Senior Associate – Depositary Funds Oversight
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We are seeking a future team member for the role of Senior Associate to join our Depositary Funds Oversight team. This role is located in Luxembourg.
In this role, you’ll make an impact in the following ways:
- You will conduct thorough and comprehensive assessments across oversight duties of the depositary, encompassing both traditional and alternative funds.
- You will play a crucial role in identifying exceptions during these assessments, documenting findings, and ensuring that each exception is diligently followed up and closed.
- Your responsibilities will also include maintaining strong client relationships, ensuring superior quality of service, and positioning BNY Depositary as a value-added service.
- You will provide guidance to less senior colleagues and act as a reliable backup to assist the manager when needed.
- You will also actively contribute to enhancing assessment methodologies and technological solutions.
To be successful in this role, we’re seeking the following:
- Bachelor's degree or the equivalent combination of education and experience is required
- 4-5 years of work experience Depositary, Fund Administrator or an Audit Firm is required
- Good knowledge of regulatory requirements and industry best practices (e.g., AIFMD and UCITS V Regulations)
- Good knowledge of the ManCo/AIFM and its delegates' roles
- Experience of UCITS and Alternative Funds would be an asset
- Fluent English skills (verbally and written)
- Strong analytical skills with meticulous attention to detail
- Ability to plan effectively, with strong deadline orientation
- Effective communication and interpersonal abilities
- Excellent knowledge of MS Office, especially Excel. Knowledge of MS Office VBA would be an asset
- Process Improvement experiences/ LEAN skills e.g. to design/establish new detailed processes, documentation skills, e.g. procedures/manual
- Ability to identify logical and innovative solutions to complex problems;
- Self-motivated, innovative and analytical;
- Possess good understanding of data migration, testing and reconciliations.
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.