Senior Representative, Client Processing - Manchester, United Kingdom - The Bank of New York Mellon Corporation

The Bank of New York Mellon Corporation

Verified Company

Manchester, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Summary:

Performs collateral and portfolio reconciliation functions across a variety of derivative products.

Company:

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the centre of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors.

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

Team:

The Collateral Operations group is a global team within the Global Operations & Technology division of BNY Mellon responsible for supporting our clients' collateral and portfolio reconciliations processes.

Our clients include pension funds, endowments, mutual funds, hedge funds and other financial institutions using derivatives to manage their financial risks.

We provide processing, inquiry and general support for our clients while working to improve and automate transaction processing systems.

We are a centre of excellence maximizing specific knowledge around the collateralisation of complex derivative products, including swaps, options, forwards, and futures.

Our team's key functions include:

Monitoring collateral calls from counterparties
Facilitating margin dispute resolution between parties
Verifying delivery of collateral to clients and brokers
Cleared and bilateral reconciliations for derivative products traded by our clients
Complex problem resolution, serving as the intermediary for issue resolution and postexecution support and communication with counterparties (traders, etc.)
Involvement in technology projects and enhancements related to our collateral infrastructure
Projects, testing and continuous process improvement
Compiling and distributing metrics and management information for reporting
Facilitating the onboarding of new clients and new business

Role:

As a Client Processing Senior Representative, your responsibilities will include:

Provision of collateral and portfolio reconciliation support as outlined above to clients on a daily basis
Multitasking and prioritizing daily tasks and deliverables
Partnering with senior colleagues to identify, develop and implement process changes
Contributing to team objectives
Escalating issues timely and effectively

Qualifications:

We're looking for process orientated, keen individuals who enjoy solving complex problems, performing reconciliantions and looking for ways to make processes better.

As well as advancing technical knowledge, we will also help grow specific derivative and collateral product knowledge.

Minimum _
Bachelor's degree or the equivalent combination of education and experience is required.
Ability to effectively prioritise and execute tasks in highpressure environment.
Preferred _
13 years of total work experience.
Experience in reconciliations, trade processing, settlements and cash processing are all skills transferrable to this role. Limited derivative knowledge is not a barrier to entry as on the job product training will be available.

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.