Lead Analyst, Trustee & Depositary

Job Description

OverviewWhat we do:The BNY Mellon Trust & Depositary UK, Business & Regulatory Affairs Team, is responsible for providing high quality judgmental interpretation, both internally and externally, in respect of technically complex regulatory matters relating to the FCAs Handbookof Rules and Guidance, as well as other applicable regulations; and actively participates in the implementation of programmes of regulatory change as depositary subject-matter experts. Reporting to the Head of Business & Regulatory Affairs, the Regulatory & Technical Support Team is a focused, specialist team of subject-matter experts whose role is to support the UK Trust & Depositary business, its fund manager clients, and the wider legalentity in matters relating to the interpretation and application of the rules that apply to collective investment funds. The successful candidate will be responsible for:

• 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 technicalaspects of collective investment fund operations
• the 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 casefrom 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
• regular regulatory reporting
• review of transactional documentation relating to the acquisition, holding and disposal of immovable property by authorised property funds
• providing a secretariat function for certain internal governance councils; maintenance of procedures; maintenance of powers of attorney (related to property funds)
• at all times keeping abreast of relevant regulatory developments

*relevant regulations include: the Financial Conduct Authoritys (FCA) Handbook of Rules and Guidance (FCA Rules) and, in particular, the COLL Sourcebook; FUND Sourcebook; the Client Asset Rules (CASS); the Financial Services and Markets Act 2000 (FSMA) andthe OEIC Regulations 2001 (OEIC Regulations); as well as relevant onshored European regulations, in particular, the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities Directive(UCITS). Experience & Qualifications: Essential Skills/Experience:

• 3-5 years of experience in the securities or financial services industry
• 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); or qualified investor schemes (QIS))
• in-depth familiarity with authorised fund scheme documentation and the FCA authorisations process
• strong organisational skills; ability to prioritise effectively and to meet deadlines;
• strong communication skills; critical thinking and high attention to detail.

Preferred Skills/Experience:

• similar role experience
• familiarity and knowledge of private equity and investment trusts; unauthorised unit trusts; common investment funds; depo-lite arrangements
• prior experience of collective investment fund operations
• operational and execution-based knowledge of authorised property funds

Qualifications

• Bachelors degree or the equivalent combination of education and experience is required;
• Chartered Institute for Securities & Investments (CISI) Investment Operations Certificate (IOC) (or previous Investment Administration Qualification (IAQ)) is preferred.

Employer Description: For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create,trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the worlds financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helpingclients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and morethan 100 markets. Its the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: careers.