Vice President, Trustee & Depositary Manager I

at  BNY Mellon

Overview
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 240 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’re seeking a future team member for the role of Vice President - Manager to join our investment restrictions team within our Depositary Funds Oversight function. This role is located in Luxembourg - HYBRID.

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 manage a 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 be accountable for ensuring that your team delivers the reviews timely and accurately.
You will provide guidance and training to your team and act as a reliable manager.
You will also ensure that your team follows-up on active and passive breaches to ensure that impact calculations are calculated accurately and relevant information is provided to the regulator.
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 BNYM Depositary as a value-added service.

TO BE SUCCESSFUL IN THIS ROLE, WE’RE SEEKING THE FOLLOWING:

Bachelor’s degree or the equivalent combination of education and experience is required
5+ years of work experience in a Depositary, Fund Administrator, Management Company/AIFM or an Audit Firm is required
People management experience is required.
Strong analytical skills with meticulous attention to detail
Ability to plan effectively, with strong deadline orientation
Effective communication and interpersonal abilities
Experience in investment restrictions monitoring for traditional funds is a strong plus.
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)
Excellent knowledge of MS Office, especially Excel. Knowledge of MS Office VBA would be an asset
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) · Best Places to Work for Disability Inclusion, 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’