Oversight Administrator - Fund Accounting (Job Number:
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.
BNY Mellon Asset Servicing assists clients worldwide to enhance the management, administration and oversight of their entire investment process by giving them the tools and information they need to make better decisions.
Responsible for the oversight of business exceptions generated by UK Fund Accounting, Valuations teams in Manchester.
To have oversight of our Business Exceptions, highlighting, recording and monitoring outstanding issues until resolved. Providing reporting on these issues to our Management teams.
A point of contact for our Trustees & Control team (Brentwood), providing reporting requirements, logging their enquiries onto our enquiry management system and monitoring these until resolution.
Oversight of Cash & Asset Exceptions
All breaks > 6 days to be fully analysed, independent narration added & appropriate back up saved.
Breaks reviewed with valuations administrators, confirming status, providing guidance as required. Progression to resolution monitored closely.
Management Reporting of Cash & Asset Exceptions
Produce daily reporting on > 6 day plus Cash & Asset breaks, used across the business as a basis for discussion at the weekly managerial review meetings. Reported items to have independent oversight narration.
Oversight of the Balance Sheet
Balance sheet reviews performed as scheduled, highlighting exceptions on balance sheet positions or outstanding transactions .
Oversight of Offshore Reconciliations team
Underlying issues highlighted by our Cash & Asset oversight work to be documented to allow these to be taken forward at the weekly status update meeting, held with the reconciliations team.
Late Trade Register
Daily creation & review of a daily record of late trades > 1bp, processed to our funds more than 1 day late. Obtaining sign off from the valuations management teams.
Published Price Check Review
Daily check performed to ensure prices disseminated by the business have been accurately published as appropriate for the client. Highlighting any discrepancies to our Clients.
Tax Reclaim Reconciliation
Monthly reconciliation of overseas tax reclaims, carried out between our Custody and Invest One records. Discrepancies identified analysed and taken forward with the appropriate area for resolution.
InvestOne R092 / R130 Imbalance Check
An imbalance review performed monthly, once the trustee valuation packs have been produced and distributed for the month. A report of all discrepancies to be produced for onward transmission to our Project & Technical team & RBS Trustees.
Point of Contact for Trustees & Control Team
Provide a professional, knowledgeable, point of contact.
Enquiries received analysed for impact, logged and monitored until resolved.
Produce and send ad hoc & scheduled reporting requests, driven by all aspects of the Trustee monitoring role.
Candidate should be able to demonstrate the following skills, knowledge and behaviours:
- Strong Analytical skills
- Strong working knowledge of the N.A.V production process
- Good understanding of the Business Working Models within BNYM
- Good knowledge of the Asset Servicing Business
- Good PC Skills & BNYM System Knowledge
- Attention to detail.
- Excellent communication skills both written and verbal.
- Strong client service ethic.
9am to 5pm
This role does not fall under the FSA T&C Scheme but the post holder should be prepared to complete the Investment
Administration Qualification within 2 years of appointment.
United Kingdom-United Kingdom-Greater Manchester-Manchester
Global Client Service Delivery-HR06406
- 11 months ago