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18 Oct 2022

Full-Time Senior Representative, Client Processing

roger.douglasiii@bnymellon.com – Posted by roger.douglasiii@bnymellon.com Pittsburgh, Pennsylvania, United States

Job Description

Job Description

 Req # 29111 – Client Processing, Senior Representative

Job Title – Senior Representative, Client Processing

Grade – G

Shift – Day (window of work timing – 8am to 7pm), 8.5 hours shift

Workdays – Monday to Friday (Hybrid model – 3 days work from office)

Hiring Manager – Eric Alan

 

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.

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.

 

Role Overview:

  • Applies expertise and judgement in providing quality, and occasionally complex client service and support to internal and external clients on a daily basis, including phone interaction, problem resolution, transaction processing (i.e., STP, manual), reconciliations and accounting services, and updates to client accounts in a timely manner.
  • Performs a variety of operational tasks in a product or functional area, including processing updates to client accounts or company records and interpreting and handling exceptions. Investigates and corrects errors in client accounts. Conducts independent analysis and policy interpretation.

Collateral maintenance and monitoring:

  • Consist primarily of placing holds on accounts and pledging/releasing collateral items (deposit accounts, physical shares, custody accounts etc) to loans on AFS.  Reconciling asset holds to AFS, monitoring assets for expirations, performing inventories of physical securities, changing advance rates and/or watermarks, revaluing assets and performing monthly reconcilements of custody accounts that have been pledged but are not feeding assets.

Role-Specific Responsibilities:

  • Serves as the primary point of contact for clients and executes all correspondent requisites in a timely and accurate manner with an understanding of the underlying business and specific client needs.
  • Maintains correspondent accounts in accordance with applicable regulations and policies, ensuring regulatory compliance and minimizing exposure related to assigned processing tasks.
  • Accurately opens and updates accounts or company records. Works closely with technology and systems teams to ensure the system is efficient and incorporates any necessary risk mitigations.
  • Provides product knowledge, market nuances and requirements and technical assistance, as necessary. May review and check work of other Client Processing Support staff and help resolve escalated issues.
  •  No direct reports. Responsible for contributing to the quality and achievement of team tasks and projects. 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 preferred. 3-5 years of total work experience preferred. Experience in brokerage processing preferred.
  • BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans.

Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

 

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

How to Apply

Please click the link to apply: https://bnymellon.eightfold.ai/careers?query=29111&pid=14055953&domain=bnymellon.com&triggerGoButton=false

Job Categories: Equal Opportunities. Job Types: Full-Time. Salaries: Not Disclosed.

Job expires in 49 days.

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