At a Glance
- Tasks: Oversee cash movements, investigate anomalies, and ensure compliance with regulations.
- Company: Join BNY, a leader in financial services with a commitment to excellence.
- Benefits: Competitive pay, flexible resources, generous leave, and wellbeing programs.
- Other info: Great opportunities for growth and collaboration across diverse teams.
- Why this job: Make an impact in finance while developing your skills in a dynamic environment.
- Qualifications: Experience in finance, strong communication skills, and risk awareness required.
The predicted salary is between 50000 - 70000 € per year.
Responsibilities
- Perform daily oversight of cash movements and balances across fund accounts, investigating exceptions and unusual activity.
- Oversee cash reconciliation processes across multiple accounts and fund structures, maintaining control over outstanding breaks, aged items, and overdrafts and supporting root-cause analysis.
- Review NAV production outputs to ensure accuracy, completeness, and timeliness; challenge pricing issues, unusual movements, and material valuation variances.
- Investigate NAV breaks and coordinate with operational teams to ensure timely resolution and appropriate documentation.
- Monitor investment and borrowing restrictions in line with regulatory requirements, prospectus limits, and internal procedures; review and classify breaches and ensure timely escalation.
- Partner with other BNY teams to deliver daily, weekly, and monthly oversight activities and consistent service delivery.
- Identify and implement process improvements to strengthen controls, improve efficiency, and reduce risk.
- Escalate material issues, control breaches, and potential suspicious activity promptly and in line with governance and reporting requirements.
- Build effective relationships with stakeholders across locations and functions to support issue resolution, knowledge sharing, and continuous improvement.
- Support the oversight and execution of payment processes in line with regulatory requirements.
- Support change initiatives, including regulatory changes, new fund launches, onboardings and other fund changes.
- Deliver strong oversight of record keeping and ownership verification controls, ensuring accuracy and regulatory compliance.
Qualifications
- Experience in financial services industry.
- Knowledge of UCITS, AIFMD, or similar regulatory frameworks.
- The ability to apply backlog prioritization to ensure KRI deliveries are achieved.
- Strong communication and collaboration skills, with the ability to work effectively with stakeholders at all levels of the organization.
- Strong sense of ownership, accountability, and risk awareness.
- Ability to prioritize across multiple deadlines and manage a varied workload.
Benefits
- 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, which can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity / Affirmative Action Employer – Under represented racial and ethnic groups / Females / Individuals with Disabilities / Protected Veterans.
Fund Oversight Specialist employer: hackajob
At BNY, we pride ourselves on being an exceptional employer, offering a dynamic work culture that prioritises excellence and employee wellbeing. As a Fund Oversight Specialist, you will benefit from competitive compensation, generous paid leave, and opportunities for personal and professional growth, all while working in a collaborative environment that values diversity and inclusion. Our commitment to your health and financial goals, alongside our focus on continuous improvement and process innovation, makes BNY a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Fund Oversight Specialist
✨Tip Number 1
Network like a pro! Reach out to folks in the financial services industry, especially those who know about fund oversight. A casual chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UCITS and AIFMD regulations. We want you to be able to discuss how these frameworks impact cash movements and fund structures confidently.
✨Tip Number 3
Show off your problem-solving skills! Be ready to share examples of how you've tackled unusual activity or NAV breaks in the past. We love hearing about your thought process and how you resolved issues.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who are eager to contribute to our team.
We think you need these skills to ace Fund Oversight Specialist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Fund Oversight Specialist role. Highlight your experience in financial services and any knowledge of regulatory frameworks like UCITS or AIFMD. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don’t forget to mention your strong communication skills and ability to work with stakeholders.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled challenges in previous roles. We love candidates who can identify issues and implement process improvements, so share those experiences with us!
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. Plus, it shows us that you’re genuinely interested in joining our team!
How to prepare for a job interview at hackajob
✨Know Your Numbers
As a Fund Oversight Specialist, you'll be dealing with cash movements and NAV production. Brush up on your financial metrics and be ready to discuss how you’ve handled similar responsibilities in the past. This shows you’re not just familiar with the concepts but can apply them practically.
✨Master the Regulations
Familiarise yourself with UCITS, AIFMD, and other relevant regulatory frameworks. Be prepared to discuss how these regulations impact fund oversight and share examples of how you've navigated compliance challenges in previous roles.
✨Showcase Your Problem-Solving Skills
Expect questions about how you handle exceptions and unusual activities. Prepare specific examples where you identified issues, conducted root-cause analysis, and implemented process improvements. This will demonstrate your proactive approach and ability to strengthen controls.
✨Build Relationships
Collaboration is key in this role. Think of examples where you’ve successfully partnered with teams or stakeholders to resolve issues or improve processes. Highlight your communication skills and how they’ve helped you build effective working relationships.
