Technical Manager T&D Job
Technical Manager TD (Job Number: 1311344)
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.
BNY Mellon Asset Servicing assists clients worldwide to enhance the management, administration and oversight of their entire investment process by giving them the tools and information they need to make better decisions.
Description
Job Purpose:
Responsible for guidance and advice to clients in all aspects of compliance as governed by the Financial Services Authority Handbook (COLL/FUNDs) of rules and guidance, the Financial Services and Market Act 2000 and the OEIC Regulations 2001, and scheme documentation for open-ended and closed-ended structures. In addition, giving guidance and advice on unauthorised funds (including Charity Investment Funds) as governed by the appropriate scheme documentation (trust deed, memorandum and articles of association or operating memorandum). As part of a team ensuring that the AFM receives a high quality regulatory advice and a service commensurate with any agreed service level.
The jobholder has discretion in terms of decision making with regard to the undernoted list of principal responsibilities. It is the jobholder's responsibility to escalate to the Head of Regulatory Technical.
Responsibilities:
- Ensure sufficient priority and focus is maintained on investor protection issues in all regulatory decisions taken, changes to processes and remedial actions
- Provide a high level of technical expertise/practical and constructive advice to the client
- Provide a high level of technical expertise/practical and constructive advice to all Trust Depositary (TD) staff
- Review and provide comments on all scheme documentation in relation to fund launches, changes, transfers, fund mergers and terminations
- Assist/complete appropriate forms for submission to the TD Deal Review Committee (DRC) as required
- Assist with the development, implementation and management of solutions, remedial processes and actions to address identified regulatory issues (real and potential)
- Review and advise on particular fund features/structures as necessary ie. performance fees, use of second Collective Investment Schemes, eligibility of structured products using embedded derivatives
- Initiate and control amendments to TD practices and procedures to reflect market/industry changes
- Identify significant issues and regulatory developments at client level and take action as appropriate including advice on new market initiatives
- Maintain a high level of regulatory and product knowledge
- Attend various industry seminars/workshops relating to regulatory developments, new trends, and products
- Prepare and deliver (or assist in the preparation and delivery of) regular Regulatory Updates to clients (either via service review meetings with the Client Management team or at client's request) or bespoke presentations to clients or TD staff as required
- Product and Marketing:
- Provide input for RFIs and RFPs as required
- Attend and participate in new client pitches as required
- Provide input for periodic Trust Depositary publications
- To have an understanding of the monthly monitoring output and other automated review processes.
Qualifications
Person specification:
- Ability to work under pressure and organisation skills
- Excellent attention to detail
- Excellent communication skills (both written and oral)
Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
- In depth knowledge and experience of CIS - essential
- Experience in a Trustee Depositary role – preferable
- Possess industry experience with a custodian or fund manager in a client-servicing/operational role
- An understanding of the investment markets and their impact on the Trust Depositary business
Academic/Professional Qualifications (or equivalent qualifiers)
- Educated to degree level or equivalent
- Relevant professional business qualification – Chartered Institute for Securities Investment preferred
Primary Location: United Kingdom-United Kingdom-Greater London-London
Internal Jobcode: 50578
Job: Asset Servicing
Organization: EMEA Asset Svcg-HR06400
Leave a Reply
You must be logged in to post a comment.