The Depositary Control Analyst mainly carries out systematic verifications according to the Depositary Control Plan and/or the applicable laws and regulations. Systematic verifications are controls applied automatically under defined procedures (monitoring of UCIs, ratios, inventory control, compliance with net asset value calculation). He/she also participates in specific verifications, to give the custodian reasonable assurance that the risks specific to management and valuation activities are controlled by the management company (Due diligence, haddock subjects). He/she takes the necessary actions in the event of detected anomalies vis-à-vis management companies, external auditors and local supervisory authorities
Activities :
Monitoring of Funds (UCITS & AIF)
• Perform controls on the Net Asset Value of the funds through our control plan (for instance : reconciliation of cash balances/securities, ensure that the dividend are distributed correctly to the shareholders, review the expenses/fees, follow up subscriptions/redemptions, make sure that the assets are eligible, follow up that the transactions are settled on time, etc.)
• Carry out cash flow monitoring on a daily basis. Analyze any unknown cashflow and contact the management company if necessary
• Assist in the performance of due diligence visits of management companies and draft reports for management review
• Assist in the redaction of our Depositary Bank Report which is addressed to the management company/ Board members and present the reports at board meetings if needed
• Assist management with collation of data for key performance indicators and routine internal depositary reporting
• Contribute to various tasks and projects such as: Liquidity stress testing, ownership verification, circularization, launch/migration/liquidation of funds, ESG evolving regulatory framework, continuously improve our efficiency with regards to Private Equity and Real Estate, etc.
• Collaborate with various third parties such as Management Companies, Auditor, Regulator, Board of Directors, Asset Manager, Fund Administrator, Transfer Agent, Legal.
Investment restrictions
• Ensure that the Asset Manager is following the regulatory ratios and specific rules mentioned in the prospectus or any similar documentations (for instance: eligibility criteria’s, concentration risk, ESG, specific ratios, etc.)
• Monitor the quality of our database to ensure that the constraints are implemented correctly in our system (Alto IC)
• Monitor the resolution of anomalies in permanent relations with the Asset Manager/ Management Companies
