Senior Associate, Middle Office Team Lead

Overview

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Senior Associate to join our Middle Office team. This role is located in Singapore, HYBRID.

In this role, you'll make an impact in the following ways:

• Manages the daily activities of a Middle Office support team servicing multiple funds and aligns team resources accordingly to complete the daily tasks. Oversees review of data and issue escalations. Serves as first line supervisor for assignment of tasks and resolution of issues.
• Responsible for overseeing quality control of processing, work allocation and workflow of a Middle Office team and outsourced functions in accordance with SLD.
• Reviews and approves work conducted by more junior levels in accordance with function policies and procedures. Performs analysis and research on the most complex transactions and identifies solutions to complex inquiries.
• Ensures the volume of work produced meets product/service standards and exceeds quality standards, and is properly reviewed and documented. Responsible for ensuring error reports are in compliance with service level agreements. Manages escalation and correction of errors.
• Serves as subject matter expert and conducts research to gather information on the most complex, multi-faceted transactions and provides answers to complex inquiries that have been escalated by lower levels.
• Responsible for the most complex reconciliations analysis (cash, asset, & market value), break assignment, and resolution of reconciliation breaks.
• Provides oversight on review of exceptions, ensuring all internal, external, and regulatory procedures were followed.
• Exercises own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions.
• Directs, motivates and develops staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team.
• Provides product knowledge and technical assistance on moderately complex problems. Acts as the team's initial point of contact for issues requiring escalation.
• May also participate in monthly end-client statement workflow, ad hoc reporting, and incident management.
• Identifies, resolves and escalates any issues that affect the accuracy of the Investment Book of Record (IBOR) within the team. Provides guidance to less experienced team members. Is able to act as a SME within incident management.
• Regularly interacts with clients in answering questions and resolving multifaceted inquiries for complex transactions.
• Instructs, assigns, directs and reviews the work of team members; prepares performance reviews and provides ongoing feedback to staff.
• Helps develop and contribute to the achievement of team objectives.
  

To be successful in this role, we're seeking the following:

• Bachelors degree in finance or the equivalent combination of education and experience is required.
• 5-7 years of total relevant work experience preferred.

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023-2024
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

Employer Description:

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 and 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.

Location: Singapore, SG

Posted Date: 11/3/2024