BNY Mellon Careers

Newton - Global Multi-Asset and Derivatives Dealer

London, United Kingdom
Asset Management

Job Description

Company Overview:

Newton Investment Management Limited is an active investment management firm, using thematic ideas about the long-term investment landscape to create and manage strategies that help secure clients’ futures. Newton thinks on a global basis, with its single London-based investment team working collaboratively across asset classes and regions. The firm builds bold solutions, designed to meet the real-world challenges clients face, and the team manage them responsibly in the broadest sense – through embedding environmental, social and governance considerations, and engaging on issues that affect their clients. Those clients are based around the world, and include pension funds, corporations and charities and, via Newton’s parent company BNY Mellon, individuals.

With offices in London and New York, Newton has £46.7bn (as at 31 December 2018) under management. News and other information about Newton is available at and via Twitter: @NewtonIM

Newton employees are bright, inquisitive, thoughtful and collaborative. They are highly motivated to deliver performance and service to clients. Newton prides itself on being an employer of choice, with a flexible working environment and a commitment to diversity and opportunity among its employees.

Newton is a professional, friendly and collegiate place to work. The firm looks to attract individuals who are keen to work as part of a team, in a meritocratic environment, and who are driven to help make the organisation a great place to work.  

Job Purpose:

To execute orders in Equity, Fixed Income, Foreign Exchange and Derivatives thereof, generated by the company’s Portfolio Managers and ensuring ‘best execution’ following FCA/ESMA regulatory standards, Newton’s Order Execution Policy, Newton Risk & Compliance Manual and Newton Dealing internal policies and procedures.

Key Responsibilities:

- To provide ‘best execution’ for all orders across global markets in Equity, Fixed Income, Foreign Exchange and Derivatives thereof.
- To manage all orders with a particular focus on market impact and timing of transactions.
- Be able to demonstrate natural leadership and an ability to deputise for the Head of Dealing when required.
- Be able to analyse, process and interpret large trading data sets unsing quantitative/statistical skills to improve the dealing process.
- Monitor executions day to day in real time as part of main fiduciary duties.
- To advise/update Portfolio Managers on current order progress, interacting face to face as much as possible.
- Provide market information and activity to Portfolio Managers and all areas of the business where necessary.
- To discuss possible trading ideas and strategies with Portfolio Managers.
- To maintain strong relationships with external counterparties and improve business flexibility.
- To assist in IT development for Dealing and improve the usability of dealing related software.
- Maintain competency on all trading platforms and all aspects of evolving market structure and methods of execution
- To maintain a high level of compliance awareness in all aspects of trading and adhere to Newton Risk & - Compliance policies with particular emphasis on TCF and Conflicts of Interest.
- To represent Newton Investment Management in the market place.
- To maintain internal relationships and provide support to the wider Newton community in respect to any dealing related queries.
 Liaise with the Newton Operations department to assist in the transaction settlement process and problem solving.
- Regularly review the Newton Dealing Procedures Manual and keep abreast of changes to this and other dealing related policies.
- Challenge and upgrade current processes and procedures whist adding new ideas and initiatives to the team debate.
- Attend relevant industry conferences and counterparty led seminars to keep updated on market and regulatory developments.
- Keep CPD log up to date throughout the year.
- Raise profile of the Newton Dealing Team.
- Support and assist the Head of Dealing when necessary.

Generic Responsibilities:

TCF, Regulatory and Compliance Responsibilities:
• Be aware, maintain knowledge and adhere to the relevant regulatory and legal obligation of the function managed, including local and wider group policies. This should include an understanding, and the appropriate application, of the FCA requirements, the Six Consumer Outcomes and Newton’s TCF commitments. Report any suspected breaches to the Compliance or Legal departments, as appropriate immediately on discovery.

Risk Management:
• Monitor, document and report business risks and internal controls of the function managed, alerting Senior Management immediately of any significant changes.
• Provide accurate and appropriate management information to Senior Management.
Business Continuity
• Maintaining and test a current and effective continuity plan to ensure an appropriate response to any disruption to systems, information services, communications and office facilities.

Staff (if appropriate)
• Provide clear direction and leadership to teams managed.
• Set professional example to staff.
• Support and encourages staff development, objective setting and appraisal.
• Ensure adequate succession plans are in place for the functions managed.

Financial (if appropriate)
• Manage any delegated budget in a manner that will best serve Newton’s best interests.
• Provide the Finance Department with monthly tracking and projection information.

BNY Mellon Generic Staff Responsibilities:
• Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon
• Alert management including the Chief Risk Officer and / or the EMEA Chief Risk Officer immediately of any significant changes to business risks and internal control effectiveness.
• Notify management and/or the Chief Compliance and Ethics Officer and Head of International Compliance immediately on discovery of any material regulatory breach.
• Comply with all Security and Health & Safety policies and procedures operating within the business.



Shared Values, Corporate Goals and Core Competencies:


1. Client Focus – demonstrates clear understanding of importance of effective customer service, internally and externally.
2. Trust - evidences high standards of integrity and openness.
3. Teamwork – demonstrates ability to work effectively as a member of a team, a collaborative style, and understands the value of diversity.
4. Outperformance – evidences the ability to exceed expectations of others.

Corporate Goals:-

1. Brand: Demonstrate the behaviours that power the BNY Mellon brand: Help clients succeed; Connect the dots; and Deliver excellence.
2. Inclusion: Demonstrate support for BNY Mellon’s efforts to promote diversity and create an inclusive and respectful workplace environment, advancing diversity in the management ranks of the company through hiring processes, and/or the development of diverse talent.
4. Managing Risk: Adhere fully to the company's Risk Culture Principles (as provided in Company Policy No. I-G-010 Risk Management Framework available on MySource), as they apply to the job responsibilities.
5. Compliance & Ethics: Adhere fully to the statutes, regulations, company policies and ethical standards applicable to the job responsibilities by acting with integrity at all times.

Role Type: Managing Self
Core Competencies:

1. Global Acumen - Developing and incorporating an understanding of the competitive global business environment as well as an awareness of economic, social and political trends that impact the organization’s global strategy.
2. Establishing Strategic Direction - Establishing and committing to a long-range course of action to accomplish a long-range goal or vision after analyzing factual information and assumptions taking into consideration resources, constraints and organizational values.
3. Developing Strategic Relationships - Using appropriate interpersonal styles and communication methods to influence, collaborate and build effective relationships with business partners (e.g., peers, functional partners, external vendors and alliance partners).
4. Building Organisational Talent - Attracting, developing and retaining talented individuals. Providing timely coaching, guidance and feedback to help others maximize their potential and meet key accountabilities. Using appropriate methods and interpersonal styles to develop motivate and guide a team toward successful outcomes and attainment of business objectives.
5. Change Leadership - Continuously seeking (or encouraging others to seek) opportunities for different and innovative approaches to addressing organizational problems and opportunities.
6. Client Orientation - Cultivating strategic client relationships and ensuring that the client perspective is the driving force behind all value-added business activities.
7. Driving Execution - Translating strategy into operational reality. Breaking down strategic priorities or business initiatives into key tasks and identifying accountabilities. Aligning communication, people, culture, processes, resources and systems to ensure effective implementation and delivery of required results.

Refer to the BNY Mellon Competency Framework for details of the specific behaviours skills to be demonstrated for each competency.

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater London-London
Job: Asset Management
Internal Jobcode: 51545
Organization: Newton-HR06148
Requisition Number: 1818818