Senior Representative, Collateral Management/Margins

Overview

Who we are:

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).

• Provides quality service and support to internal and external clients on a daily basis, including monitoring collateral inflows from trade derivatives, facilitating delivery of collateral to appropriate investors and dealers.
• Handles complex problem resolution.
• Focuses on moderately sized, complex accounts.
• Monitors market movements and processes additions or removals of collateral to or from deals.
• Confirms trade terms and details. May serve as the intermediary for a trade or provide post-execution trade support and communicate with counter parties (traders, etc.).
• Sets up medium-sized client accounts, maintains, prepares and reviews client statements.
• Reviews statements prepared by more junior team members.
• Maintains relevant paperwork in accordance with departmental policy.
• Emphasizes regulatory compliance and minimizes exposure related to processing tasks.
• Investigates and corrects errors in client accounts and statements.
• Escalates any serious issues to management.
• Reviews errors escalated by more junior staff and addresses appropriately. Communicates with the Trading Desk and counter parties.
• Communication responsibilities are sometimes client-facing but usually focused on the clients back office.
• Liaises with financial control and regulatory reporting staff to ensure integrity of reporting and assesses impact on capital. No direct reports.
• Trains entry level staff and instructs on performance improvements.
• Responsibilities are primarily limited to own fulfilment of role requirements but also include providing training and guidance to entry level staff.
• Focus is on medium-sized, complex accounts.

• High school/secondary school or the equivalent combination of education and experience is required.
• Bachelor's degree preferred.
• 3-5 years of total work experience is preferred.
• Experience in brokerage processing is preferred.
• Applicable local/regional licenses or certifications as required by the business.

• Excellent opportunities for training, growth, and professional development
• Mentoring and job shadowing programs
• A multitude of opportunities to get involved in additional charity projects and engagement groups
• Employee Referral Program
• Health Promotion: Wellbeing and Innovation Centre, Wellbeing programs
• Full time contract of employment
• Competitive salary
• Health & Life Insurance
• Private medical care
• Pension scheme