We’re seeking a future team member for the role of Senior Specialist, Trustee & Depositary to join our Fund Accounting Trustee & Depository Team. This role is located in Frankfurt, Germany.
In this role, you’ll make an impact in the following ways:
Actively analyses processes, and in conjunction with the other parties involved, works to improve processes, making them as efficient as possible.
Assist the Manager in the day-to-day operations of the team and deputies in their absence
Represent the business at Client Diligence and Service Review Meetings
Self- Driven and responsible person to fully complete assigned tasks
Act as role model for other team members and execute best practice
- Ensures the funds comply with regulatory and fund-specific documentation.
- Production of Trustee reports for funds for each period and/or year-end.
- Assists the Manager in the day-to-day operations.
- Investigates pricing and other errors on the funds to satisfactory conclusion, documents errors in breach/error reports.
- Deputizes in the absence of the Manager.
- Oversight of regulatory duties of a Depotbank
- Attends Client meetings when required.
- Assists in the development of team members by training and developing in the associated tasks, using coaching skills where necessary.
- Provides feedback on performance to the Manager against objectives, PMP‘s and staff development plans.
- Reviews and completes various number of administrative duties within the team.
To be successful in this role, we’re seeking the following:
Significant work experience (> 5 years)
Open minded approach understanding Fund Accounting related processes to be able to understand how your job will impact clients and other departments of the company
Preferred to have Process Improvement experiences/ skills, e.g. to design/establish new detailed processes, Documentation skills, e.g. procedures/manual
Product knowledge, i.e. Equities, Fixed income, OTC, ETD, SWAPS (beneficial
Good written / verbal English and German skills
Xentis knowledge (Valuations/Reconciliation) as a plus
Good communicator and Team playing spirit is a must.
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. About the TeamAt BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom & BNY LinkedIn
Here’s a few of our recent awards:
- America’s Most Innovative Companies, Fortune, 2025
- World’s Most Admired Companies, Fortune 2025
- “Most Just Companies”, Just Capital and CNBC, 2025
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, 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.
Skills Required
- More than five years of relevant work experience
- Understanding of fund accounting-related processes and their impact on clients and other departments
- Strong written and verbal English skills
- Strong written and verbal German skills
- Good communication skills and a team-oriented approach
- Process improvement experience, including designing or establishing detailed processes
- Documentation skills, including writing procedures and manuals
- Knowledge of equities, fixed income, OTC, ETD, and swaps
- Xentis knowledge in valuations and reconciliation
BNY Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BNY and has not been reviewed or approved by BNY.
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Healthcare Strength — Health coverage includes comprehensive options with a $0‑premium plan for eligible lower earners, expanded mental‑health support with personalized therapy, and strong income protection through short‑ and long‑term disability. These features have been recently enhanced and are paired with dental and vision coverage.
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Parental & Family Support — Parental leave provides 16 weeks of fully paid time for all parents, with added support such as adoption assistance. This breadth offers strong coverage for major family events.
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Retirement Support — The 401(k) program includes a company match and Roth options to support long‑term savings. Additional financial programs like tuition assistance and savings vehicles complement retirement readiness.
BNY Insights
What We Do
We help make money work for the world — managing it, moving it and keeping it safe. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investable assets. Today we help over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. For 240 years we have partnered alongside our clients to create solutions that benefit businesses, communities and people everywhere.
