Derivatives Ops Specialist I Job
Derivatives Ops Specialist I (Job Number: 1315720)
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com .
Global Operations is a client-service-driven organization whose talented and engaged team is dedicated to providing the most competitive services with the highest standards of ethics, quality and efficiency to our clients worldwide.
Description
The downtown Syracuse, New York location of BNYMellon is seeking qualified candidates for the position of Derivatives Ops Specialist I in the Syracuse Derivatives Group of Asset Servicing's Global Operations. The incumbent is responsible for the timely and accurate processing of all Exchange Traded (ETD) and Over the Counter (OTC) derivative related activity within our Derivatives Services Group (DSG). This transaction activity includes Swaps, Futures, Options, Cash, Forward FX, and respective Collateral. He / She will provide professional support to both internal and external end clients, including Investment Managers, Brokers, CARS, Custody and Outsourcing Accounting Teams. The incumbent will be responsible for validating instructions and conducting related transaction processing for both custody and /back-office clients across all related derivative products. He/She will conduct research and obtain all information required to post the transactions to the custody and accounting systems, and coordinate with the accounting teams to ensure accurate client valuations and reporting. The incumbent will post activity related to derivative collateral holdings, including income collections, PI and maturities. The ETD support requires detailed position and market value reconciliations between the Investment Manager provided instruction and Future Clearing Merchant Brokers statements. The OTC swap responsibilities include trade processing and security setup, rate reset maintenance, and interest accrual functions. The ETD/OTC Options support includes security setup and processing using custom codes to indicate option type. Both ETD/OTC products, including collateral, require working across business lines to ensure timely and accurate cash and security settlement, pricing, and accounting valuations. The incumbent works closely with internal operations areas including IDS, Accounting, ISS, Security Lending, Global and Domestic Settlements, Mutual Funds Custody, Client Service, Investment Manager Relations, Complex Securities, and Transmission Support Units, as well as directly with the client, investment manager and broker. The incumbent utilizes intra-day and end-of-day control tools and reports, ensuring all activity is accurate and complete. He / She is responsible for the monitoring of fails and overdrafts, and will work to resolve outstanding exceptions timely, and escalate issues as necessary. The incumbent will provide supporting work documentation for all internal quality checks, external reconcilements and industry audits. He / She will assist other team members during high-volume periods, and will report to the Derivative Operations Supervisor.
Qualifications
- Bachelor's Degree with a concentration in Business, Finance, Accounting or applicable work experience.
- Prior experience with derivative financial instruments a plus.
- Must exhibit excellent PC Skills, with a high level of proficiency in Excel, strong organizational skills and strong communication skills (both written and oral).
- Ability to manage multiple tasks, pay attention to details and work under pressure while meeting deadlines, and work both independently and in a team environment is required.
Primary Location: Syracuse, NY, US
Internal Jobcode: 07651
Job: Asset Servicing
Organization: Global Securities Ops-HR06423
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