Full-Time
Depositary Head of Fund Oversight
Service Delivery
Posted on 11/1/2025
The Bank of New York Mellon
10,001+ employees
Global financial services with asset management
No salary listed
Dublin, Ireland
Hybrid
Hybrid work arrangement in Dublin, Ireland.
 Finance & Banking (1) |
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- Strong knowledge and understanding of the Investment Funds Industry
- Third level qualification to at least degree level preferably in business/legal related discipline
- PC Literacy & Ability to operate Depositary and Fund Administration Systems
- Self-motivation with the ability to work independently and as part of a team
- Ability to identify risk areas and design review programs accordingly
- Strong communication and client relationship management skills
- Proactive, focused attitude towards work and an ability to consistently meet deadlines
- Flexible mindset with the ability to manage multiple client relationships and the ability to provide cross cover for clients managed by other team members
- Work closely with the Head of Fund Oversight to build and Lead a dedicated Depositary oversight and control function which will have primary responsibility for the ongoing oversight of outsourced depositary administrative support tasks and activities together with progressing the onshore completion of all relevant depositary reviews
- Design and implement an agile, risk-based plan of Depositary Embedded Control / quality control reviews and activities for the Fund Oversight function, covering both off-shore and onshore processes with a view to ensuring all Depositary Controls are operating effectively and as designed and in line with regulatory requirements / CBI communications
- Ensure clear and timely out-put from embedded control reviews / quality control testing activities is provided to the Head of Depositary with recommendations for enhancements documented
- Work closely with the Head of Depositary to enhance existing controls where necessary
- Work closely with the Head of Depositary and relevant Depositary Function leads to ensure the function is well prepared for reviews undertaken by 3rd parties including regulatory inspections and the 2nd and 3rd lines of defence
- Work closely with colleagues in other EMEA T&D locations to progress on-going standardization of processes and key controls
- Oversee the implementation within Ireland T&D of all findings and recommendations from 1st, 2nd and 3rd Line of Defence reviews pertaining to the Depositary Oversight and Control team and related outsourced activities
- Manage the relationship between Ireland T&D and inter-affiliate utilities performing administrative support activities for Ireland T&D. Ensure the quality of service provided by the utility is at a high standard through ongoing embedded control testing / reviews and ensure all aspects of the service fully adhere to regulatory requirements / permissions
- Provide updates / reporting on Depositary Oversight Operations and embedded control activities / testing to relevant Ireland Trustee & Depositary governance forums
- Input and report to the Depositary governance forums as required, including deputising for the Head of Depositary as required
- Input and participate as required in supporting other ad-hoc projects and tasks as required by the Head of Depositary
- Professional qualification in Accountancy discipline desirable
- Desirable 3rd level qualification to at least degree level preferably in business/legal related discipline
- Desirable PC Literacy & Ability to operate Depositary and Fund Administration Systems
- Desirable Self-motivation with the ability to work independently and as part of a team
- Desirable Ability to identify risk areas and design review programs accordingly
- Desirable Strong communication and client relationship management skills
- Desirable Proactive, focused attitude towards work and an ability to consistently meet deadlines
- Desirable Flexible mindset with the ability to manage multiple client relationships and the ability to provide cross cover for clients managed by other team members
BNY Mellon combines traditional asset management, custody, and investment services with digital capabilities. It is building a multi-asset digital platform that links cryptocurrencies and tokenized securities with conventional financial systems, serving individuals, corporations, and institutional clients. Pershing X expands digital capabilities to improve client experiences; the firm earns fees, commissions, and interest income. By integrating ESG factors and partnering with Citi and Verizon, it aims to connect digital innovation with secure, scalable financial services.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of East Hampton, New York
Founded
1784
Simplify's Take
What believers are saying
- Digital asset custody expands across regulated markets like the UAE.
- AI tools accelerate onboarding, servicing, and settlement inquiries.
- Snapdocs automation lowers mortgage collateral costs and extends eCustody.
What critics are saying
- Regulatory tightening can stall digital-asset custody expansion quickly.
- AI spending fails without measurable fee or cost improvements.
- Higher risk-weighted assets constrain CET1 and buyback flexibility.
What makes The Bank of New York Mellon unique
- BNY is the first U.S. G-SIB offering digital asset custody.
- BNY positions itself as an enabler, not a stablecoin issuer.
- BNY spends nearly $4 billion annually on technology.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Company News
The Bank of New York Mellon has acquired an additional 101,810 shares of Strategy for approximately $18.7 million, bringing its total holdings to one million shares valued at around $187.2 million at current market prices. The institution, which manages approximately $2.1 trillion in assets, joins a growing number of large organisations establishing significant positions in Strategy as a means of gaining Bitcoin exposure.
The Bank of New York Mellon is expected to report quarterly earnings of $1.93 per share, up 22.2% year-over-year, with revenues forecast at $5.15 billion, a 7.5% increase. The consensus EPS estimate has been revised down 0.5% over the past 30 days. Analysts project total interest-earning assets at $390.81 billion, compared to $354.69 billion last year. Book value per share is expected to reach $58.50, up from $52.82 previously. The Tier 1 capital ratio is forecast at 15.4%, versus 14.7% a year ago. Net interest revenue is projected at $1.32 billion, compared to $1.16 billion in the prior-year quarter. Nonperforming assets are expected to decline to $191.31 million from $213 million last year.
Bank of New York Mellon has partnered with Singapore Gulf Bank, adding the firm to its correspondent banking network and providing access to its Fixed Income Brokerage platform. The deal enables SGB's crypto-native clients to access 24/7 US dollar clearing, money market funds and Treasury bills, bridging digital assets with traditional fixed income. The partnership highlights BNY's growing role in tokenised finance infrastructure, following the bank's recent Digital Asset Summit appearance where its CEO outlined positioning around tokenisation and digital custody. However, analysts view the development as incremental rather than a major near-term catalyst. BNY's narrative projects $23.2 billion revenue and $6.4 billion earnings by 2029, requiring 5% annual revenue growth. Fair value estimates range from $118.67 to $133.83 per share.
Strategy has purchased approximately $330 million worth of Bitcoin between 1 April and 5 April, the company disclosed, even as it reported a $14.5 billion unrealised loss in the first quarter due to Bitcoin's price decline. Bank of New York Mellon has been designated by the US Department of the Treasury as a financial agent for the Trump Accounts programme for newborns. BNY Mellon has partnered with Robinhood, which will serve as brokerage and initial trustee for the accounts. US stocks climbed on Monday as oil prices dropped amid cautious optimism for de-escalation in Middle East hostilities. Iran and the US have reportedly received a Pakistan-prepared plan for ending attacks, according to Reuters.
The US Department of the Treasury has named BNY Mellon as the official financial agent for its Trump Accounts programme, with Robinhood joining as a key partner. BNY Mellon will manage initial accounts and help develop a dedicated mobile application for families to access funds. Robinhood will provide brokerage services and act as initial trustee for the accounts. The secure, white-label platform will remain under full government control whilst emphasising usability and security for first-time users. The initiative aims to expand access to structured savings and investment accounts for younger Americans as part of broader financial inclusion efforts. The Treasury will maintain strict oversight, including performance standards and regulatory compliance. Details on eligibility and funding mechanisms are still emerging.