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 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 Custody Oversight Specialist to join our Trustee & Depositary team. This role is located in Dublin and is Hybrid
In this role, you’ll make an impact in the following ways:
- Reporting to directly to the Head of Custody Oversight, the successful candidate will support management in the day-to-day efforts related to custody oversight management in line with applicable laws, rules, regulations and related procedures and policies.
- The candidate will be required to operate within the Trustee & Depositary custody oversight framework, providing management with key MI with regards to the oversight lifecycle (initial appointment, ongoing monitoring, annual review and termination) of in scope custody delegation and inter affiliate outsourcing arrangements.
- The candidate will evaluate the performance in scope custody delegation and inter affiliate outsourcing arrangements.
- Prepare and maintain review schedules under the direction of the Head of Custody Oversight.
- Complete the scheduled reviews according to the planned schedule and aligned to the current procedures and policies.
- Prepare and provide regular key risk / performance indicators and other relevant management information in relation to in scope arrangements.
- Escalate any urgent matters to the attention of management.
- Maintain an efficient and robust process around managing ongoing market incidents / issues/ concerns and overseeing / monitor the situation proactively. Provide support, expertise and guidance on matters arising on asset safety.
- Assist in analysing regulatory and market trends / changes to determine potential risks to the safekeeping of assets and presenting proposals on how to mitigate risks across businesses.
- Operate with a high degree of independence, conduct analyses and lead the programme to align with both regulatory 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.
- Strengthen and enhance the control environment by challenging current processes and recommending control enhancements as needed.
- Provide and participate in cross training with colleagues where necessary.
- Represent custody oversight team at internal governance forums/councils when required.
- Assist in any ad hoc tasks as requested.
To be successful in this role, we’re seeking the following:
- Extensive work experience is preferred.
- Third level qualification preferably in business/legal related / accounting / finance discipline.
- Global Custody and Outsourcing oversight experience is preferred.
- Detailed knowledge of UCITS/AIFMD fund structures and associated regulatory obligations.
- Knowledge of prime brokers and sub-custodians preferred.
- Ability to identify key operational risk issues, to summarise them efficiently, and to escalate them in an appropriate and timely manner.
- Ability to establish strong interpersonal relationships, confident communicating at all levels with key decision makers in the departments across locations.
- Can exercise independence of judgement and autonomy
- Ability to prioritise, multi-task and work under time pressure
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’
Our Benefits:
BNY Mellon 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 that can support you and your family through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
