Director – Fund/Client Accounting Manager
About the job
- Extensive Fund Accounting expertise including NAV production, valuation methodologies, complex instruments, and accounting standards across mutual funds, exchange-traded funds, and alternative structures.
- Proven leadership of large, high-performing operational teams.
- Exceptional client-facing capability with demonstrated success influencing senior client stakeholders, managing complex discussions, and navigating competing priorities.
- Strong cross-functional influence within global organisations, comfortable operating in a matrix environment and partnering with global teams to drive alignment and resolve issues.
- Control-focused mindset with strong analytical capability, ability to interpret data, identify trends, and implement sustainable solutions in a risk-sensitive environment.
- Excellent communication and interpersonal skills, confident presenting to senior leadership, mentoring teams, and articulating complex topics clearly.
- Organisational agility and resilience, skilled at managing multiple priorities in a deadline-driven environment and adapting to evolving client needs.
- Self-starter with strong ownership mentality, able to operate independently while knowing when to escalate or collaborate.
- Energy, enthusiasm, and commitment to operational excellence, with a passion for leading teams through change and delivering high-quality outcomes.
- Bachelor’s degree in Finance, Accounting, Economics, or related field.
- Advanced degrees or professional qualifications such as CFA, CPA, ACCA are an advantage.
- Lead the BNY EMEA Fund Accounting Operations organisation for a strategically significant client and provide strategic and day-to-day leadership to high-performing teams responsible for NAV production, pricing, controls, and client deliverables.
- Act as EMEA Fund Accounting Operations owner for single client, building strong relationships with senior client stakeholders, influencing decision-making, and ensuring delivery of a consistently excellent service experience.
- Drive operational excellence across the Fund Accounting lifecycle by overseeing daily NAV production and valuation controls.
- Partner with global internal functions, collaborating with Global Product, Technology, Risk, Middle Office and Functional Utility stakeholders to ensure alignment and resolve cross-functional issues, drive consistency in process and controls.
- Lead onboarding, conversions, and product launch activity, overseeing operational readiness for new funds, complex product structures, and client-driven change initiatives.
- Strengthen the control environment and risk culture by ensuring robust oversight of key controls, managing audit interactions, and driving remediation of operational risk themes.
- Champion automation and digital transformation by promoting the adoption of digital tools, data-driven solutions and AI-enabled capabilities to reduce manual touchpoints and enhance operational resilience.
- Serve as senior escalation point for complex issues, providing direction on break resolution, valuation challenges, and client-impacting incidents, with timely and transparent communication.
About the company
BNY safeguards financial assets and runs investment services for institutions, investment firms and wealthy clients around the world. Its custody business keeps clients' securities safe and handles the records and transactions needed to administer investment funds. Banks and brokers use its systems to settle trades, manage collateral and send payments, while its investment and wealth businesses manage portfolios and advise clients. It earns servicing and management fees as well as interest on loans and securities funded by client deposits. BNY traces its roots to the Bank of New York, founded by Alexander Hamilton in 1784, and is headquartered in New York City.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1784
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Simplify's Take
What believers are saying
- BNY's growth funds expansion: July 2026 results showed quarterly revenue rising 13% to $5.7 billion.
- BNY is opening payment channels: September 2026 Pay-to-Wallet connected banks to retail wallets, with Kookmin among initial users.
- Analysts build transferable skills: BNY's 24-month program combines rotations, mentoring and AI learning pathways.
What critics are saying
- Staff stability has weakened: February 2026 reporting shows BNY headcount fell 7% in 2025.
- Investment demand weakened: BNY reported $17 billion of net outflows in the quarter ending March 2026.
- Investment fees face pressure: BNY reports demand shifting toward lower-fee asset-management products and performance-based charges.
What makes BNY unique
- BNY anchors institutional finance: its custody and administration footprint reached $62.6 trillion in June 2026.
- BNY occupies critical government-market plumbing: it is the primary provider of U.S. government securities clearance.
- BNY reaches brokerage customers through Pershing: its clearing platform supports 8.6 million global client accounts.
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Benefits
- Health Insurance
- Paid Vacation
- Flexible Work Hours
- Remote Work Options
- Unlimited Paid Time Off
Company News
BNY, which says it is embedding artificial intelligence (AI) across its business, declined to say how much it spends on the technology. Chief executive officer Robin Vince told analysts on its third-quarter earnings call that the bank is not breaking out the figure, and that doing so could be "counterproductive." Vince said AI is generating returns. About $4 billion of BNY's $13 billion annual expense base goes to technology. The bank now has "400-plus" AI solutions in production, up from 117 a year ago. BNY reported revenue of $5.7 billion, up 12%, and net income of $1.7 billion, up 16%. Earnings per share were $2.34, against a consensus estimate of $2.27. It raised its 2026 revenue growth outlook to 12%-13%.
BNY beat third-quarter estimates, though its shares slipped 1.58% in pre-market trading on Thursday. The Bank of New York Mellon Corporation reported adjusted earnings per share of $2.37, against the analyst consensus of $2.26. Revenue rose 12% to $5.68 billion from $5.08 billion a year earlier, beating estimates of $5.55 billion. Fee revenue rose 12% to $4.08 billion, and net interest income climbed 15% to $1.42 billion. Noninterest expense increased 8% to $3.49 billion. Pre-tax margin was 39%. Assets under custody and administration rose 10% to $63.4 trillion. Assets under management grew 2% to $2.2 trillion. BNY returned $1.4 billion to shareholders through $436 million in dividends and $937 million in share repurchases.
BNY will report third-quarter earnings on Thursday before market open. Analysts expect revenue to grow 9.6% year on year, compared with a 9.1% rise in the same quarter last year. Last quarter, the company beat revenue expectations with $5.70 billion, up 13.3% year on year. It also beat analysts' earnings per share estimates, and has a history of topping Wall Street forecasts. Among peers, Goldman Sachs reported 23% revenue growth, beating estimates by 11.5%. Jefferies posted 8.5% growth, topping estimates by 1.1%, and its shares fell 1.3%. BNY shares are down 10.7% over the last month, against a 5.5% average fall for capital markets stocks. The average analyst price target is $163.47, versus a share price of $140.78.
Digital Asset, the creator of the Canton Network and a leader in privacy-enabled blockchain technology for global financial markets, today announced a new strategic investment from BNY, iCapital, Nasdaq, and S&P Global
Luminary, an AI-native wealth transfer and administration platform, has raised $22 million in Series A funding led by Ten Coves Capital. The round included participation from BNY and 8VC, bringing total funding to nearly $32 million since launching in 2021. The platform ingests estate documents and converts them into structured data that powers workflows for financial advisors, trust companies, law firms and accounting firms. This helps them scale guidance on tax-efficient wealth transfer strategy and trust administration. Luminary currently supports client assets totalling more than $500 billion. Customers include Caprock, IEQ Capital and Wealth Enhancement Group. The funding will be used to expand AI capabilities, integrations and administrative workflows, whilst growing the sales and business development teams.