Head of Depositary - Luxembourg

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

With a curious mindset, we ask the right questions to get to the right solution, faster. We collaborate to win together, sharing successes and shaping the future of our global business. Our culture of support and recognition provides the tools and opportunities for you to grow, while unlocking the most value for our clients and making your mark with Ocorian.

Expertise: We deliver specialist, tech-enabled solutions for our clients grounded on deep industry expertise.

Trust: We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients.

Scale: With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

Purpose of the Job

The Head of Depositary is responsible for the strategic leadership, governance and development of Ocorian’s Luxembourg depositary function. The role ensures the delivery of a high‑quality, compliant and client‑focused depositary service, acting as the principal point of contact for clients, regulators and internal stakeholders. With accountability for regulatory oversight, risk escalation and operational excellence, the Head of Depositary drives the growth of the depositary business, supports new business initiatives and promotes consistent group-wide standards, while fostering a strong control environment and developing a high‑performing team aligned with Ocorian’s values.

Depending on the profile and regulatory approval, the position may be combined with an authorised manager (Conducting Officer) role for the Depositary function, with corresponding responsibility for regulatory oversight and engagement with the CSSF.

Main Responsibilities

Leadership, Governance & Regulation

• Act as the primary senior contact for all Luxembourg depositary relationships, including clients, regulators and internal stakeholders.
• Assume overall responsibility for the governance, oversight and regulatory compliance of the Luxembourg depositary function in line with CSSF requirements.
• Serve as the key point of escalation for depositary‑related risks, breaches or issues, ensuring timely reporting to senior management and the Board of Directors where appropriate.
• Act as the principal adviser to management on all depositary‑related matters.

Client Service & Business Development

• Consolidate and grow the existing depositary client base, taking a leading role in the strategic development and positioning of Ocorian’s depositary offering in Luxembourg.
• Support new business initiatives by assisting with client proposals, fee estimates, presentations and responses to due diligence requests.
• Build and maintain strong, trusted client relationships, ensuring delivery of a consistently high‑quality and client‑focused depositary service.

Operational Oversight & Systems

• Oversee the delivery of first‑class depositary administration services, ensuring appropriate controls, processes and service standards are maintained.
• Lead the ongoing review, enhancement and implementation of depositary procedures, policies and checklists, ensuring they remain current and aligned with regulatory and best‑practice expectations.
• Drive the development and optimisation of depositary systems and tools, liaising with other jurisdictions to promote a consistent, scalable, group‑wide approach.

People Leadership & Development

• Lead, mentor and develop the depositary team, providing clear direction, training, coaching and performance oversight.
• Foster a strong risk and control culture, ensuring junior team members are appropriately trained and supported in their regulatory responsibilities.

Thought Leadership & Market Presence

• Contribute to Ocorian’s thought leadership by participating in industry panels and representing the firm at conferences and industry forums.
• Monitor market, regulatory and industry developments relevant to depositary services and assess their impact on the business.

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Knowledge, Skills & Experience

• A relevant professional qualification to Professional Level (or equivalent) is desirable.
• Significant experience within the alternative investment fund sector, with exposure to real assets such as Private Equity, Real Estate, Infrastructure and Private Debt
• Proven ability to interpret and apply regulatory requirements pragmatically within an operational context.
• Experience engaging with regulators and senior stakeholders on governance and control matters.
• Strong interpersonal skills. Pragmatic, approachable and independent; able to apply tenacity where necessary.
• Pragmatic, credible and independent professional with the confidence to challenge where necessary.
• Excellent interpersonal and communication skills, with the ability to influence at all levels both internally and externally.
• Strong judgement, analytical capability and attention to detail, with the ability to identify, assess and escalate risks appropriately.
• Calm and resilient under pressure, able to prioritise effectively and manage competing deadlines.
• Collaborative team leader who promotes accountability, development and high performance
• Fluent English, any other language is considered an advantage.

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

• We are CLIENT CENTRIC – Clients are at the centre of our world, and we’re committed to providing expertise and specialist solutions to meet their most complex challenges.
• We are AMBITIOUS – We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.
• We are AGILE – We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE – With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.
• We are ETHICAL – We behave with integrity at all times and assume positive intent, building trust through responsible actions and honest relationships.

Equal Opportunities for Everyone

Please let us know if there’s anything we can do to make the process easier for you. You can reach us at [email protected].

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

information will be kept confidential according to EEO guidelines.