The financial world thrives on a foundation of trust and efficiency. Behind the scenes, depositories act as the guardians of this ecosystem, safeguarding assets and ensuring seamless movement of capital. If you're drawn to a career that merges meticulous detail with cutting-edge technology, the depository world might be your ideal fit.
Depositories function as custodians, meticulously securing financial instruments like stocks, bonds, and cash on behalf of investment firms, corporations, and individuals. They ensure the safekeeping, accurate record-keeping, and timely settlement of these assets. This intricate world demands a skilled workforce to navigate the ever-evolving financial landscape and maintain smooth operations.
Recent regulatory updates, namely enhanced reporting requirements around non-financial disclosure, have irrevocably changed the nature of the depository analyst job. These regulations require depositories to collect and report a broader range of data on environmental, social, and governance (ESG) factors associated with the assets they hold.
Decoding the Impact:
This shift in regulations significantly impacts the role of the depository analyst. Here are some key ways:
Evolving Skillset: Depository analysts now need to expand their skillset beyond traditional financial analysis. Familiarity with ESG metrics and the ability to interpret sustainability data become increasingly important.
Data Delving: The focus on NFD necessitates deeper data analysis. Depository analysts will be responsible for gathering and analyzing ESG data alongside traditional financial information. This requires proficiency in data mining tools and the ability to identify potential inconsistencies or areas requiring further investigation.
Enhanced Reporting: Depository analysts will play a crucial role in generating reports that comply with the new NFD regulations. This involves translating complex data sets into clear and concise reports that are relevant to stakeholders and regulatory bodies.
Collaboration is Key: Effective communication and collaboration with other departments within the depository, such as investment research and client relationship management, become even more crucial. Depository analysts may need to work closely with these teams to gather ESG data and ensure accurate reporting.
If you’re interested in moving into an impactful, rewarding career with a clear progression path this could be the best way to go. Contact the team today to find out more about our diversity-focused hiring solutions – we’ll connect you with an opportunity that suits your unique needs.
London has firmly positioned itself as the Fintech capital of the world. Not only does the city boast more fintech funding than New York (around $140 billion), but it’s home to the largest number of fintech companies anywhere. The 1,886 fintech businesses employ approximately 44,000 people, making it a competitive space for those wishing to thrive in one of the world’s most exciting industries. It's not just fintech that’s booming in the big smoke – countless sectors in the world of business protection and business enablement are growing substantially.
Dubbed the business capital of Europe, London has the biggest tech market (over 250,000 people work there) and one of the strongest economies globally. The city is rife with opportunity for anyone searching for jobs in finance, legal and compliance, transformation and change, accounting and audit, and risk and analytics, to name just a few. Due to the higher base-level salaries that the city commands, its popularity, investment opportunities, and many other deciding factors, the talent market can be extremely difficult to navigate.
Here at Broadgate, our specialist consultants have been delivering recruitment solutions in London since 2015, and in that time, we’ve worked with many of the world’s biggest brands. Our Broadgate London team is currently based in Farringdon, a haven for business, food, and the arts. While we wholly embrace the best of flexible working, we know that positioning our physical presence in the heart of the action is still crucial to success in today’s world.
London’s has a unique advantage in the business world due to its time zone. It overlaps with a host of other financial markets, and for a global-facing company, leveraging this advantage is a must. If you’re looking for jobs in London, or you’re hoping to source the top business protection and business enablement talent for your own business, then Broadgate are here to help.
From junior compliance roles, all the way through to executive-level finance jobs in London, we can source talent for incredibly niche positions, and we use a community-led hiring methodology to do it. Our vast talent network, combined with our people-first philosophy, enables us to access the widest possible candidate pool. In a talent-short market, turning to the services of a third-party recruitment agency can help you save a huge amount of time and money. In the realm of business protection and business enablement recruitment, getting your hiring right the first time is essential.
In London, a bad hire can end up costing your business over £50,000, but if you’re hoping to fill the top senior positions, this number can increase significantly. By outsourcing your hiring function to a dependable partner with a proven track record, you don’t have to worry about scrambling to find talent.
If you have any questions about our hiring processes, our community partners, our past projects, our impact report, or our DEIB (diversity, equity, inclusion and belonging) methodology, please get in touch with the team today, we’re here to help. We may have started our journey in London, but we’ve since expanded to open offices in Manchester, Los Angeles, Zug, Dublin and Boston, enabling us to fully extend our global reach and source the best candidates from around the world.