Overview
Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
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We're seeking a future team member for the role of Intermediate Representative, Client Processing to join our Pershing Cash team. Pershing provides a broad range of financial business solutions to investment banks, broker-dealers, wealth managers, financial planners and advisers across EMEA. We provide sophisticated front-end technology and flexible middle office capabilities with execution, settlement and custody services. These are supported by a robust regulatory and compliance framework with dedicated client asset experience and expertise. This role is located in Liverpool and is hybrid.
In this role, you'll make an impact in the following ways:
- Responsible for the processing of inward and outward payments on an accurate and timely basis. Monitoring bank accounts for all currencies
- Check & prepare client payments via SWIFT, CHAPS, BACS and cheques from the overnight processing and same day requests. Instruct manual foreign payments for clients / market makers via SWIFT or TT.
- Reconciliation of incoming funds to client accounts. Unapplied & Unidentified funds process. Managing return of funds
- Review of Cash Breaks and escalation
- Monitor bad debts over 60 days and ensure clearance or cover and produce reports
- Ensure that all Client and Remedy queries and calls are resolved in a timely and efficient manner.
- Ensure procedures and control models are kept up to date and provide input to business process improvements
- Compliance with relevant FCA, JFSC & CBI regulations
- Performs (sometimes complex) operational tasks in a product or functional area, including processing updates to client accounts or company records. Conducts independent analysis and policy interpretation.
- Executes all correspondent requisites in a timely and accurate manner with an understanding of the underlying business and specific client needs.
- Accurately opens and updates accounts or company records.
- Provides product knowledge, technical assistance & subject matter expertise as appropriate
- Responsible for the quality and completion of own work. Maintain positive working relationships with all clients & business units
- Any other processes that may be required with growth in client base or changes to operating model
- Previous experience of cash processing or payments would be an advantage as would a knowledge of SWIFT message formatting, CHAPS and BACS Payments
- Understanding of general banking processes (clearance periods, cut off times etc.)
- Breaks management and Cash Reconciliations
- High level of accuracy is required
- Proficient in the use of Microsoft office products, with an excellent knowledge of Excel
- Good organising and time management skills
- Ability to work effectively under pressure and prioritise workloads
- Effective Team player
- Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg's Gender Equality Index (GEI)
- Best Places to Work for Disability Inclusion , Disability: IN - 100% score
- 100 Best Workplaces for Innovators, Fast Company
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- CDP's Climate Change 'A List'
BNY Mellon 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 that can support you and your family through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.