BNY Mellon
Vice President, Trustee & Depositary Manager
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At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the Centre of the world’s financial system, we reach nearly 20% of the world’s investible assets. Every day, our 50,000+ employees around the globe bring the power of their perspectives 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’re seeking a Custody Oversight Specialist to join our Trustee and Depositary team. This role is based in London and offers hybrid working (4 days in the office).
In this role, you will contribute in the following ways:
- Reporting directly to the Head of Custody Oversight, the successful candidate will support management with day-to-day custody oversight activities in line with applicable laws, rules, regulations, procedures, and policies.
- The candidate will operate within the Trustee and Depositary Custody Oversight framework, providing management with key information on the oversight lifecycle for in-scope custody delegation and inter-affiliate outsourcing arrangements, including initial appointment, ongoing monitoring, annual review, and termination.
- The candidate will evaluate the performance of in-scope custody delegation and inter-affiliate outsourcing arrangements.
- Prepare and maintain review schedules under the direction of the Head of Custody Oversight.
- Complete scheduled reviews in line with the planned schedule and current procedures and policies.
- Prepare and provide regular key risk indicators, performance indicators, and other relevant management information for in-scope arrangements.
- Escalate any urgent matters to the attention of management.
- Maintain an efficient and robust process for managing ongoing market incidents, issues, and concerns, including monitoring developments proactively and providing support, expertise and guidance on asset safety matters.
- Assist in analyzing regulatory and market trends to identify potential risks to asset safekeeping and present proposals to mitigate those risks across businesses.
- Operate with a high degree of independence, conduct analysis and lead program activity to align regulatory requirements and internal control standards.
- Assist in the development and maintenance of meaningful tracking metrics for management reporting and escalation.
- Participate in regular service review meetings.
- Strengthening and enhancing the control environment by challenging current processes and recommending control improvements where appropriate.
- Provide cross-training to colleagues and participate in cross-training where necessary.
- Represent the custody oversight team at internal governance forums and councils when required.
- Assist with any ad hoc tasks as requested.
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To be successful in this role, we’re seeking the following:
- Experience in global custody and depositary is preferred.
- In-depth knowledge of FCA, CASS, UCITS and AIFMD regulatory requirements.
- Ability to identify key operational risk issues, to summarize them efficiently, and to escalate them in an appropriate and timely manner.
- Ability to establish strong interpersonal relationships and communicate confidently at all levels with key decision-makers across departments and locations.
- Ability to exercise independent judgement and autonomy.
- Ability to prioritize, multi-task and work effectively under pressure.
- Ability to work independently and collaborate effectively with reporting lines and team colleagues based in Dublin.
- Degree-level qualification, preferably in a business, legal, accounting or finance discipline.
At BNY Mellon, our inclusive culture speaks for itself. Here are a few of our awards:
- Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg’s Gender Equality Index (GEI)
- Best Places to Work for Disability Inclusion [https://www.bnymellon.com/us/en/about-us/newsroom/company-news/bny-mellon-named-to-2021-disability-equality-index.html], Disability: IN – 100% score.
- 100 Best Workplaces for Innovators, Fast Company
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- CDP’s Climate Change ‘A List’
Our benefits:
BNY Mellon offers highly competitive compensation, benefits and wellbeing programmes rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools to support your life’s journey. As a valued member of our team, you can focus on your health, build personal resilience and work towards your financial goals, supported by generous paid leave for moments that matter to you and your family.
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BNY Mellon is an equal opportunities employer. We are committed to fostering an inclusive workplace and welcome applications from all suitably qualified candidates.
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.
At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom [https://www.bny.com/corporate/global/en/about-us/newsroom.html] & BNY LinkedIn [https://www.linkedin.com/company/bnyglobal/posts/?feedView=all]
Here’s a few of our recent awards:
- America’s Most Innovative Companies, Fortune, 2025
- World’s Most Admired Companies, Fortune 2025
- “Most Just Companies”, Just Capital and CNBC, 2025
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.
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