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Associate, Trustee & Depositary I

Applications are closed

  • Job
    Full-time
    Entry, Junior & Mid Level
  • Business, Operations & Strategy
    Banking & Finance
  • Frankfurt

Requirements

  • Bank or business education ideally with specialization and experience in Fund Business in Germany
  • Proven experience with standard Microsoft Office applications (particularly Excel and Word, Power Point)
  • Self-Driven and responsible person to fully complete assigned tasks.
  • Eager to attain the knowledge of relevant products and business process.
  • Good communicator and Team playing spirit is a must.
  • Open minded approach to understand Fund Business related process to be able to understand how your job will impact clients and other departments of the company.
  • Frame of mind focused on productivity; willingness to take more duties, expand team.
  • German and English fluent in speaking and writing.

Responsibilities

  • Regulatory controls of payment in Mutual Funds and Special Funds
  • Regulatory controls and execution of Subscriptions and Redemption
  • Investment Compliance regulatory controls
  • Calculating and delivery of the Trustee & Depository fees.
  • Processing of fund events
  • Reconciliation tasks between Transfer Agent Luxembourg and Custodian Frankfurt
  • Client communication and transaction management
  • Interaction with other BNYM Departments (local and international)
  • Actively analyses processes, and in conjunction with the other parties involved, works to improve process, making them as efficient as possible.
  • Monitors area for risk and minimizes potential loss and exposure.
  • Participate in special projects as required.

FAQs

What is the job title for this position?

The job title is Associate, Trustee & Depositary I.

Where is this position located?

This position is located in Frankfurt (Main), Germany.

What type of employment is offered for this role?

The role is offered in a hybrid format, combining both in-office and remote work.

What are the main responsibilities of the Associate, Trustee & Depositary I?

The main responsibilities include regulatory controls of payments in mutual funds and special funds, execution of subscriptions and redemptions, investment compliance regulatory controls, calculating and delivering Trustee & Depository fees, processing fund events, reconciliation tasks, client communication, process analysis, and participation in special projects.

What educational background is preferred for this position?

A bank or business education, ideally with specialization and experience in Fund Business in Germany, is preferred.

Which software applications should candidates be proficient in?

Candidates should have proven experience with standard Microsoft Office applications, particularly Excel, Word, and PowerPoint.

What qualities are important for success in this role?

Important qualities include being self-driven, a good communicator, team-oriented, eager to learn about products and business processes, and having a productivity-focused mindset.

Is proficiency in languages required for this job?

Yes, fluency in German and English (both speaking and writing) is required.

What types of projects will the Associate, Trustee & Depositary I participate in?

The role involves participating in special projects as required by the team.

What benefits does BNY offer to its employees?

BNY offers competitive compensation, benefits, wellbeing programs, flexible resources, generous paid leaves, and paid volunteer time.

How does BNY demonstrate its commitment to workplace diversity?

BNY is an Equal Employment Opportunity/Affirmative Action Employer, focusing on underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.

What awards has BNY received recently?

BNY has been recognized for being one of America’s Most Innovative Companies, one of the World’s Most Admired Companies, and has received high scores for corporate equality and disability inclusion.

What is the mission of BNY Mellon?

The mission of BNY Mellon is to support investors throughout the investment lifecycle while acting as a single point of contact for various financial services, safeguarding nearly one-fifth of the world's financial assets.

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.

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