Entry Level Analyst, Investment Portfolio Compliance

BNY Mellon
Westborough, USA
Sep 30, 2022
Oct 15, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

The BNY Mellon Portfolio Compliance team performs automated post trade compliance testing for mutual fund and ETF clients to ensure compliance with investment requirements established by the IRS, SEC and individual fund guidelines under the Investment Company Act of 1940.

Working under general supervision, the Analyst is responsible for the daily compliance monitoring of mutual fund client investment portfolios. They will identify compliance rules based on regulatory requirements and specific fund documents and code guidelines within our automated proprietary compliance system. The analyst will independently perform research and analysis of daily compliance exceptions, validate test results and accounting data, and bring issues to a logical conclusion. The Analyst will collaborate with their Manager to review exceptions and provide supporting documentation and justification of their conclusions. They will communicate directly with clients by providing daily notification of compliance exceptions, respond to client inquiries, and document all client feedback and directives. The Analyst is required to have strong communication skills to collaborate with both clients and internal departments to resolve compliance issues. Working directly with clients, the Analyst will identify and implement solutions for new testing guidelines as needed. They are responsible for coordinating monthly and quarterly compliance reporting and will provide documentation for audit purposes. The Analyst is responsible for maintaining detailed client procedures and adhering to all risk and control protocols.

  • Strong verbal and written communication skills.
  • Understanding of investments including various investment types, fund accounting and balance sheet analysis.
  • Ability to perform research, analysis and interpretation of financial data.
  • Demonstrate independent thinking, analytical, and problem-solving skills
  • Proficiency in MS Office (Outlook, Word, Excel, etc.) is required. Ability to understand and develop proficiency in other systems is required to perform the duties of this position.

Preferred Skills:
  • Knowledge of mutual funds, ETFs, common stock, fixed income, derivatives
  • General knowledge of accounting
  • Previous experience in compliance, as a financial services analyst, or other industry-related experience a plus, but not required

Position: Entry Level

Bachelor's Degree in Accounting, Finance, Business Management or Economics, or equivalent work experience.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

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.
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