Depositary Services Senior Representative

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships.  We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

Senior Depository Services Representative - Trad

BBH is currently recruiting a Depositary Services Senior Representative to join our dynamic Depositary Services team. In this key role you will be responsible for the coordination and performance of our Depositary Services Oversight controls (UCITS/AIFMD). In addition, you will assess, analyze, and monitor risks and control issues for the products and services falling under the scope of the Depositary obligations.  You will have a high level of technical acumen and analytical skills in order to foster a solution orientated and consultative approach to performing our Depositary obligations

The Senior Representative will be responsible to oversee the minimum standards and practices of the Depositary oversight team are adhered and maters arising are escalated to his/her line supervisor in a timely and efficient manner.

Key responsibilities include:  

• Ensure independent validation checks are carried out to evidence the valuation of Fund assets (NAV) is being performed in all material respects.  Such tasks will include, but not limited to, ensuring team compliance procedures and controls specific to shareholder dealing, security valuations, income and expenses, distributions, corporate actions, including performance fees calculations. 

• Process improvement and project management
  • Initiate gap analysis on the depositary controls and provide enhancement recommendations
  • Participate in writing Business Requirements Documents (BRDs)
  • Ensure that business requirements are met when a new solution is implemented
  • Manage multiple tasks and/or projects efficiently
• Development
  • Learn new software that becomes available to the department and apply your knowledge to build controls
  • Partner with the relevant internal departments to implement new solutions
• Problem Resolution
  • Be proactive to propose process enhancements
  • Provide solutions using technologies to complex business problems
  • Maintain an issue log and prioritize each issue based on a RAG status
• Daily Activities:
  • Review the work performed by the team surrounding due diligence and ongoing monitoring activities and/or directly handle more complex client relationships
  • Monitor the completion of deliverables by team members surrounding the Depositary Continuous Oversight & Monitoring Process.
  • Support the team in determining appropriate resolutions to new regulatory obligations.
  • Prepare and review documentation for regulators and external auditors
  • Support the Team on questions from clients, regulators, external auditors and/or BBH internal departments.
  • Escalate within the team significant audit issues, set direction/communicate proposed manner of resolution of audit issues and concerns that have a significant impact
  • Develop and maintain peer relationships to share best practices
  • Develop and execute the Depositary Bank Continuous Oversight & Monitoring Process. This includes the development & execution of an inventory of tasks, inputs & sources, frequency of reviews, monitoring thresholds and follow-up parameters, documentation standards and reporting requirements, and escalation procedures.
  • Ensure the completeness of the Fund specific reviews and Due Diligence reviews in line with the agreed annual schedule - review the implementation of the operating models making sure that appropriate controls are in place and issues are identified and escalated timely and appropriately

Qualifications:

• Education level and/or relevant experience(s) BA/BS degree or equivalent work experience.
• Knowledge and skills (general and technical) Demonstrated Microsoft Office skills.
• Ability to identify, escalate and resolve a problem.
• Ability to communicate professionally through effective verbal and written skills.
• Ability to manage time efficiently and effectively.
• Organizational skills and detail-oriented.
• Ability to work in a team environment.
• Ability to meet deadlines and work under pressure.
• Knowledge of Depositary (fiduciary) oversight functions
• Ability to work overtime as necessary

We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.

About BBH:

Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.

We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another. 

We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation.  As a private partnership, every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people. Our long-tenured leaders are experts in their areas and are actively involved in the day-to day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours.

Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.