and external parties to resolve queries and escalate any issues.
  • Assist the on-site inspections of AIF administrators and sub-custodians.
  • Attend periodic client service meetings / board meetings.
  • Provide departmental reporting to management and participate in team development activities and ad-hoc projects.


About You:

  • 3rd level business / finance / legal qualification and a minimum of 3 years operational experience in the alternative funds industry.
  • You are experienced working with some of the following assets classes - private equity, infrastructure, debt or real estate investment funds.
  • You display in depth knowledge of depositary duties and responsibilities.
  • You have strong written and spoken English.


Our Benefits

Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.