About this role
At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
We’re seeking a future team member for the role of Specialist, Trustee & Depositary II (38ITTDP) to join our team. This role is located in Luxembourg.
In this role, you’ll make an impact in the following ways:
- Perform and oversee safekeeping and cash monitoring controls.
- Review asset inventories, reconciliations and related exceptions.
- Support ownership verification and oversight of financial instruments and other assets.
- Investigate exceptions and ensure appropriate follow-up and timely resolution.
- Contribute to the oversight of UCITS and other regulated fund structures.
- Support audit, client and internal governance requirements.
- Work closely with internal and offshore teams to ensure controls are completed accurately and within agreed deadlines.
- Contribute to continuous improvement of controls, procedures and operating processes
To be successful in this role, we’re seeking the following:
- Minimum 5 years’ experience in the funds industry, preferably within Depositary, Custody or Fund Administration.
- Strong knowledge of UCITS/liquid funds, the Luxembourg fund environment and applicable UCITS/AIFMD requirements.
- Strong knowledge of financial instruments, including equities, fixed income, investment funds, derivatives and cash/money-market instruments.
- Strong understanding of Depositary safekeeping and cash monitoring, including asset inventory, reconciliations and ownership verification.
- Experience managing complex fund structures, multiple sub-funds and high volumes of positions.
- Strong analytical and problem-solving skills, with the ability to investigate breaks, identify root causes and drive resolution.
- Ability to manage a portfolio of clients autonomously, prioritise activities and meet deadlines.
- Strong communication and stakeholder-management skills, including interaction with clients, auditors and internal teams.
- Strong attention to detail and control mindset, combined with a collaborative approach.
- Fluent English; additional languages are an advantage.
- Strong Microsoft Excel and Office skills.
- Proactive mindset with an interest in process improvement, automation, digitalisation and AI.