Senior Associate – Depositary Funds Oversight

Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 239 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon 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 will conduct thorough and comprehensive assessments across the five 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 high quality of service, and positioning BNYM 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 are seeking the following:

• Bachelor's degree or the equivalent combination of education and experience is required
• Proven work experience in 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 Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:

• Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg’s Gender Equality Index (GEI)
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score
• 100 Best Workplaces for Innovators, Fast Company
• CDP’s Climate Change ‘A List’
• Forbes Blockchain 50

Our Benefits:

BNY Mellon 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 that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.