Lead Representative Specialist, Fund/Client Accounting

BNY Mellon
Manchester, Lancashire, UK
Not disclosed
30 Nov 2021
02 Dec 2021
Contract type
Full time
Experience level
Qualified accountant

Job Description

Department/Team overview:

Non Standard Reconciliations team function is to ensure non-standard asset class reconciliations have been completed accurately and Non Standard Asset life cycle event accounting has been posted correctly to the funds in accordance with deadlines and frequencies agreed with Recipient’s Valuations production team. The scope of instruments serviced by the team includes, but is not limited to Futures, Options, FX Forwards, Collateral, Bank Loans, Fund of Funds and Reclaims

Your role:

This role involves organising the workflow, training and development and management of a team and supporting the Global Fund Accounting Support Services Team.

The Supervisor is responsible for ensuring the timely review of all Futures, Options, Forwards, Collateral and cash reconciliations against intraday deadlines adhering to the Bank’s best practices, departmental procedures & objectives.

The Supervisor understands the processes, controls, procedures and systems operating within the team and will be proficient in carrying out designated functions and performs duties to a high standard, ensuring accurate and timely services to other teams and clients

The job holder is responsible for timely and accurate reconciliation of the asset & exchange traded derivative positions for client’s collective investment portfolios.

The role offers a variety of duties and responsibilities including exposure to and reconciliation of complex market instruments and their associated trading, corporate action, dividend, interest, expense, derivative payment activities amongst others.

Investigating and resolving queries through the use of internal & external systems with liaison with both internal & external parties.

Key areas of responsibility are:

  • Produce asset & exchange traded derivative reconciliations for collective investment vehicles ensuring timely and accurate delivery to agreed timetables and SLA standards and ensuring compliance with appropriate Reconciliation standards
  • Core work includes reconciling accounting and custody positional & transactional movements using internal systems, collation of supporting documentation
  • Liaison with appropriate external and internal parties to resolve reconciliation discrepancies.
  • Be aware of the risks of team operations and deliverables and ensure required controls maintained and procedures complied with
  • Act as escalation point & liaise with appropriate external and internal parties to resolve reconciliation discrepancies.
  • Be aware of the risks of team operations and deliverables and ensure required controls maintained and procedures complied with
  • Delivering Training, identifying training & development needs in others & coordinating training
  • Supporting the team Manager with successful management of the team and delivering of department strategy
  • Other project work and ad-hoc tasks as required

As a successful candidate you will be given opportunity to acquire and develop knowledge from related fields

  • Investment fund administration,
  • Reconciliation process,
  • Financial instruments, including derivatives,
  • Business process automation
  • Problem Solving skills
  • Computer Literate and Good level of Excel Skills and ability to adapt to new systems
  • Strong numeracy understanding
  • Attention to Detail
  • Adaptable in a fast paced environment
  • Good Communication skills – both written & verbal
  • Proven Organisation & Time Management skills and an ability to prioritise and meet deadlines in a pressurised environment
  • Conscientious in approach and able to work proactively
  • Supervisory Skills

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.

For further information, and to apply, please visit our website via the “Apply” button below.

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