Monitoring and Oversight client Accounts in order to operate in line with the regulator (CSSF) - Depositary Junior Officer BNY Employee Review

3.0
Jan 10, 2017
Recommend
CEO approval
Business Outlook

Pros

Working in a very diverse and competitive team. It's a good position to start because it gives a broad glimpse of the funds industry in Luxembourg.

Cons

A very manual job due to the very old systems we used. The hierarchy of the organisation is too vertical and the lack of communication between managers and officers is evident. Some of my colleagues did not have any knowledge in finance nor interest in learning any of it.

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5.0
May 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Good work environment and people

Cons

Difficult to switch roles or departments

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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