Who we are looking for

We are looking for an experienced Senior Depositary Team Manager for Assistant Vice President (AVP) role to join our Depositary team, reporting directly to a VP. 

This role offers an excellent opportunity to take on a leadership position within a dynamic and evolving regulatory environment. The successful candidate will provide oversight across Depositary activities, support the delivery of high-quality client service, drive process improvements, and contribute to the strategic development of the function. 

The role requires strong technical knowledge of Depositary obligations, proven people management capabilities, and the ability to build effective relationships with clients, regulators, auditors and internal stakeholders

The Depositary function plays a critical role in safeguarding investor interests and ensuring funds operate in compliance with applicable regulatory requirements. 

As Senior Depositary Team Manager, you will contribute to the effective oversight of fund structures, service providers and operational processes while helping to shape the future direction of the Depositary business. You will be expected to lead teams, manage risk, support regulatory initiatives and ensure the delivery of a consistently high-quality service to clients. 

Why this role is important to us

You will be joining the Investment Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for

As a Senior Depositary Team Manager, you will:

• Provide oversight and leadership across Depositary operations and regulatory activities. 

• Manage and develop team members, providing coaching, support and performance management. 

• Ensure client, regulatory and internal deadlines are met to a high standard. 

• Act as a key escalation point for complex operational, risk and regulatory matters. 

• Review and challenge fund structures, onboarding assessments and service provider arrangements. 

• Oversee the management and resolution of breaches, incidents and operational issues. 

• Build and maintain strong relationships with clients, fund management companies and service providers. 

• Attend and contribute to board meetings, client meetings and due diligence reviews. 

• Support audits, regulatory inspections and client due diligence exercises. 

• Review and approve Depositary policies, procedures and governance documentation. 

• Drive process improvement initiatives, operational efficiencies and control enhancements. 

• Produce and present management information, risk reporting and business updates to senior management. 

• Support resource planning, capacity management and departmental objectives. 

• Contribute to strategic projects and regulatory change initiatives impacting the Depositary function. 

What we value

These skills will help you succeed in this role

• Strong leadership and people management skills.
• Strong regulatory and risk awareness. 
• Strong organisational and prioritisation skills. 
• Ability to manage multiple competing priorities. 
• A collaborative and proactive approach to leadership.

Education & Preferred Qualifications

• Degree qualified 
• Significant experience within the investment funds industry. 
• Strong understanding of UCITS, AIFMD and Depositary regulatory requirements. 
• Experience managing teams and developing talent. 

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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