Managing Director - Depository - Dublin

My client is one of the largest and most successful banking groups in the world.

A Depository Branch has been established and approved in Dublin with key staff in place.

Job Description

• Strategic management of Trustee and Custody functions of the Branch
• Ensure the development of the Branch in line with the Bank’s goals.
• Work closely with group related companies in delivering a high quality service to clients.
• Ensure SLD/A’s in this area are adhered to.
• Build a strong and professional team with a performance ethos.
• Act as point of contact for the CBI, ensuring all financial and regulatory returns (including ONR Returns) are made within the prescribed time frame.
• In this regard the Branch Manager will be responsible for any ONR Returns required by the Banking Supervision Team and by the Investment Firms and Fund Supervision Division.
• Signing off on all ONR Returns.
• Manage the day to day operations of the Branch, together with the management of staff.
• Develop and ensure relevant training is made available to the Branch staff.
• Through motivation ensure key staff are retained.
• Act as main point of contact for the clients of the Branch.
• Participate in the new business acceptance committee providing updates on regulatory changes.
• Work closely with the Sales and Relationship Management teams with respect to pricing policy and product positioning.
• Liaise with internal and external stakeholders and counterparties.

Skills and qualifications

• c.15-20 years’ experience in financial services with the following skills and expertise. The candidate should be a well-established figure in the industry. Excellent knowledge of the Depositary/Custody/ trustee function as defined by EU regulations, in particular as they pertain to the Irish and Luxembourg markets.

• High level of Risk and Control knowledge.
• Balances service/quality and cost/timing/risk.
• Ideally, previously approved under the Fitness and Probity Regime of the Central Bank of Ireland.
• Takes a view across the business, and does not take a ‘silo’ approach.
• High-level analytical skills dedicated to precision with a focus on continuous improvement of the team.
• Strong personality; influencing/negotiating/communicating skills with the capability to interact with Senior Management of the Bank, in all aspects of the business (e.g. identify and propose better alternatives for doing things).
• Good listener.
• Fosters loyalty and team spirit. Encourages team learning, sharing and mutual support.
• Capable of being a project leader and/or to intervene and add significant value on projects.
• High level of IT and PC software skills.
• Good writing/reporting skills.