Overview
~Vice President, Mandate Monitoring Analyst~ (Hybrid)
Bring your ideas. Make history.
BNY offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.
With over 238 years of rich history and industry firsts, BNY has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of VP to join our Mandate Monitoring team. This role is located in Boston, MA and is a hybrid position.
What we do: (team overview)
Purpose and context of the role.
Mandate Monitoring provides complete, independent and timely pre and / or post trade monitoring of all mandate, prospectus, regulatory and other in-house investment guidelines.
Provides insight to the business on the causes of breaches, and actively consults on their prevention.
Supports on project related work to improve Mandate Monitoring processes.
Role dimension.
Product set: All internal client, segregated, and regulated portfolios.
Relationships (Internal and External).
Front Office, Client Services, Finance, and HR.
Compliance, Risk, Controls, and Internal Audit.
IT, Project and Transformation Teams.
Other Operations teams.
Outsourced service providers.
Clients and consultants.
External Auditors
The successful candidate will: (role responsibilities)
Outcomes.
Perform daily post trade exception monitoring and other manual monitoring activities.
Identify and manage risks and ensure that adequate control processes exist and operate effectively.
Provide support to the Front Office on queries relating to post trade investment guidelines and exceptions.
Maintenance of procedure documents for team tasks as required.
Build and maintain strong relationships with UK and overseas business units.
Assist with other Mandate Monitoring projects and initiatives.
Support onshore in the review and interpretation of new and amended investment guidelines.
Provide training and advice to other Mandate Monitoring team members on areas of expertise.
Key Performance Indicators.
Key performance indicators and service level targets met.
Assigned project deliveries within agreed timescales.
Neutral/ positive compliance/ audit comment.
Experience & Qualifications:
Qualifications.
Experience in Mandate Monitoring an advantage.
Degree.
Candidate would be encouraged to work towards and gain the IMC.
Skills/ Knowledge.
Experience using BRS Aladdin and JPM TRAC an advantage.
Excellent organisational, time management and decision-making skills.
An understanding of the investment management process across the full range of asset classes and client types.
An understanding of Mandate Monitoring processes including interpretation of discretionary client investment management agreements.
Knowledge of UK, Irish, US, and Luxembourg regulations with respect to retail funds.
Strong IT literacy as a business user.
Self-motivated.
Excellent communication skills - verbal & written.
Experience.
Experience of Mandate Monitoring with an investment management organisation in relation to ensuring compliance to Investment & Borrowing Powers and client investment guidelines an advantage.
Experience to include rule coding and exception monitoring and resolution with investment managers.
Technical Capabilities.
As above.
Shared Capabilities.
Integrity.
Teamwork.
Innovation.
Performance.
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.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.