Overview
Entry to Junior Level Analyst, Investment Operations
Who We Are
For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity. We are working in a Flexible/Hybrid environment.
BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:
- Managing the custody of approximately $37 trillion financial assets of the world's leading institutional investors, hedge funds, sovereign wealth funds, and corporates
- Investing approximately $2 trillion as one of the largest global asset managers across a wide range of asset classes
- Providing collateral, liquidity, and funding for the world's largest banks through our markets franchise
- Serving family offices and high net worth individuals through our wealth management franchise
- Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and '40 Act fund managers, registered investment advisor firms and wealth managers
- Advising large global corporations on a range of trust and other solutions
- Providing integrated managed data services to asset managers
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At BNY Mellon, our data-centric service model helps provide clients with clean, scrubbed information to support the investment process. Our Middle Office service is a full lifecycle of investment activities through an integrated data, technology and operations model that supports all product types. Middle Office offers a full spectrum of services: trade support, derivatives and collateral management, bank loan support, investment book of record (IBOR), investment performance, and data management.
Standard Job Responsibilities
The general day to day responsibilities include the research and resolution of reconciliation breaks, quality controls, and nightly portfolio valuation. During these processes you will interact with custodian banks, clients, and other internal support teams. Our clients are invested in a wide variety of asset types and global markets. The work is highly time sensitive and requires an attention to detail, the ability to take on responsibility and work in a team setting while supporting a number of businesses.
- Under minimal supervision, provides accounting support activities for funds of moderate complexity
- Utilizes internal systems and external data to validate and resolve reconciliation breaks while adhering to established procedures
- Maintains records in accordance with department policies and procedures
- Prepares system-generated reports or templates and conducts general data validation and reconciliation
- Confirms findings with more senior team members
- Has some knowledge of compliance rules and service level agreements
- Provides guidance to less experienced Middle Office support staff
- No direct reports
- Responsible for the quality and completion of own work
- Intermediate to advanced understanding of Excel.
- High level of communication skills.
- Remain organized and be able to handle multiple priorities
- Work independently but also be a helpful teammate.
- Comfortable asking questions to gain understanding on any area where understanding is limited.
Bachelors Degree Preferred. High school/secondary school or the equivalent combination of education and experience is required. Mutual fund industry or Accounting Support background preferred.
0-4 years of total work experience preferred, varies on the level of the role.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
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.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.