At a Glance
- Tasks: Support custody oversight activities and evaluate performance of custody arrangements.
- Company: Join BNY Mellon, a leading global financial services company with an inclusive culture.
- Benefits: Competitive pay, flexible resources, generous leave, and wellbeing programmes.
- Other info: Be part of a diverse team recognised for innovation and inclusion.
- Why this job: Make a real impact in the financial world while growing your career.
- Qualifications: Experience in global custody preferred; degree in business, legal, accounting or finance.
The predicted salary is between 90000 - 110000 £ per year.
Description
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 #Life At BNY is all about.
We’re seeking a Custody Oversight Specialist to join our Trustee and Depositary team. This role is based in London.
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.
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 , 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.
BNY Mellon is an equal opportunities employer. We are committed to fostering an inclusive workplace and welcome applications from all suitably qualified candidates.
Vice President, Trustee & Depositary Manager in London employer: BNY Mellon
At BNY Mellon, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of Manchester. Our commitment to employee growth is evident through comprehensive training programs and career advancement opportunities, alongside competitive compensation and benefits that ensure our team members feel valued and supported in their professional journeys.
StudySmarter Expert Advice🤫
We think this is how you could land Vice President, Trustee & Depositary Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Don’t shy away from reaching out directly to firms like BNY Mellon. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Vice President, Trustee & Depositary Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BNY Mellon.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BNY Mellon's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BNY Mellon
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BNY Mellon.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BNY Mellon will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BNY Mellon employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
