Job Description
We’re seeking a future team member for the role of Vice President, Regulatory & Technical Support to join our UK Trustee & Depositary Services team. This role is located in Edinburgh
In this role, you’ll make an impact in the following ways:
- Review of, and provision of guidance on, all applicable scheme documentation (including prospectuses; instruments of incorporation; trust deeds; FCA applications; schemes of arrangement; investor circulars; and risk management policies), in each case from a depositary and fiduciary perspective, with a view to ensuring compliance with all applicable regulations; protection of investor interests; and adherence to evolving regulator expectations;
- Providing high quality interpretation to fund manager clients, the depositary business, and the wider organisation in respect of regulatory and compliance matters relating to the interpretation of relevant regulations; and their application to technical aspects of collective investment fund operations
- Collation and submission of regular regulatory reporting
- Lead the analysis of regulatory change and support operational implementation / client conversations as necessary
- Lead on, or support, client and stakeholder regulatory update sessions, including delivery of regulatory updates as part of client service review meetings, board presentations, sales pitches, client due diligence reviews
- Support Client Management Team in the management of day-to-day client interactions – attending service review and other operational meetings as necessary, providing input into reporting as required
- Represent the regulatory team in governance forums, and BNY in industry forums
- Perform Issues/Embeddedness Testing reviews; assess remediation control design and operating effectiveness, document results, and drive follow‑up actions to closure.
- Lead the review of trend analysis on issues, developing additional action plans as necessary
To be successful in this role, we’re seeking the following:
- In-depth knowledge of the collective investment funds industry and the rules and regulations pertaining thereto (particularly as they relate to open-ended investment companies (OEICs); authorised unit trusts (AUTs); and authorised contractual schemes (ACS), in each case structured as UCITS; non-UCITS retail schemes (NURS); qualified investor schemes (QIS) and Long-Term Asset Funds (LTAF)
- In-depth familiarity with authorised fund scheme documentation and the FCA authorisations process;
- Strong risk awareness with a deep understanding of control frameworks, testing methodologies, and remediation life cycles
- Strong communication and collaboration skills, with the ability to work effectively with stakeholders at all levels of the organization.
- Analytical skills and high attention to detail.
- Strong sense of ownership, accountability, and risk awareness.
- Ability to prioritize across multiple deadlines and manage a varied workload.
