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
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
- 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
- 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
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.
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