Senior Depositary Services Specialist

🏗 We're Hiring: Senior Depositary Services Specialist

📍 Location: United Arab Emirates (Remote)

🕒 Employment Type: Full-Time

💼 Experience Level: Mid-Level to Senior

🌐 Work Arrangement: Fully Remote

About Us

We are a construction-focused organization committed to financial integrity, regulatory compliance, operational excellence, and effective risk management. Our multidisciplinary teams collaborate across Finance, Treasury, Legal, Commercial, Procurement, Risk Management, and Executive Leadership to maintain strong governance and reliable financial operations.

The Role

We are seeking an experienced Senior Depositary Services Specialist to oversee depositary operations, asset safekeeping oversight, cash flow monitoring, fund oversight activities, and related compliance controls. The successful candidate will help safeguard financial assets, verify ownership and transaction records, monitor fund activities, and ensure adherence to applicable regulatory requirements and internal procedures.

Key Responsibilities

• Oversee depositary service activities and related operational controls for investment funds and financial assets.
• Monitor asset safekeeping arrangements and verify ownership records against fund documentation and custodian statements.
• Review cash flow information to identify unusual movements, discrepancies, and potential control weaknesses.
• Reconcile fund assets, cash balances, and transaction records with custodians and relevant service providers.
• Support oversight of fund subscriptions, redemptions, distributions, and other cash movements.
• Review investment transactions to assess compliance with applicable fund rules, investment restrictions, and operating procedures.
• Monitor settlement activities and investigate failed, delayed, or unmatched transactions.
• Coordinate with fund administrators, custodians, transfer agents, investment managers, and internal stakeholders.
• Review documentation relating to asset ownership, custody arrangements, and fund transactions.
• Identify operational risks, exceptions, and potential breaches, escalating material issues through established channels.
• Maintain accurate depositary records, monitoring logs, reconciliation schedules, and supporting documentation.
• Prepare reports covering cash monitoring, asset verification, exceptions, and outstanding remediation actions.
• Support compliance with applicable UAE regulations, fund requirements, contractual obligations, and internal policies.
• Assist with internal and external audits, regulatory reviews, and control assessments.
• Evaluate operational processes and recommend improvements to asset oversight, reconciliation, and reporting controls.
• Support the implementation and testing of depositary, custody, and fund administration systems.
• Maintain confidentiality when handling sensitive financial information and investor records.
• Provide technical guidance to colleagues on depositary procedures, fund oversight, and operational controls.
• Perform other depositary services, fund oversight, and financial operations duties as assigned by management.

Qualifications and Experience

• Bachelor's degree in Finance, Accounting, Banking, Economics, or a related discipline.
• Relevant experience in depositary services, fund administration, custody operations, investment operations, or financial oversight.
• Strong understanding of asset safekeeping, cash monitoring, fund structures, and custody arrangements.
• Familiarity with fund oversight requirements, financial reconciliations, and investment transaction controls.
• Knowledge of applicable UAE financial regulations and relevant international fund governance standards.
• Proficiency in Microsoft Excel and fund administration or custody management systems.
• Strong analytical, problem-solving, documentation, and reporting skills.
• Excellent communication and stakeholder coordination abilities.
• High standards of integrity, accuracy, confidentiality, and professional judgment.

Preferred Certifications

• Chartered Financial Analyst (CFA)
• Association of Chartered Certified Accountants (ACCA)
• Certified Public Accountant (CPA)
• Relevant fund administration, custody, or investment operations certifications

Key Performance Indicators (KPIs)

• Accuracy and timeliness of asset and cash monitoring.
• Completion of reconciliations within established deadlines.
• Timeliness of identifying and resolving operational exceptions.
• Compliance with fund oversight procedures and applicable regulations.
• Quality of documentation and audit readiness.
• Reduction in recurring reconciliation issues and control deficiencies.
• Effectiveness of risk escalation and remediation processes.

What We Offer

• Competitive compensation based on experience and qualifications.
• Fully remote working arrangements.
• Opportunities to strengthen financial oversight and operational controls.
• Collaboration with multidisciplinary teams supporting international projects.
• Professional development and continuous learning opportunities.
• A supportive environment that values integrity, accountability, and continuous improvement.

How to Apply

Interested candidates are invited to submit an updated CV and cover letter highlighting their depositary services experience, fund oversight expertise, and relevant professional qualifications.

• Join our team and help strengthen asset oversight, financial transparency, and depositary operations