Derivatives Collateral Dispute Servicing Analyst Job
Derivatives Collateral Dispute Servicing Analyst (Job Number: 1309453)
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at www.bnymellon.com.
BNY Mellon Asset Servicing is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing the management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
Description
The incumbent is responsible for assisting the resolution of valuation discrepancies raised by the Collateral Management team or the Portfolio Reconciliation team (value/position of OTC Derivatives). This involves engaging the Counterparty to investigate and help resolve the query, reporting progress back to the relevant team. Where required this may involve instigation of conference calls between internal and external teams/counterparties. Additionally, the incumbent is expected to maintain a database of queries, tracking action taken and ensuring follow ups are undertaken. The role also requires monitoring of collateral delivered out for income payments and assisting the substitution process for collateral.
The incumbent is expected to investigate to resolution breaks raised by Collateral Management or Portfolio Reconciliation teams. Incumbent must take pro-active approach to request, and chair conference calls with appropriate parties to resolve queries where needed. As the incumbent is expected to respond to queries from the client, there is a direct impact on the client relationship as well as the relationship of the Derivatives Services Group with other internal departments, in addition to market counterparties. Broad knowledge of Collateral Management process, as well as an understanding of income on equities.
Qualifications
A Bachelor's degree in Business, Finance, or Accounting or equivalent work experience in investments or banking is required. A Derivatives background is preferred. Minimum of 2 to 3 years combined experience as a Derivative Operations Specialist l and / or Specialist II, or similar related work experience required, 4 to 5 years preferred. Strong customer service and communication skills are required. Knowledge and understanding of the derivatives industry, the players, foreign exchange markets, and settlement practices in domestic and foreign markets is required. Ability to work in a team environment, or individually, and deal effectively with all levels of staff is essential.
Primary Location: United States-USA-Florida-Orlando
Internal Jobcode: 07685
Job: Asset Servicing
Organization: US Financial Institutions-HR09086
Leave a Reply
You must be logged in to post a comment.