At a Glance
- Tasks: Lead the Cash & Payments Team, ensuring smooth payment processes and high service standards.
- Company: Join BNY, a global leader in financial services with a culture of growth and innovation.
- Benefits: Enjoy competitive pay, flexible resources, wellness programs, and generous paid leave.
- Why this job: Make a real impact in finance while developing your leadership skills in a dynamic environment.
- Qualifications: Experience in Trustee and Depositary roles with strong people management skills required.
- Other info: Be part of a team that values diversity and offers excellent career advancement opportunities.
The predicted salary is between 48000 - 72000 £ per year.
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.
We’re seeking a future team member for the role of Manager, Cash & Payments Team to join our UK Trustee & Depositary team. This role is located in Edinburgh.
Responsibilities- Oversee the end‑to‑end payment process across onshore and offshore locations, ensuring consistency of controls and standards.
- Conduct regular service reviews, quality assurance assessments of offshore team to ensure service delivery meets agreed SLAs and KPIs.
- Maintain up‑to‑date procedures and documentation in line with regulatory expectations.
- Identify, manage and escape payment related risks, incidents and breaches, ensuring incidents, errors and near misses are logged, investigated and resolved with root cause analysis.
- Contribute at Operational Risk and Governance Forums.
- Act as a key contact for internal stakeholders, including Compliance, Internal Audit, Risk and Client Management.
- Escalation contact for client and internal stakeholder queries and escalations from the offshore team.
- Support change initiatives, including regulatory change, new fund launches, onboardings and other fund changes.
- Manage, develop and mentor the staff within the UK Cash and Payments Team, ensuring high standards of performance and technical knowledge.
- Allocate workloads, set objectives, and conduct performance reviews.
- Promote a strong risk‑aware and control‑focused culture within the team.
- Provide support to the other Fund Oversight Teams and the wider UK Trustee & Depositary teams.
- Strong experience within Trustee and Depositary, Fund Administration or Asset Servicing.
- In‑depth knowledge of FCA, CASS UCITS and AIFMD regulatory requirements.
- Proven people management experience within an operational or oversight environment.
- Strong risk awareness and understanding of control frameworks.
- Excellent stakeholder management and communication skills.
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.
Manager Cash & Payments Team, UK Trustee & Depositary employer: BNY
Contact Detail:
BNY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager Cash & Payments Team, UK Trustee & Depositary
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at BNY. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by researching BNY’s culture and values. Show us how your experience aligns with their mission and how you can contribute to their innovative approach in the Cash & Payments Team.
✨Tip Number 3
Practice common interview questions, but also be ready for situational ones. Think about how you’ve handled challenges in the past, especially around risk management and team leadership.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can keep you on their radar and show your enthusiasm for the role. Plus, it’s a great way to reiterate your fit for the position.
We think you need these skills to ace Manager Cash & Payments Team, UK Trustee & Depositary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the job description. Highlight your experience in Trustee and Depositary, Fund Administration, or Asset Servicing to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Manager, Cash & Payments Team role. Share specific examples of your achievements and how they relate to the responsibilities listed.
Showcase Your People Management Skills: Since this role involves managing and mentoring staff, be sure to highlight your people management experience. Talk about how you've developed teams and maintained high performance standards in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at BNY
✨Know Your Regulations
Make sure you brush up on FCA, CASS, UCITS, and AIFMD regulations. Being able to discuss these in detail will show that you understand the compliance landscape and can navigate it effectively.
✨Showcase Your People Skills
Since this role involves managing a team, be prepared to share examples of how you've successfully led and developed staff in the past. Highlight your approach to mentoring and performance reviews to demonstrate your people management experience.
✨Prepare for Stakeholder Scenarios
Think about potential scenarios involving internal stakeholders and client queries. Be ready to discuss how you would handle escalations and ensure effective communication, as this is crucial for the role.
✨Emphasise Risk Awareness
Discuss your understanding of risk management and control frameworks. Prepare to give examples of how you've identified and managed risks in previous roles, as this will resonate well with the expectations of the position.