Mgr Trust & Depositary Job
Mgr Trust Depositary (Job Number: 1308509)
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at www.bnymellon.com .
BNY Mellon Asset Servicing is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing the management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
Description
Team Description:
Produce, complete and routinely enhance an internal (desk-based) monitoring programme to ensure the effective oversight of Investment Managers/Authorised Corporate Depositarys activity in respect of the operation of open and close-ended schemes. This includes Investment Borrowing Power reviews, with associated qualitative monitoring; production of NAV reconstructions; production of periodic certification letters; review of periodic client reporting; production of regular KPI reporting and monitoring against SLAs. A section of the department is also responsible for producing daily Charles River Investment Monitoring reports for the UK and European branches and all aspects of fund set up and maintenance on the system.
Job Purpose:
Day to day management of aspects of the Monitoring department. This area monitors activities of Fund Managers in all aspects of compliance as governed by the Financial Conduct Authority Handbook of rules and guidance, the Financial Services and Market Act 2000 and the OEIC Regulations 2001. As part of a team ensure that the Banks position as Trustee/Depositary is protected and that the client receives a service commensurate with any service level in place. The jobholder has discretion in terms of decision making with regard to undernoted list of principal responsibilities. It is their responsibility to escalate to their direct line manager.
Responsibilities:
Completion and implementation of monitoring programme for all Funds, ensuring that work is completed in accordance with the departmental procedures and to the required standards. Work covers investment limit checks, pricing checks, audit certificates, report and accounts and a variety of associated activities.
Provide technical support and advice to Investment Trust Managers and Authorised Corporate Directors.
Act as focus for all internal and external compliance/audit inspections involving issues relating to pricing, investments and audit production.
Identify and report any issues considered being or becoming significant to the Head of Monitoring CBS or other senior management.
Represent area in internal/external client meetings.
Review and authorise periodic audit letters.
Review and authorise investment reviews on Funds, determining levels of significance, suggesting remedial action to Fund Manager and monitoring through to resolution.
Conduct re-pricing exercises.
Identify and implement operational efficiencies with focus on client added value benefits, cost saving and improved control of risk.
Determine breaches; enter to register ensuring timely and appropriate resolution.
In conjunction with the Head of Monitoring, plan, manage and develop team members, by formatting training and development plans, using coaching skills where necessary. Set objectives or key Areas of Responsibility. Appraise performance against objectives and formulate staff development plans.
The jobholder is required to support the disciplines and cultures of Investors in People.
Qualifications
Person specification:
The jobholder should have proven similar experience in financial services.
Job Specific Competencies
Good communication and interpersonal skills - able to effectively interact with different levels
Decision making and accountability
Deadline driven and ability to work under pressure
Client orientated and results focused
Managing and developing staff
Ability to establish and develop effective relationships
Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
Fund valuation and dealing experience
Investment fund knowledge
In house systems/process
External proprietary systems
People management skills
Academic/Professional Qualifications (or equivalent qualifiers)
Graduate calibre
IAQ threshold competent
Accounting qualification
Role Reporting Hierarchy:
Reports to Head of Monitoring CBS
Primary Location: Edinburgh, Lothian Region, GB
Internal Jobcode: 50577
Job: Asset Servicing
Organization: EMEA Asset Svcg-HR06400
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