Senior Vice President, Trustee & Depositary Group Manager

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