Junior Depositary Officer

A powerful combination

It’s never been a more exciting time to join our organisation. Tricor and Vistra have now merged to form one organisation, which means we’re now a powerhouse of over 9000 colleagues in 50+ jurisdictions across the globe. We’re seizing the opportunity to create a purpose-led organisation that will unlock significant value for our business, our clients, and our people.

Do you have an inquisitive mind and a critical eye? Did you always want to know more about Investment Funds? Then Vistra Depositary Services (VDS) is the place for you! We have a great spot for you joining as a Junior Depositary Officer.

The Depositary team is the best spot you can be in if you want to learn everything about the discrete world of the Alternative Investment Funds; how they operate and generate superior returns for their investors.

Vistra works with all the major players in this industry and this is a unique opportunity to learn from the market leader.

Depositary as a service is a relatively young product of Vistra, that originates from the Alternative Investment Fund Managers Directive (AIFMD, 2011). This European law aims to further protect investors following the financial crisis of 2008.

Scope

As a Junior Depositary Officer your clients will be the top Private Equity houses from the Netherlands and globally whenever they manage a Dutch Fund and meet the AIFMD thresholds. Depositary has three main tasks flowing from the AIFMD: (1) Cash flow Monitoring of all bank accounts for the Fund, (2) Safekeeping duties: ownership verification / record keeping of the assets of the Fund, and (3) Oversight Duties.

You will be working in a team of 10 colleagues with legal and financial backgrounds who are highly dedicated and regulatory orientated professionals.

Key responsibilities

• Cash flow monitoring: review and reconcile cash-flows related to investments, capital calls / distributions, management fees and other fund expenses;
• Ownership verification: Verify ownership of the assets of the funds with supporting legal documentation and maintain an up-to date asset register;
• Oversight: understand and review the investment restrictions and borrowing limits of the fund. Review quarterly reports and reconcile valuation methodologies applied, waterfalls and other key metrics;
• Identify investments and divestments and review all related deal documentation such as share purchase agreements, deeds of transfer / issuance of shares, loan agreements, notary letters, and share registers;
• Assist with the on-boarding and intake processes for new prospects and compliance reviews for existing clients;
• Assist clients and their banks with the bank account SWIFT connection to Vistra’s systems.  
• Correspondence with clients, fund administrators and maintaining good relationships with all parties involved;
• Interact with other Vistra teams, and the legal, compliance and finance departments;

Key Requirements

• Excellent command of English (and/or in Dutch) language, verbal and written;

• 0-3 years’ work experience in finance / audit;
• Work experience with Alternative Investment Funds (Private Equity) and/or M&A is a plus, affinity is a must;
• Completed BSc. or MSc. degree in Accountancy, Business Administration or equivalent.

Company Benefits

At Vistra Netherlands, we offer a challenging position in an ambitious organization where no day is the same. A company with a view to the future where you can grow together with and, above all, put your own stamp on. In addition, we offer:

• Market related remuneration and benefits (e.g., allowance to travel to work).
• 8% holiday allowance & 26 days off per year plus 1 flexible public holiday. The option to buy (max. 5) vacation days.
• Collective pension scheme, non-contributory, option to voluntary save extra with a maximum of 5,4%. 
• Vistra Bonus Plan, based on Vistra Group performance and individual performance.
• Learning and training, i.e., via our digital learning environment ‘Vistra Skills Platform’.
• Work laptop.
• The possibility to work partially from home and a fee to set up your home office.

We care about you, so we offer:

• Our Well-being program (Open Up).
• Employee discounts via Benefits at Work.
• Bike riding via the bike scheme.
• Free coffee, tea, soft drinks and fresh fruits in our office.

Around the world, our staff volunteer time as well as raise funds for groups and organizations in their local communities. Vistra supports employees’ charitable efforts by encouraging engagement in Corporate Social Responsibility (CSR) initiatives and projects to improve our impact as a company. ​You could participate in team volunteering activities to support your communities, with one day per year being paid for. Don’t have the time? With Payroll Giving it will be easier and more financially attractive for you to donate to charity.

We value interdepartmental collaboration, work as ONE Vistra throughout the world and of course get to know each other better outside of work at our DoMiBo’s (Thursday Afternoon Drinks). We look forward to getting to know you better as well!

If you are excited about working with us, we encourage you to apply or have a confidential chat with one of our Talent Acquisition team members. Our goal is to make this a great place to work where all our people can thrive. We hope you join us on this exciting journey!