BNY Mellon Careers

Sr Rep, CollateralMgmt/Margins

Pittsburgh, Pennsylvania
Asset Servicing


Job Description

Collateral Management - S4 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 fulfillment of role requirements but also include providing training and guidance to entry level staff. Focus is on medium-sized, complex accounts.

Qualifications

High school/secondary school or the equivalent combination of education and experience is required. Bachelors 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.

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: bnymellon.com/careers.

BNY Mellon's Asset Servicing business is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.

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


Primary Location: United States-Pennsylvania-Pittsburgh
Internal Jobcode: 70443
Job: Asset Servicing
Organization: ASSET SERVG MIDDLE OFFICE SOL-HR12330
Requisition Number: 1806385