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.
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: MOCSD Service Delivery-HR17225
Requisition Number: 1814034