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. Senior Vice President – Depositary Funds and Custody Oversight Location: Luxembourg Corporate Title: Senior Vice President Overview BNY is seeking a Senior Vice President to join its Depositary Funds and Custody Oversight team in Luxembourg. This role is responsible for overseeing key depositary control activities across funds structures, with a focus on risk-based oversight, control execution, stakeholder management, escalation handling, and reporting. The successful candidate will bring strong technical knowledge of fund oversight activities and the leadership capability to operate effectively across a complex governance and operating environment. Key responsibilities
• Lead and oversee depositary control activities relating to: • subscriptions and redemptions • valuations of shares / unit pricing • timely settlement of transactions • Distribution of income • duties relating to the execution of ManCo / AIFM instructions
• Define, maintain, and monitor the Oversight Risk Based Approach (RBA) • Review and maintain relevant oversight templates and documentation, including SLD template review and related control materials • Oversee sub-custodian monitoring • Contribute to governance and control forums • Support and oversee risk restitution, issue remediation, and follow-up actions • Produce and review monthly reporting • Manage and coordinate depositary escalations, ensuring timely communication, investigation, and resolution • Partner with internal stakeholders across operations, custody, risk, oversight, and governance functions to support a strong control environment Required qualifications
• Significant experience in depositary oversight, custody oversight, fund administration, asset servicing, or related funds control environment • Strong understanding of fund lifecycle oversight activities including NAV, pricing, subscriptions/redemptions, settlements, and income distribution • Experience with risk and control frameworks and applying a risk-based oversight approach • Strong Knowledge of Luxembourg funds environment and relevant operational oversight practices • Demonstrated ability to manage escalations, reporting, and cross-functional stakeholder engagement • Strong analytical, organizational, and communication skills Preferred qualifications
• Strong Experience with UCITS, AIF, and/or PERE fund structures • Experience in sub-custodian oversight and third-party monitoring • Exposure to governance forums, control reviews, and remediation management • Experience in a senior oversight role within a regulated financial services environment What will help you succeed
• Strong risk and control mindset • Ability to exercise sound judgment and provide constructive challenge • Effective communication and stakeholder management • High attention to detail and ability to manage multiple priorities • Leadership presence, accountability, and collaborative working style