BNY Mellon Careers

Lead Manager, Reconciliation

Liverpool, United Kingdom

Job Description


Role Synopsis and Required Skills and Attributes

Responsible for the performance of reconciliations of stock and cash accounts in accordance with Regulatory requirements. The team is located and Liverpool and Chennai.

• Proven understanding of operational risk and control processes’ identification and escalation

• Proven experience  of working with External Audit, Internal Audit, Risk, Compliance and Regulatory bodies

• Sound understanding of FCA CASS and CBI CAR rules required.

• Strong operational experience essential

• Experience in control and oversight of stock and cash accounts reconciliations preferred.

• Proven understanding of the importance of tight controls. A good working knowledge of Pershing and its market place. General knowledge of banking processes. Awareness of compliance to FCA regulations

• Experience in the collation and provision of  management information to facilitate reviews of key performance and risk indicators, departmental budgets and planning

• People management in a global organisation preferred


Description and Position Summary

Strong focus on Client Asset Protection Regulations.

Leads a medium to large team responsible for small-scale projects with activities that include daily reconciliations, identifying system issues and making adjustments correctly.

Supports the development of procedures and processes for the Reconciliation function within the business unit. Resolves complex or serious issues escalated by the team.

Supports the implementation of new system enhancements.  Participates in the development of new enhancements and initiatives.

Leverages a complete understanding of tools to identify complex breaks. Synthesizes and analyses team reporting of daily, weekly and monthly suspense and depository reconciliations. Leads regulatory reporting for medium to large sized team.

Partners with supervisors and managers of other groups in the firm to assess issues and strategize improvements.

Supports the implementation of new technology solutions or improvements for new and existing business needs. Monitors and reviews feedback to ensure new solutions are meeting business needs.

Recruits, directs, motivates and develops staff, maximizing their individual contributions, their professional growth and their ability to function effectively with their colleagues as a team.

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 & 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:

Pershing provides critical business process, financial and technology solutions for financial organizations around the globe. We operate behind the scenes to power transformational change for broker-dealers, registered investment advisors, independent financial advisers, hedge fund and '40 Act fund managers and individual investors. We strive to be innovators, developing open architecture technology and financial solutions to support our customers' growth. We advocate on behalf of our customers and help them respond to regulatory reform and drive positive outcomes for our industry and investors. From our core business as an industry-leading trade execution, clearing and custody provider, we have evolved into a global multifaceted firm that provides investment solutions, forward-thinking technology-driven efficiencies, practice management and service excellence.

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Merseyside-Liverpool
Job: Operations
Internal Jobcode: 70565
Organization: Pershing-HR06431
Requisition Number: 1716005