BNY Mellon Careers

Intermediate Representative, ETF Fund Admin - Lake Mary, FL

Lake Mary, Florida
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 Administration - S3 Supports operational fund administration activities for funds with more intricate portfolio assets including processing transactions, tracking data, and compliance monitoring. Coordinates fund administration activities with internal partners. Assists with conducting fund expense budgeting. May make simple to moderately complex general ledger entries. Prepares fund expense invoices for clients. Processes debt service payments and cash and trade transactions for more complex funds. Checks work of more junior colleagues. Tracks fund data and monitors compliance with all regulatory, BNY Mellon and client specifications. Investigates and corrects fund errors. Escalates issues to senior team members. Collects and summarizes fund data for basic to moderately complex portfolios to assist with preparation of fund prospectuses. Assists with the maintenance of process flows documentation, administrative summaries and standard operating procedures. No direct reports. Provides guidance to less experienced team members, as needed. Responsible for the quality and completion of own work.

Qualifications

Associates degree or the equivalent combination of education and experience is required. Bachelors degree preferred. 2-3 years of total work experience preferred. Experience in accounting or fund administration preferred.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.


Primary Location: United States-Florida-Lake Mary
Internal Jobcode: 70487
Job: Asset Servicing
Organization: Structured Funds-HR13245
Requisition Number: 1817552