BNY Mellon Careers

Process Accounting Manager II - Derivatives & Global Markets

New York, New York

Job Description

This Process Accounting Manager II – Derivatives & Global Markets position will assist with the oversight of all accounting and product control functions related to BNYM’s F/X trading activities.  This individual will work closely with all groups supporting the F/X business including front office, risk, technology and operations.  This individual will gain an in depth understanding of the F/X trading business and all related accounting and reporting processes.  Responsibilities of the group include preparation of daily trading P&L reports, P&L attribution, independent price validation, and SEC and regulatory disclosures.    Through indepth accounting and process knowledge, the Process Accounting Manager II - Derivatives & Global Markets is accountable to execute through effective, efficient Sarbanes-Oxley, regulatory compliant finance processes, in accordance with local and consolidated GAAP, useable, accurate and timely financial information from the point of transaction through financial close and finally to external reporting, which includes SEC, bankwide and/or local regulatory reports and board of director reports.  This individual will upkeep complex accounting processes, from a global and local perspective, required to transform data into information for reporting purposes with a specialized focus on derivatives and global market products.  As such, the individual may review workpapers and documentations and provide guidance and provide guidance on the documentation or development and improvement of accounting processes.   This individual is vital in sustaining the integrity of the accounting process that s/he is responsible for supporting. S/he is a key resource and will play a lead role in the addressing complex accounting matters associated with the process, design, build, and implementation activities to develop common end-state financial and accounting processes. The individual will utilize their accounting proficiency in exception management and continuous improvement activities. S/he will be familiar with the process standards established globally, regionally and locally, while ensuring compliance with the standards. S/he will also be able to recognize impacts of their accounting processes to external reporting; such as press releases, 10Q/K and other SEC filings, in addition to regulatory filings.  The individual will also participate and/or lead in adhoc assignments and projects.   The Process Accounting Manager I - Derivatives & Global Markets will work closely with the global process owners End to End (E2E), Functional Process Owners (FPOs), and Discrete Process Owners (DPOs).  The individual  may also interact with senior management such as the Corporate Controller and Regional Controllers.  In addition, the individual will coach and mentor peers and less experienced team members to perform their roles effectively.  S/he may take part in rotating assignments within the regional or global service center which cross accounting function associated with lines of business, legal entities and geographies to deepen their already strong understanding of the various BNYM lines of business, and the unique attributes of the legal entity, regulatory, and in-country requirements.


Minimum Education:  Bachelor's degree in finance or accounting or equivalent work experience.  Preferred Education:  Varies by region: In US - MBA, CPA CA (Chartered Accountant), C.A/ AICWA (AICWA is Associate Institute of Cost and Works Accountants of India), EMEA ¿ qualified Accountant.  Minimum Experience:  14+ years of general accounting experience in a complex global environment.  Preferred Experience:  4-7 years of accounting experience in financial services (mix of public accounting in the U.S.).  Significant experience in a product control function related to F/X and or derivative trading products including knowledge of related accounting subledger systems.  Significant shared services experience preferably, in a complex global accounting environment.  Demonstrated capability to understand accounting outcomes and explain accounting treatment, utilizing excellent English language skills.  PeopleSoft or other enterprise systems experience preferred.  Minimum Language Skills:  Strong written and oral communications skills in English.  Other:  Certified Public Accountant (CPA) or equivalent certification issued by local area professional licensing body.


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:

Finance helps our internal clients outperform over time. At BNY Mellon, Finance serves our internal clients by providing world-class accounting operations and control and decision support while instituting world-class change management. Global Procurement is responsible for establishing the programs to acquire products and services for BNY Mellon by employing deep category knowledge and commodity expertise, coupled with an understanding of the needs of our businesses and business partner groups. The Corporate Treasury group is responsible for managing the investment portfolios and the liquidity and capital positions of the various subsidiary banks and of BNY Mellon.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York
Internal Jobcode: 32596
Job: Finance/Accounting
Organization: Finance-HR06599
Requisition Number: 1800499