Job Description

Who We Are

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world’s leading institutions the tools, capabilities, and services to be distinctive investors.  BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity.  We are working in a Flexible work environment with the option to work a few days from home. Occasional Weekend and Holiday work to be expected.

BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:

• Managing the custody of approximately $37 trillion financial assets of the world’s leading institutional investors, hedge funds, sovereign wealth funds, and corporates
• Investing approximately $2 trillion as one of the largest global asset managers across a wide range of asset classes
• Providing collateral, liquidity, and funding for the world’s largest banks through our markets franchise
• Serving family offices and high net worth individuals through our wealth management franchise
• Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and ’40 Act fund managers, registered investment advisor firms and wealth managers
• Advising large global corporations on a range of trust and other solutions
• Providing integrated managed data services to asset managers

What We Do

Investment Operations Solutions (Middle Office) Overview

At BNY Mellon, our data-centric service model helps provide clients with clean, scrubbed information to support the investment process, from post-trade execution to client communications. Our Investment Operations solution is a full lifecycle of investment activities through an integrated data, technology and operations model that supports all product types. Offering a full spectrum of services: trade support, derivatives and collateral management, bank loan support, investment book of record (IBOR), investment performance, and data management.

The Trade Support team is the first touch point for our clients’ investment activity.  We work hand and hand with our investment manager clients, internal teams, custodians, and brokers to capture, confirm, communicate, and settle executed trade activity.  Our team provides analytical services to ensure all the activity is processed timely and accurately to meet client and market deadlines.

Middle Office Role Overview

Under minimal supervision, performs moderately complex functions supporting trading, client services, and accounting activities including trade communication, processing, and settlement. Reviews high volumes of client trade activity where established procedures are followed. Leverages some knowledge of processes of procedures to confirm findings and analyses unique scenarios to determine solutions for more complex issues.

Role-Specific Responsibilities

• Trade life-cycle management – using systematic tools to capture executed trades (i.e Equity, Fixed Income, FX, and derivatives products) from the clients and communicate/confirm this activity to the ‘street’: custodians, brokers, and other interested parties
• Research exceptions to ensure all activity is accurately processed and delivered by market deadlines
• Trade settlement – analyze failed trades and work with all parties to quickly resolve trade settlement issues
• Get involved on projects: with clients as their investment strategies shift and internally to increase  efficiency and decrease risk
• Management of reference & static data

Standard Job Responsibilities

Middle Office – S2Under minimal supervision, provides accounting and trading support activities for funds of moderate complexity. Performs reviews of moderately complex documents processed from across the Bank to confirm compliance with established processes and procedures. Under minimal supervision, performs moderately complex functions supporting accounting, trading and client services activities including book-keeping and data review. Reviews moderate volume of documents to ensure processors followed established procedures and took on minimal risk. Leverages some knowledge of processes of procedures to confirm findings. Tracks fund data and trades. Maintains records of moderate complexity in accordance with department policies and procedures. Provides requested data to team members. Searches for fail points in processes and drafts error reports to be provided to clients. Has some knowledge of compliance rules and service level agreements. Escalates external errors. Correction of internal errors is at the discretion of the client. Uses some knowledge of what constitutes an exception to review and identify exceptions in documentation. Confirms findings with more senior team members. If exceptions are found, checks against review guidelines to see if internal and client procedures were followed. Prepares system-generated reports or templates and conducts general data validation and reconciliation. Reviews work of junior team members. No direct reports. Provides guidance to less experienced Middle Office support staff, as needed. Responsible for the quality and completion of own work.

Qualifications

• High school/secondary school or the equivalent combination of education and experience is required.
• Bachelor’s degree a preferred (Accounting, Finance, Economics, Mathematics),  Mutual fund industry background is a plus.
• 1-2 years of total work experience preferred.. Experience in accounting support or the mutual fund industry preferred.

Preferred Qualifications

• Intermediate to advanced understanding of Excel.
• High level of communication skills.
• Remain organized and be able to handle multiple priorities
• Work independently but also be a helpful teammate.
• Comfortable asking questions to gain understanding on any area where understanding is limited.
• Research, Reporting and Reconciliation

How to Apply

Job Types: Full-Time.

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