Job Overview
Fund Oversight Specialist – Trustee & Depositary team, Edinburgh. This role evaluates daily cash movements, NAV production, and regulatory compliance to ensure accurate fund accounting and robust control frameworks. The specialist collaborates across BNY functions to identify and resolve risks, lead process improvements, and provide guidance to junior staff.
Responsibilities
* Review daily oversight activities, including cash movements and balances across fund accounts, investigating exceptions, unusual activity, and emerging risk indicators.
* Conduct cash reconciliation across multiple accounts and fund structures, driving control of breaks, aged items, and coordinating root‑cause analysis and remediation with operations.
* Provide senior review and challenge of NAV production outputs for accuracy, completeness, and timeliness; interrogate pricing issues, unusual movements and material valuation variances, escalating where appropriate.
* Lead investigation of NAV breaks, coordinating with operational and data teams to ensure timely resolution.
* Oversee monitoring of investment and borrowing restrictions in line with regulatory requirements, prospectus limits and internal procedures.
* Review and classify breaches, ensure timely escalation, and support governance forums with clear risk‑based commentary.
* Act as a key point of contact partnering with other BNY teams to deliver daily, weekly, and monthly oversight activities, ensuring consistent service delivery and effective management of escalations.
* Identify, prioritise, and lead process and control improvements to strengthen oversight, improve efficiency, and reduce operational and reputational risk; support implementation through testing and embedding.
* Build and maintain strong working relationships with stakeholders across locations and functions, influencing priorities to support issue resolution, knowledge sharing, and continuous improvement.
* Produce and analyse management information (MI) and key risk/control metrics, highlighting trends, themes, and recurring issues, and proposing targeted actions to improve outcomes.
* Provide guidance, peer review, and on‑the‑job coaching to less experienced team members, supporting quality, consistency, and knowledge transfer across the team.
* Represent the team in stakeholder forums as required, communicating clearly on issues, risks, and remediation plans, and driving alignment on priorities and delivery timelines.
* 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
* Strong experience in fund operations, fund accounting, depositary, trustee, custody or oversight functions.
* Knowledge of UCITS, AIFMD or similar regulatory frameworks.
* Experience investigating exceptions, managing escalations, and operating within a strong control framework.
* Strong communication and collaboration skills, with the ability to work effectively with stakeholders at all levels of the organization.
* Strong analytical skills and high attention to detail.
* Strong sense of ownership, accountability, and risk awareness.
* Ability to prioritise across multiple deadlines and manage a varied workload.
Benefits
* Highly competitive compensation and pay‑for‑performance philosophy.
* Competitive benefits and well‑being programs.
* Generous paid leave, including paid volunteer time.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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