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Associate, Middle Office I

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BNY Mellon

7d ago

  • Job
    Full-time
    Mid Level
  • Business, Operations & Strategy
    Banking & Finance
  • Chennai

AI generated summary

  • You need a bachelor's in finance or equivalent experience, plus over 3 years of relevant work experience preferred.
  • You will process and analyze transactions, conduct research, handle reconciliations, maintain trade data, and assist with portfolio valuation and reporting while collaborating with stakeholders.

Requirements

  • Bachelors degree in finance or the equivalent combination of education and experience is required.
  • 3 plus years of total relevant work experience preferred.

Responsibilities

  • Responsible for processing, monitoring, researching and analyzing transactions and resolving non-complex inquiries. May coordinate with both internal stakeholders and external stakeholders and/or clients to gather, disseminate, and resolve basic information about transactions.
  • With guidance, conducts research to gather information on non-complex transactions and data-related, straightforward inquiries.
  • Responsible for reconciliations to third parties (cash, asset, trade matching, and market value) and analysis, break assignment and resolution of reconciliation breaks and failing trades.
  • Responsible for or facilitating the maintenance of trade static data, trade enrichment, and trade exception handling and market claims.
  • Also responsible for daily portfolio valuation processes and engages in exception processing for breaks. May also participate in monthly accounting close processes, cash projection reports, cash management support, monthly end-client statement delivery, and ad hoc reporting.
  • Focus is on gaining middle office experiences. Escalates complex transactions to senior team members.
  • Collaborates with limited group of internal and external stakeholders to deliver recommendations to basic inquiries.
  • Interacts with clients in answering basic questions and resolving straightforward inquiries. No direct reports.
  • Contributes to the achievement of team objectives.

FAQs

What is the job title for this position?

The job title is Associate, Middle Office I.

Where is this position located?

This position is located in Chennai, TN and is a hybrid role.

What are the main responsibilities of an Associate, Middle Office I?

The main responsibilities include processing, monitoring, researching and analyzing transactions, conducting research on non-complex transactions, reconciling with third parties, maintaining trade static data, and engaging in daily portfolio valuation processes.

What qualifications are required for this role?

A bachelor's degree in finance or an equivalent combination of education and experience is required.

How many years of relevant work experience is preferred for this position?

The position prefers candidates with 3 plus years of total relevant work experience.

What kind of inquiries will I be responsible for resolving in this role?

You will be responsible for resolving non-complex inquiries and answering basic questions from clients.

Will I be collaborating with other stakeholders in this role?

Yes, you will collaborate with a limited group of internal and external stakeholders to deliver recommendations and solutions.

Are there opportunities for career growth at BNY?

Yes, BNY’s culture empowers employees to grow and succeed, providing opportunities for development and career advancement.

What awards has BNY achieved recently?

BNY has received several awards, including being listed among America’s Most Innovative Companies and World’s Most Admired Companies in 2024, and a 100% score on the Human Rights Campaign Foundation’s Corporate Equality Index for 2023-2024.

Does BNY offer benefits and rewards for employees?

Yes, BNY offers highly competitive compensation, benefits, and well-being programs, along with flexible resources to support employees in various aspects of life.

Does BNY have a commitment to diversity and inclusion?

Yes, BNY is an Equal Employment Opportunity/Affirmative Action Employer with a commitment to underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.

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BNY Mellon

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.