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Sr Analyst, Fund/ClientAccting - ETF
Fund/Client Accounting - IC2
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.
Conducts accounting services on behalf of assigned clients and moderately complex funds including determining net asset values, calculating fund performance, allocating expenses and preparing reports. Performs Fund/Client Accounting responsibilities in the areas of driving Service Improvement plans, targeting efficiencies, enhancing processes and specialist review functions. Checks the work of more junior team members. Responsible for cash and asset reconciliations related to more intricate accounts or transactions within assigned funds. Performs reconciliation of account expenses for more complex transactions and ensures they are allocated appropriately. Escalates atypical transactions to senior team members. Drafts reports for clients regarding the performance of funds. May reviews first draft reports completed by more junior staff. Interacts with clients in answering questions regarding fund reports and accounting processes. No direct reports but may provide guidance to less experienced team members. May have people management responsibilities in some geographies. Contributes to the achievement of team objectives.
QualificationsBachelors degree in accounting or the equivalent combination of education and experience is required. 3-5 years of total work experience preferred. Big 4 accounting firm experience preferred.
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.
Client Service Delivery (CSD) brings together BNY Mellon's key operational areas into one global team to better support the company's businesses and serve clients around the world. CSD helps clients to conduct business, service assets, and engage in transactions in 35 countries and more than 100 markets. At every stage of the investments lifecycle - creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets - CSD is working to make BNY Mellon the recognized industry service quality and productivity leader. Client Service Delivery manages investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.
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: 70509
Job: Asset Servicing
Organization: Structured Funds-HR13245
Requisition Number: 1800593