Middle Office Analyst*

Overview

Middle Office Analyst

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

Independently provides accounting and trading support activities for funds of higher complexity. Performs reviews of more complex documents processed from across the Bank to confirm compliance with established processes and procedures. Reviews work of more junior colleagues and provides technical assistance on complex matters. Independently performs complex functions supporting accounting, trading and client services activities including book-keeping and data review. Reviews high volume of documents to ensure processors followed established procedures and took on minimal risk. Leverages strong knowledge of processes of procedures to confirm findings. Reviews findings of more junior staff. Tracks fund data and trades. Maintains records of high complexity in accordance with department policies and procedures. Provides requested data to team members as necessary. Searches for fail points in processes and provides error reports to clients in compliance with established service level agreements. Escalates external errors. Correction of internal errors is at the discretion of the client. Independently reviews for exceptions and may provide guidance to more junior level team members. If exceptions are found, confirms that internal and client procedures were followed, processing was on time and in line with FCC regulations and no unnecessary steps were taken. Prepares system-generated reports or templates consisting of multiple or advanced data sets 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 (may vary depending on level)

• 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.
• 2-3 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

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.