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.
The Senior Depositary Bank Representative is responsible for, amongst other things, verifying the output of independent oversight checks in relation to the calculation of the net asset value (NAV), including cash flow monitoring in accordance with the Funds constitutional documentation, UCITS and AIFMD regulations respectively.
The Senior Depositary Bank Representative will be largely responsible for validating the Depositaries workflow (first review process) under two primary functions:
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 are calculations.
Furthermore, the senior analyst will oversee the activities performed by the team to independently monitor a Fund’s cash flow movements ensuring related activity is transacted in accordance with market practice and is duly reconciled at all times. Tasks will include effective monitoring of significant and inconsistent transactions, shareholder dealing (subscriptions/redemptions) reconciliations, cash flows attributable to income, expenses, and distributions. Free of payment cash transfers (margin payments) to third party entities.
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.
Responsibilities:
Transaction Analysis
- Quality control the depositary’s work flow process relative to NAV and cash flow monitoring oversight process
- Ensure the team’s work flow is running smoothly and efficiently at all times.
- Allocate the team’s work flow and actively resolve bottle necks as they arise.
- Analyze manual/non standard processes; implement solutions to automate the work flow where possible.
- Formulate a risk sensitive approach to the depositary oversight service delivery.
- Maintain daily work flow for assigned Funds
- Escalate matters arising appropriately and in a timely manner
- Manage the reporting/escalation of ‘significant’ and ‘inconsistent’ cash flow movements
- Ensure the team reconciles cash flow reporting in line with the work flow/best practice
- Evidence all cash accounts opened in the name of the AIF are made available to the Depositary
Problem Resolution
- Monitor and assist staff in terms of problem solving including the resolution/escalation of issues.
- Follow up on open inquiries.
- Interact with other BBH departments on resolution of issues.
- Reconciliation break follow up and resolution
Communications
- Communicate professionally and constructively to effectively resolve issues in order to minimize risk and exposure.
- Communicate with internal departments as necessary.
- Contribute to Management Reporting (ie: Clarity, business plan, quarterly board reporting on a timely basis.)
Process Improvement
- Gain an understanding of the big picture of how specific function impacts the firm.
- Contribute to Division/Firm process improvement activities.
- Gain efficiencies to improve individual/team productivity initatives
- Manage multiple tasks and/or projects efficiently despite resource and time constraints.
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.
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
.
Report job
