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Associate, Middle Office II

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BNY Mellon

7d ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Pune

AI generated summary

  • You need a bachelor's degree in finance or equivalent experience and preferably over 5 years of relevant work experience.
  • You will process and analyze transactions, conduct reconciliations, manage trade data, support portfolio valuations, and collaborate with stakeholders to resolve complex inquiries.

Requirements

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

Responsibilities

  • Responsible for, processing, monitoring, researching and analyzing transactions and resolving complex inquiries. Coordinates with multiple internal stakeholders and external clients to gather and disseminate data-related information about transactions.
  • Conducts research to gather information on complex transactions and data-related, straightforward inquiries.
  • Responsible for custodian bank reconciliations analysis (cash, asset and market value), break assignment and resolution of reconciliation breaks, daily portfolio valuation processes, account level pricing, net asset valuation calculations (NAV), monthly accounting close processes, cash projection reports, cash management support, monthly end-client statement workflow and validation and ad hoc reporting.
  • Responsible for or facilitating the maintenance of trade static data, trade enrichment, and trade exception handling and market claims.
  • Focus is on gaining experiences and developing Middle Office skills and expertise.
  • Escalates the most complex transactions to senior team members.
  • Provides guidance to less experienced team members.
  • Collaborates with a group of internal and external stakeholders to deliver recommendations to complex inquiries.
  • Regularly interacts with clients in providing consultation and resolving complex inquiries and transactions.
  • No direct reports. Provides guidance to less experienced Middle Office staff as needed.
  • Contributes to the achievement of team objectives.

FAQs

What is the job title for this position?

The job title is Associate, Middle Office II.

Where is the job located?

The job is located in Chennai, TN, and is a hybrid role.

What are the primary responsibilities of the Associate, Middle Office II?

The primary responsibilities include processing, monitoring, researching and analyzing transactions, conducting reconciliations, facilitating trade static data maintenance, and collaborating with internal and external stakeholders to resolve complex inquiries.

What qualifications are required for this role?

A bachelor's degree in finance or an equivalent combination of education and experience is required, along with preferred experience of 5 plus years in relevant work.

Is prior experience necessary for this position?

While 5 plus years of relevant work experience is preferred, it may not be strictly necessary depending on your qualifications and education.

Are there opportunities for guidance in this role?

Yes, the Associate, Middle Office II provides guidance to less experienced team members as needed.

What kind of benefits does BNY offer?

BNY offers competitive compensation, comprehensive benefits, wellbeing programs, generous paid leave, including paid volunteer time, and resources to support your health and financial goals.

Does this role involve interaction with clients?

Yes, this role regularly interacts with clients to provide consultation and resolve complex inquiries and transactions.

What is the focus of this position?

The focus is on gaining experience and developing Middle Office skills and expertise.

What is BNY's commitment to diversity and inclusion?

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

How long has BNY been in operation?

BNY Mellon has been at the forefront of finance for over 230 years.

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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.