Senior Collateral Specialist

Who We Are

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity.

BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:

• Managing the custody of approximately $37 trillion financial assets of the world's leading institutional investors, hedge funds, sovereign wealth funds, and corporates
• Investing approximately $2 trillion as one of the largest global asset managers across a wide range of asset classes
• Providing collateral, liquidity, and funding for the world's largest banks through our markets franchise
• Serving family offices and high net worth individuals through our wealth management franchise
• Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and '40 Act fund managers, registered investment advisor firms and wealth managers
• Advising large global corporations on a range of trust and other solutions
• Providing integrated managed data services to asset managers

What We Do

Collateral Operations Group Overview and Team Functions

The Collateral Operations group is a global team within the Global Operations & Technology division of BNY Mellon responsible for supporting our clients' collateral and portfolio reconciliations processes. Our clients include pension funds, endowments, mutual funds, hedge funds and other financial institutions using derivatives to manage their financial risks. We provide processing, inquiry and general support for our clients while working to improve and automate transaction processing systems. We are a center of excellence maximizing specific knowledge around the collateralization of complex derivative products, including swaps, options, forwards, and futures.

Senior Collateral Specialist Role Overview

Provides critical daily support of collateral management functions, interacting with clients and internal groups to ensure margin processing is completed by required deadlines. Additionally, perform key investigation, reconciliation, and settlement functions for the Principal Collateral business.

Role-Specific Responsibilities

As a Senior Collateral Specialist, your responsibilities will include:

• Support daily collateral management functions for the Bank's derivatives portfolio, interacting with clients to manage exposure and address client needs.
• Managing collateral deliveries and receipts, ensuring movements are properly settled.
• Interacting with various internal teams to investigate issues for reporting and escalation purposes.
• Interacting with internal and external auditors.
• Multitasking and prioritizing daily tasks and deliverables
• Partnering with senior colleagues to identify, develop and implement process changes
• Contributing to team objectives
• Escalating issues timely and effectively

Standard Job Responsibilities

• Provides complex analytics and reporting services, working to improve and automate Client Processing systems.
• Deals with complex external client issues (on-going client servicing for various programs, post sales support, resolving operational issues, and product implementations).
• May allocate/coordinate work within a team/project.
• Assists in communicating needs and issues with internal and external clients.
• Participates in innovative product development, product enhancement, and system testing to ensure that products continue to accurately and efficiently process high value transactions.
• Solves complex problems based on an understanding and knowledge of the intricacies of the system.
• Uses in-depth area knowledge to apply ingenuity and creativity to common repeat problems and determines more permanent resolutions.
• Provides technical assistance and support to lower-level client processing roles.
• Contributes to the achievement of team objectives.

Qualifications

• Bachelor's degree or the equivalent combination of education and experience is required.
• Five to seven (5-7) years of total work experience is preferred.
• Experience in derivatives processing is preferred.
• Experience in margin processing, settlements and cash processing as well as position reconciliations are all skills transferrable to this role is preferred.
• Experience with Derivative Collateral Management is preferred.