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Collateral Operations Analyst

Company: Bank of New York Mellon
Location: Orlando
Posted on: September 19, 2023

Job Description:


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.

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

    What We Do

    Collateral Operations Group Overview

    The Collateral Operations group is a global team within the Global Operations & Technology division of BNY Mellon responsible for supporting our clients' collateral and portfolio reconciliations processes. Our clients include pension funds, endowments, mutual funds, hedge funds and other financial institutions using derivatives to manage their financial risks. We provide processing, inquiry and general support for our clients while working to improve and automate transaction processing systems. We are a center of excellence maximizing specific knowledge around the collateralization of complex derivative products, including swaps, options, forwards, and futures.

    Collateral Operations Analyst Role Overview

    As a Collateral Operations Analyst, you will be responsible for providing the collateral and portfolio reconciliation support as outlined above to clients on a daily basis. Apart from the daily collateral activities, you will also partner with senior colleagues to identify, develop and implement process changes, and be actively involved in contributing to broader strategic team objectives.

    Role-Specific Responsibilities
    • Performs exchange traded, cleared and bilateral reconciliations for derivative products traded by our clients.
    • Monitoring collateral calls from counterparties.
    • Facilitating margin dispute resolution between parties.
    • Verifying delivery of collateral to clients and brokers.
    • Applies expertise and judgement in providing quality, and complex client service and support to internal and external clients on a daily basis, including phone interaction, problem resolution, transaction processing, reconciliations and accounting services, and updates to client accounts in a timely manner.
    • Performs complex operational tasks in a product or functional area. Conducts independent analysis and policy interpretation. Performs complex, manual processing of updates to client accounts or company records. Responsible for reconciliations, including reconciling cash breaks, position differences, and gathering and compiling data.
    • Serves as the primary point of contact for clients and executes all correspondent requisites in a timely and accurate manner with an understanding of the underlying business and specific client needs.
    • Provides product knowledge and technical assistance, determining when the more complex problems should be referred to a supervisor or senior professional.
    • Review and check work of other Client Processing Support staff and help resolve escalated issues.
    • Responsible for the quality and completion of own work.

      Standard Job Responsibilities
      • Works with external clients to resolve day-to-day issues and direct them to appropriate resources at BNY Mellon.
      • Works effectively with peers across geographic regions.
      • Supports clients in addressing operational and technical questions or issues and ensuring requests are executed.
      • Applies problem solving skills based on precedence and experience.
      • Uses communication skills to deliver high quality service to a specialized client base.
      • Provides clients information related to BNY Mellon products and services representing a limited number of lines of business and geographies and directs them to the appropriate resources, as needed.
      • Leverages a general understanding of broader BNY Mellon services and offerings.
      • Monitors client inquiries and appropriately escalates non-routine or complex issues to the appropriate team member, as needed.
      • Tracks and follows up on open items and activities to accurate completion.
      • Participates in internal activities and initiatives designed to improve the client experience.
      • Supports a selected number of client accounts of limited complexity.
      • Involvement in technology projects and enhancements related to our collateral infrastructure.
      • Contributing to on-going projects, testing and continuous process improvement.
      • Participates in the onboarding of new clients and new business.
      • No direct reports.

        • Bachelor's degree or the equivalent combination of education and experience is required.
        • Up to three (0-3) years of total work experience is preferred.
        • Experience in an operational area and/or client services is preferred.
        • Experience and knowledge in derivatives, reconciliations, brokerage, trade, settlements and cash processing are all skills transferrable to this role but not a barrier to entry as on-the-job product training will be available.
        • Process-mindset and an interest in solving complex problems, performing reconciliations, and finding ways to make processes better.
        • Interest in advancing technical knowledge specific to derivative and collateral product knowledge.
        • Ability to effectively prioritize and execute tasks in high-pressure environment.

          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.

Keywords: Bank of New York Mellon, Orlando , Collateral Operations Analyst, Professions , Orlando, Florida

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