Senior Vice President – Depositary Funds and Custody Oversight
Location: Luxembourg
Corporate Title: Senior Vice President
Overview
BNY is seeking a Senior Vice President to join its Depositary Funds and Custody Oversight team in Luxembourg. This role is responsible for overseeing key depositary control activities across funds structures, with a focus on risk-based oversight, control execution, stakeholder management, escalation handling, and reporting. The successful candidate will bring strong technical knowledge of fund oversight activities and the leadership capability to operate effectively across a complex governance and operating environment.
Key responsibilities
Lead and oversee depositary control activities relating to:subscriptions and redemptions
valuations of shares / unit pricing
timely settlement of transactions
Distribution of income
duties relating to the execution of ManCo / AIFM instructions
Define, maintain, and monitor the Oversight Risk Based Approach (RBA)
Review and maintain relevant oversight templates and documentation, including SLD template review and related control materials
Oversee sub-custodian monitoring
Contribute to governance and control forums
Support and oversee risk restitution, issue remediation, and follow-up actions
Produce and review monthly reporting
Manage and coordinate depositary escalations, ensuring timely communication, investigation, and resolution
Partner with internal stakeholders across operations, custody, risk, oversight, and governance functions to support a strong control environment
Required qualifications
Significant experience in depositary oversight, custody oversight, fund administration, asset servicing, or related funds control environment
Strong understanding of fund lifecycle oversight activities including NAV, pricing, subscriptions/redemptions, settlements, and income distribution
Experience with risk and control frameworks and applying a risk-based oversight approach
Strong Knowledge of Luxembourg funds environment and relevant operational oversight practices
Demonstrated ability to manage escalations, reporting, and cross-functional stakeholder engagement
Strong analytical, organizational, and communication skills
Preferred qualifications
Strong Experience with UCITS, AIF, and/or PERE fund structures
Experience in sub-custodian oversight and third-party monitoring
Exposure to governance forums, control reviews, and remediation management
Experience in a senior oversight role within a regulated financial services environment
What will help you succeed
Strong risk and control mindset
Ability to exercise sound judgment and provide constructive challenge
Effective communication and stakeholder management
High attention to detail and ability to manage multiple priorities
Leadership presence, accountability, and collaborative working style
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.
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.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary