ASSOCIATE, MIDDLE OFFICE II
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Associate, Middle Office II to join our Middle Office team. This role is located in Chennai, TN/Pune, MH - HYBRID role.
In this role, you'll make an impact in the following ways:
Responsible for overseeing quality control of processing, work allocation and workflow of a Middle Office team and outsourced functions in accordance with SLD.
Reviews and approves work conducted by more junior levels in accordance with function policies and procedures.
Performs analysis and research on the most complex transactions and identifies solutions to complex inquiries.
Serves as subject matter expert and conducts research to gather information on the most complex, multi-faceted transactions and provides answers to complex inquiries that have been escalated by lower levels.
Responsible for or facilitating the maintenance of trade static data, trade enrichment, and trade exception handling and market claims.
Responsible for the most complex reconciliations analysis (cash, asset, trade matching, and market value), break assignment, resolution of reconciliation breaks, and trade fails.
May also participate in monthly end-client statement workflow, ad hoc reporting, and incident management. Identifies resolves and escalates any issues that affect the accuracy of the Investment Book of Record (IBOR) within the team.
Provides guidance to less experienced team members.
Is able to act as a SME within incident management.
Exercises own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions.
May review/approve work of junior team members.
Regularly interacts with clients in answering questions and resolving multifaceted inquiries for complex transactions.
No direct reports. Provides guidance to less experienced Middle Office staff as needed.
Contributes to the achievement of teams' objectives.
To be successful in this role, we're seeking the following:
Bachelors degree in finance or the equivalent combination of education and experience is required.
5 plus years of total relevant work experience preferred.
Understanding of derivative (OTC , ETD) Products (IRS,CDS,CDX,TRS OPTIONS)Trade Life Cycle, Reconciliation of derivative products, Derivative Valuations
OR
Trade Life Cycle Flow, Listed Product Knowledge (Equity, Fixed Incomes, FX's SPOT, Forward & NDF), Trade Capture knowledge (Trade Posting, Trade Resolutions), Knowledge about SWIFT messages and its impact, Trade Settlements
At BNY, our inclusive culture speaks for itself. Here's a few of our awards:
America's Most Innovative Companies, Fortune, 2024
World's Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
"Most Just Companies", Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.