Vice President, Trustee & Depositary I - Investment Restrictions

at  BNY Mellon

Overview
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective 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 future team member for the role of Manager to join our Financial Reporting Oversight team. This role is located in Luxembourg - hybrid.
The Financial Reporting Oversight team within BNY Mellon S.A./N./V. (Luxembourg Branch) is responsible for the oversight of annual, quarterly, and semi-annual financial statements for our clients.

EMPLOYER DESCRIPTION:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world’s financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It’s the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers

IN THIS ROLE, YOU’LL MAKE AN IMPACT IN THE FOLLOWING WAYS:

You will be an integral part of a dedicated team, which monitors investment restrictions for UCITS and AIFs to ensure a full compliance of the funds’ portfolios with the applicable product laws, prospectus/PPM restrictions, and articles of incorporations.
You will also follow-up on active and passive breaches to ensure that impact calculations are calculated accurately and relevant information is provided to the regulator.
You will provide guidance and training to your team and act as a reliable SME.
You will work independently on projects in relation to investment restrictions which might include coordination with clients and internal counterparties.
In this role, you will also 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 superior quality of service, and positioning BNY 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
Minimum 5 years of work experience in a Depositary, Fund Administrator, Management Company/AIFM or an Audit Firm is required
Experience in performing investment restrictions monitoring for UCITS is necessary.
Knowledge of investment restrictions monitoring systems (e.g., CRD)
Strong analytical skills with meticulous attention to detail and ability to work independently with limited supervision
Excellent knowledge of product laws (e.g., UCITS, SIF, RAIF, ELTIF, etc.) in terms of investment restrictions
Excellent knowledge of the following CSSF Circulars: 2002/77, 16/644, 18/697, ESMA Guidelines 10/788)
Good knowledge of derivative instruments (definition, application, and exposure calculation)
Good knowledge of regulatory requirements and industry best practices; in particular for investment restrictions (e.g., AIFMD and UCITS V Regulations)
Good knowledge of the ManCo/AIFM and its delegates’ roles
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, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023