Specialist, Trustee & Depositary II

BNY; City of Edinburgh; On-site; GBP 40,000 - 60,000; Full time

Benefits offered by this job

Competitive compensation

Flexible global resources

Generous paid leaves

Job summary

BNY, a global financial services leader, is seeking a professional for oversight of cash movements and balances in Edinburgh. The role requires expertise in the financial services industry, regulatory frameworks like UCITS or AIFMD, and strong communication skills. Responsibilities include cash reconciliation, NAV review, and regulatory compliance. BNY offers competitive compensation and a supportive culture for personal and professional growth.

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.
• Strong sense of ownership, accountability, and risk awareness.

Responsibilities

• Perform daily oversight of cash movements and balances across fund accounts.
• Oversee cash reconciliation processes maintaining control over outstanding breaks.
• Review NAV production outputs to ensure accuracy and completeness.
• Investigate NAV breaks and coordinate with operational teams.
• Monitor investment and borrowing restrictions in line with regulatory requirements.

Skills

Experience in financial services industry

Strong communication and collaboration skills

Ability to prioritize across multiple deadlines

Knowledge of UCITS or AIFMD

Strong sense of ownership and accountability

Job description

Job Description

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.

In this role, you’ll make an impact in the following ways:

• 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.

To be successful in this role, we’re seeking the following:

• 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.

Our Benefits And Rewards

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 - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.