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Newton, Transitions Co-ordinator, Business Administration
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 £55bn (as at 30 September 2017) under management, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon. News and other information about Newton is available at www.newton.co.uk 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.
As an integral part of the Newton Business Administration team, this role is to provide an operations-focused transitions service – working with Client Services and Investment Operations to ensure operational readiness for transition date and the related update of Newton accounting records. Offers a variety of mainly custody-related tasks in support of Investment Operations. Ensures that all allocated work and incoming issues are dealt with without risk to the company, in an efficient manner and to the satisfaction of all internal and external clients.
Undertake the day-to-day work of the Transitions function within the Business Administration team. Contribute to the maintenance of effective checklists and procedure documents and demonstrate a continuous process improvement approach.
Undertake the operational transition service for all transition types (new business, lost business, custody transfers and In Specie Transfers) across the Newton client base.
Work closely with the Client Services and other departments in Newton to ensure all transitions are completed in line with client requirements and deadlines. Ensure operational readiness and update of the Newton accounting records (QUASAR) on transition date.
Build and maintain relationships with external providers, such as custodians and administrators.
Co-ordinate the implementation and monitoring of the Newton ‘Transition Control’ process.
Raise, check and authorise transition-related QUASAR stock and cash transaction instructions.
Undertake other transition-related support tasks, projects and query handling.
Maintain custody-related operational records e.g., Authorised Signature Mandate, Standing Instruction records, Non-Standard Process records.
Provide a central contact point for custodian contact where needed e.g., act as custody proprietary system administrator, co-ordinate resolution of Investment Operations-wide custody related issues.
Contribute to the oversight of any Transitions related task that is being performed by a Provider (Outsource Provider, Service Provider or Shared Services group). This includes undertaking the task during business continuity events or tests.
Represent the Transitions function in meetings (internal and external) when required and demonstrate effective relationships with other Newton and BNYM areas.
Produce Management Information and Compliance reporting (and ad hoc reporting to any other business area) for the Transitions function to the required standard and within the appropriate timeframes e.g., monthly management sign-off packs, team statistics and trend analysis. Provide input into audit and control processes (internal and external auditors of Newton) on behalf of the team.
Provide support to the Business Administration Manager, and the wider Operations management team.
- Experience in a similar function within and asset management or asset servicing environment.
Must have change or project management experience, with ability to handle and effectively manage. cyclical activity volumes and changing priorities.
Knowledge of trade and investment life-cycle.
Proficient knowledge of Microsoft applications.
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.
As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.
BNY Mellon is an Equal Employment Opportunity Employer.
Primary Location: United Kingdom-Greater London-London
Job: Asset Management
Internal Jobcode: 51629
Requisition Number: 1800562