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BNY Mellon

Lead Analyst, Trustee & Depositary

Frankfurt, Germany


Overview Of BNY Mellon:

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on . Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.

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Regular Duties

Under the direction of the Team Manager, the The Senior Lead Analyst is responsible for acting as daily contact person for designated clients/ KVGs. He/ She is responsible for processing, accounting and reporting services to clients/ KVGs to ensure delivery of correct accounting data and reporting to clients/ KVGs. The Senior Lead Analyst supports the Team Manager and other team members in ensuring that all controls and procedures being performed as well as helping to ensure that service levels meet and exceed client/KVG regulatory and legal requirements.

The position requires good knowledge of fund accounting conventions and techniques, good understanding of subscription and redemptions of fund units, work flows, procedures and controls and quality standards, good understanding of custody and cash setups as well as a solid understanding of the client/ KVG legal and market requirements.

In addition to this, a sound knowledge of BNYM custody and accounting systems is required or subject to self-educated learning via BNYM's MyLearning environment. The Lead Analystclosely interacts with the Team Manager and keeps him/ her advised of processing and accounting issues if required, problem resolution status and internal service delivery status as well as recurring issues that require management follow up.

In the absence of the Team Manager, the Senior Lead Analyst may be designated to assume his/ her technical responsibilities. The Senior Lead Analyst will be represented by another team member, in the event of his/ her absence. Close interaction is required to ensure knowledge transfer of functional operations responsibilities and client specific requirements prior to absences.

The Senior Lead Analyst will be required to execute the following tasks within the Depotbank department. They shall be executed within the guidelines and procedures provided by BNYM and under the supervision and guidance of a Fund Accounting Supervisor and Fund Accounting Manager. Reconciliation, manual capturing of trades, as well as processing corporate actions are an integral part of the Senior Lead Analyst role. They will be required to perform these core tasks accurately and in a timely and efficient manner. Every Senior Lead Analyst will receive the requisite Induction Training in addition to both compulsory training (AML/ Information Risk) and optional training. Additional, client-specific training will be provided by the Supervisor.


The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on client structure, client requirements and business needs.
  • Reconciliation of donation accounts
  • Settlement of funds pursuant to resolution / transfer
  • Settlement of check deposits from Class Actions
  • Set Up and control of fee models in Xentis
  • Transfer Agency transactions special funds ( subscription / redemption )
  • Distributions and accumulations of mutual and special funds
  • Processing give-up bills
  • Processing call money/time deposits
  • Processing of fund Events
  • C alculation and delivery of the Depotbank Fee and other charges to Billing Team
  • Creating of respective daily and weekly reconciliations TA-Lux vs. Custodian Frankfurt
  • Control of fund static data
  • Price control of all Transfer Agency Business sales on the basis of price sheets & from WM database
  • Preparing and sending the daily Transfer Agency Business sales
  • Monitoring payments, monitoring overdue income, respond on queries by the client, documentation and archiving
  • Develop and maintain an understanding of the client/ KVG business and market requirements.
  • Respond to all client/ KVG and BNYM in-house requests in a timely manner.
  • Direct communication to asset managers, investors, service providers and several KVGs
  • Creation, documentation and optimization of own workflows and processes
  • Preparation of the relevant documentation for external and internal audit in close cooperation with other senior team members and / or team lead
  • Perform and reviews daily/ periodic controls as required or assigned.
  • Ensuring that daily work flows, procedures and controls are effectively executed in a timely manner
  • Interaction with other BNY Departments (internal and external).
  • Support Team Manager in improving work flows in accordance with BNY procedures and controls, legal requirements and client/ KVG requirements.
  • Monitors area for risk and minimizes potential loss and exposure
  • Participate in special projects as required.
  • On boarding and training of new employees
  • Actively analyses processes, and in conjunction with the other parties involved, works to improve processes, making them as efficient as possible.
  • Communicates with the Team Manager for resolution of complex business and operating issues.
  • Keep informed of internal and external developments which could affect client/KVG services operations.
  • Quality assurance standards development and implementation
  • Coordination of activities over Depotbank teams and other BNYM departments
  • Creation, documentation and optimization of workflows and processes
  • Coordination and process of customer inquiries
  • Bank or business education with specialization and experience in fund accounting within Depotbank and / or KVG
  • Proven experience with standard Microsoft Office applications (particularly Excel and Word, Access & VBA is a plus).
  • Significant work experience (> 5 years)
  • Significant experience in a Financial Services or Accounting or investment administration environment.
  • Significant knowledge of instrument characteristics and settlement processes for the following asset classes: securities, derivatives, foreign exchanges and OTCs (i.e. Swaps, CDS)
  • Significant understanding / experience with Options, Swaps, Structured Products and Security Lending is a plus.
  • Self- Driven and responsible person to fully complete assigned tasks.
  • Act as role model for other team members and execute best practice
  • Eager to attain the knowledge of relevant products and business processes.
  • Good communicator and Team playing spirit is a must.
  • Open minded approach to understand Fund Accounting related processes to be able to understand how your job will impact clients and other departments of the company
  • Frame of mind focused on productivity; willingness to take more duties, expand team
  • Preferred to have Process Improvement experiences/ skills, e.g. to design/establish new detailed processes, Documentation skills, e.g. procedures/manual.
  • Strong Risk Control: monitoring and adhering legal and compliance responsibilities.
  • Good written / verbal English and German skills
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:

Client-provided location(s): Frankfurt, Germany
Job ID: BNY_Mellon-41380
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Sabbatical
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Performance Bonus
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program