Specialist, Trustee & Depositary II

Hackajob is collaborating with BNY to connect them with exceptional professionals for 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 is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Specialist II to join our Trustee & Depositary team. This role is located in Edinburgh.

In this role, you’ll make an impact in the following ways:

• Perform daily oversight of cash movements and balances across fund accounts, investigating exceptions and unusual activity.
• Oversee cash reconciliation processes across multiple accounts and fund structures, maintaining control over outstanding breaks, aged items, and overdrafts and supporting root-cause analysis.
• Review NAV production outputs to ensure accuracy, completeness, and timeliness; challenge pricing issues, unusual movements, and material valuation variances.
• Investigate NAV breaks and coordinate with operational teams to ensure timely resolution and appropriate documentation.
• Monitor investment and borrowing restrictions in line with regulatory requirements, prospectus limits, and internal procedures; review and classify breaches and ensure timely escalation.
• Partner with other BNY teams to deliver daily, weekly, and monthly oversight activities and consistent service delivery.
• Identify and implement process improvements to strengthen controls, improve efficiency, and reduce risk.
• Escalate material issues, control breaches, and potential suspicious activity promptly and in line with governance and reporting requirements.
• Build effective relationships with stakeholders across locations and functions to support issue resolution, knowledge sharing, and continuous improvement.
• Support the oversight and execution of payment processes in line with regulatory requirements.
• Support change initiatives, including regulatory changes, new fund launches, onboardings and other fund changes.
• Deliver strong oversight of record keeping and ownership verification controls, ensuring accuracy and regulatory compliance.