BNY Mellon Careers

Senior Representative, Fund/Client Accounting - ETF Brooklyn, NY

Brooklyn, New York
Asset Servicing


Job Description

This Exchange Traded Fund (ETF) Basket Services role is a key component of the Fund/ Client Accounting workflow, supporting trade processes, data management, and client reporting. This individual will work closely with BNY Mellon’s appointed Sponsors, Middle/ Back Office departments, Fund Accounting counterparts, The Depository Trust Company (DTC)/ National Securities Clearing Corporation (NSCC), counterparty Brokers/ Authorized Participants, Fund Auditors, Data Providers and Exchanges. Responsibilities of the role include: creating and disseminating daily ETF baskets, uploading various indexes or portfolio holdings, applying projected corporate actions, calculating cash components, performing variance reviews/ identifying tolerance breaches, generating various reports for the next business day’s market open and addressing any basket related inquires. This role is responsible for monitoring the complete lifecycle of an order, as creation/ redemptions within a fund require oversight of the trade settlement with the Authorized Participants (AP), along with the coordination of money movements. Custody related functions such as income collection, corporate action processing, payment of expenses/ fees, FX processing, short term cash reinvestment management and real-time securities/ cash reporting, are also performed within this role.

 

Fund/Client Accounting - S4 Serves as a lead for the day-to-day operations of a small fund accounting support team, providing work direction and technical assistance on complex matters. Helps to lead the day-to-day accounting and net asset value (NAV) production functions (including NAV construction & validation, NAV review, dissemination and reporting activities) for more complex funds. Assists in reviewing data and assists in resolving escalated problems that may arise during the normal daily, weekly or monthly accounting and reporting. Tracks data and maintains accounting records for funds of higher complexity in accordance with department policies and procedures. Assists in establishing data maintenance and summarization processes to improve team efficiency and best support the accounting team. Assists in leading team in preparing system-generated reports. Coordinates review of reports and the sharing of reports with accounting teams. Reviews work of junior team members. Regularly works with client staff to exchange information with respect to cash, accounting, and reporting of daily and monthly client activities and initiatives. Communicates data needs and answers client questions. Assists in identifying and implementing process improvements to reduce audit and financial exposure and improve team efficiency. No direct reports;; may have work allocation and team lead responsibilities . Supports the achievement of team objectives.

Qualifications

Bachelor's degree in accounting or the equivalent combination of education and experience is required. 3-5 years of total work experience preferred;; experience in accounting support preferred.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.


Primary Location: United States-New York-Brooklyn
Internal Jobcode: 70512
Job: Asset Servicing
Organization: Structured Funds-HR13245
Requisition Number: 1812674