We’re seeking a future team member for the role of Specialist, Trustee & Depositary to join our Trustee & Depositary team. This role is located in Frankfurt.
In this role, you’ll make an impact in the following ways:
- Under the direction of the Team Manager, acting as daily contact person for designated clients / KVGs.
- The role is responsible for processing, T&D services to clients / KVGs to ensure delivery of correct regulation controls to clients / KVGs.
- Supports the Team Manager and other team members in ensuring that all controls and procedures being performed as well as helping to ensure that service levels meet and exceed client / KVG regulatory and legal requirements.
- The position requires knowledge of T&D (Depotbank) convention and techniques, understanding of Investment Compliance, workflows, procedures and controls and quality standards
- Process the following tasks within the Depotbank department.
- They shall be executed within the guidelines and procedures provided by BNY and under the supervision and guidance of a Supervisor and Team Manager
- Under the guidance of experienced team members, the analysts performs controls, reviews fund prospectuses for UCITS and AIFs, assist with static data maintenance, and prepare.
- Goal is to deliver error-free and on-time processing aligned to regulatory requirements and internal quality standards
- Develop and maintain an understanding of the client / KVG business and market requirements
- Respond to all client / KVG and BNY in-house requests in a timely manner
- Preparation of the relevant documentation for external and internal audit in close cooperation with senior team members and / or Management
- Perform and reviews daily / periodic controls as required or assigned
- Ensuring that daily work flows, procedures and controls are effectively executed in a timely manner
- Support Team in improving work flows in accordance with BNY procedures and controls, legal requirements and client requirements.
- Monitor areas for risk and minimizes potential loss and exposure
- Participate in special projects as required.
- Keep up to date of internal and external developments (e.g. regulations) which could affect client services operations
- Support in coordination of activities over Depotbank teams and other BNY departments
To be successful in this role, we’re seeking the following:
- Education: Banking/business education or comparable qualification; early experience in investment Compliance or depotbank/compliance is a plus.
- Experience: 1–4 years relevant experience.
- Proficiency with MS Office (Excel, Word).
- Familiarity with relevant systems (e.g., Xentis) is a plus, with onboarding provided.
- Knowledge: Basic understanding of financial instruments (securities, FX, simple derivatives); willingness to develop knowledge of regulatory requirements
- Accuracy, reliability, and accountability; structured and documentation-secure approach.
- Good written and verbal German and English; collaborative, client service mindset.
- Good communicator and Team playing spirit is a must.
- Frame of mind focused on productivity; willingness to take more duties, expand team.
- Preferred to have Process Improvement experiences / skills, e.g. to design / establish new detailed processes to run the company better, Documentation skills, e.g. procedures / manual
- Strong Risk Control: monitoring and adhering legal and compliance responsibilities
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
- Bank or business education with specialization in Fund Business in Germany
- Proven experience with standard Microsoft Office applications
- Fluency in German and English
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.
