Senior Associate, Middle Office
1 week ago
SENIOR ASSOCIATE, MIDDLE OFFICE
At BNY, our culture empowers you to grow and succeed. As aleading global financial services company at the center of theworld's financial system we touch nearly 20% of the world'sinvestible assets. Every day around the globe, our 50,000+employees bring the power of their perspective to the tableto create solutions with our clients that benefit businesses,communities and people everywhere.
We continue to be a leader in the industry, awarded as atop home for innovators and for creating an inclusive workplace.Through our unique ideas and talents, together we help make moneywork for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of SeniorAssociate, Middle Office to join our Middle Office Trade team.This role is located in Chennai, TN - HYBRID role.
In this role, you'll make an impact in the followingways:
- Responsible foroverseeing quality control of processing, work allocation andworkflow of a Middle Office team and outsourced functions inaccordance with SLD.
- Reviews andapproves work conducted by more junior levels in accordance withfunction policies and procedures.
- Performs analysis and research on the most complextransactions and identifies solutions to complexinquiries.
- Serves as subject matterexpert and conducts research to gather information on the mostcomplex, multi-faceted transactions and provides answers to complexinquiries that have been escalated by lowerlevels.
- Responsible for or facilitatingthe maintenance of trade static data, trade enrichment, and tradeexception 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 tradefails.
- May also participate in monthlyend-client statement workflow, ad hoc reporting, and incidentmanagement. Identifies resolves and escalates any issues thataffect the accuracy of the Investment Book of Record (IBOR) withinthe team.
- Provides guidance to lessexperienced team members.
- Is able to actas a SME within incident management.
- Exercisesown judgement and collaborates with multiple internal and externalstakeholders to resolve reconciliations of accounts for complex oratypical transactions.
- Mayreview/approve work of junior team members.
- Regularly interacts with clients in answering questionsand resolving multifaceted inquiries for complextransactions.
- No direct reports.Provides guidance to less experienced Middle Office staff asneeded.
- Contributes to the achievementof teams objectives.
To besuccessful in this role, we're seeking thefollowing:
- Bachelor's degree in finance or the equivalentcombination of education and experience is required.
- Excellent analytical and problem-solving skills with dataconsistency and correctness
- 7 plus years oftotal relevant work experience preferred
- Understanding of derivative (OTC , ETD) Products(IRS,CDS,CDX,TRS OPTIONS)Trade Life Cycle, Reconciliation ofderivative products, Derivative Valuations
At BNY, our inclusive culture speaks for itself. Here's afew of our awards:
- America'sMost Innovative Companies, Fortune, 2024
- World's Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate EqualityIndex, 100% score, 2023-2024
- Best Places to Work for DisabilityInclusion, Disability: IN – 100% score,2023-2024
- "Most Just Companies", Just Capitaland CNBC, 2024
- Dow Jones SustainabilityIndices, Top performing company for Sustainability, 2024
- Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, andwellbeing programs rooted in a strong culture of excellence and ourpay-for-performance philosophy. We provide access to flexibleglobal resources and tools for your life's journey. Focus on yourhealth, foster your personal resilience, and reach your financialgoals as a valued member of our team, along with generous paidleaves, including paid volunteer time, that can support you andyour family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative ActionEmployer - Underrepresented racial and ethnicgroups/Females/Individuals with Disabilities/ProtectedVeterans.
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