Head of Depositary | Limassol, Cyprus (On-Site)
Experience
We're looking for a Head of Depositary to join a growing financial team and lead the firm’s depositary function. This senior role focuses on ensuring regulatory compliance, safeguarding fund assets, overseeing cash flows, and providing independent oversight of fund operations.
Benefits
Full-time, on-site in Limassol, Cyprus (or willing to relocate).
Salary
Competitive (based on experience).
You will join a European-licensed investment firm regulated by CySEC, specializing in portfolio management and traditional brokerage services for professional clients. The company brings together experienced professionals in wealth management, trading, and compliance. You will play a critical role in protecting investors’ interests and ensuring that all depositary activities comply with regulatory, legal, and internal requirements.
About the company and the project:
Your tasks
Ensure the company acts honestly, fairly, professionally, and in the best interests of AIFs and their investors. Ensure all depositary actions align with investment strategies and regulatory requirements.
Oversee safekeeping and custody of all AIF assets in accordance with legal and regulatory frameworks. Verify ownership of AIF assets and ensure proper record keeping. Monitor third-party custodians to ensure safekeeping obligations are fulfilled. Perform reconciliations and escalate any discrepancies identified.
Monitor cash flows and ensure accurate processing of payments, receipts, and disbursements. Validate investor subscriptions, redemptions, and other cash movements according to AIF policies and regulations. Verify Net Asset Value (NAV) calculations for AIFs.
Ensure compliance with AIF Law, AIFM Law, and other relevant regulations. Monitor regulatory developments and ensure policies and procedures remain aligned with regulatory changes. Ensure timely and accurate regulatory reporting to authorities. Oversee investment activities to confirm alignment with fund investment policies and rules.
Supervise accounting and reporting for securities and derivatives transactions including equities, bonds (including Eurobonds), ETFs, ADRs/GDRs, FX instruments, indices, commodities, OTC derivatives, structured products, REPO, margin and clearing operations. Monitor transaction recording accuracy, FX revaluation, interest and fee accruals. Prepare reports for CySEC and the Central Bank of Cyprus.
Oversee safekeeping and custody of all AIF assets in accordance with legal and regulatory frameworks. Verify ownership of AIF assets and ensure proper record keeping. Monitor third-party custodians to ensure safekeeping obligations are fulfilled. Perform reconciliations and escalate any discrepancies identified.
Monitor cash flows and ensure accurate processing of payments, receipts, and disbursements. Validate investor subscriptions, redemptions, and other cash movements according to AIF policies and regulations. Verify Net Asset Value (NAV) calculations for AIFs.
Ensure compliance with AIF Law, AIFM Law, and other relevant regulations. Monitor regulatory developments and ensure policies and procedures remain aligned with regulatory changes. Ensure timely and accurate regulatory reporting to authorities. Oversee investment activities to confirm alignment with fund investment policies and rules.
Supervise accounting and reporting for securities and derivatives transactions including equities, bonds (including Eurobonds), ETFs, ADRs/GDRs, FX instruments, indices, commodities, OTC derivatives, structured products, REPO, margin and clearing operations. Monitor transaction recording accuracy, FX revaluation, interest and fee accruals. Prepare reports for CySEC and the Central Bank of Cyprus.
Advantages
Requirements
Strong regulatory knowledge of AIFMD, UCITS, and depositary regulatory frameworks.
CySEC Advanced Certificate and AML Registry membership.
Proven experience in depositary, custody, or fund oversight roles, preferably in a senior or leadership position.
Deep understanding of fund operations including asset safekeeping, cash monitoring, NAV calculation, and compliance controls.
Strong risk management and analytical skills with the ability to identify and mitigate risks.
Leadership experience with the ability to manage teams and foster a culture of compliance.
Excellent communication and stakeholder management skills. High level of integrity, independence, and professional judgment.
English — fluent, Russian — fluent, Greek is a plus.
CySEC Advanced Certificate and AML Registry membership.
Proven experience in depositary, custody, or fund oversight roles, preferably in a senior or leadership position.
Deep understanding of fund operations including asset safekeeping, cash monitoring, NAV calculation, and compliance controls.
Strong risk management and analytical skills with the ability to identify and mitigate risks.
Leadership experience with the ability to manage teams and foster a culture of compliance.
Excellent communication and stakeholder management skills. High level of integrity, independence, and professional judgment.
English — fluent, Russian — fluent, Greek is a plus.
Competitive remuneration package based on experience and expertise.
Annual salary indexation (inflation-linked).
21 days of annual leave.
Private medical insurance for all family members.
Support for employee training and professional development.
Free parking.
Corporate events and team outings.
Free drinks, fruits, and vegetables in the office.
Relocation package for family and visa support (if applicable).
Annual salary indexation (inflation-linked).
21 days of annual leave.
Private medical insurance for all family members.
Support for employee training and professional development.
Free parking.
Corporate events and team outings.
Free drinks, fruits, and vegetables in the office.
Relocation package for family and visa support (if applicable).
Please get in touch
with our recruiters via
Telegram: @hr_createit
Submit an Application
