Vice President, Regulatory & Technical Support, Trustee & Depositary

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.