Analyst, Fund/Client Accounting

BNY Mellon
Manchester, United Kingdom
18 Jan 2023
02 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Institutional Accounting provides portfolio accounting and reporting as a value added service to clients of the BNYM core custody business. The service provides the delivery, to agreed deadlines, of an audited market valuation for a portfolio or group of portfolios, together with supporting transaction details.
This team's primary focus is to work in partnership with our clients and be responsible for the production of daily & monthly valuations and the provision of the complete and independent investment reporting package, in accordance with service agreements, internal policies and legal / regulatory requirements.
We service a range of clients which include Corporate Pension Funds, Government Pension Funds, Central Banks, Sovereign Wealth Funds, Insurance Companies, and Investment Managers.
These clients invest in the full range of financial instruments that include Equities, Bonds, Forward and Spot FX, Derivatives and Money Market instruments amongst others.

Overall Responsibility:
The role of an Analyst is to audit a range of investment portfolios, on both a daily & monthly basis. This entails the validation of positions, prices, income and transactions between the records of BNY Mellon and Investment Managers of the Bank's clients.
The Analyst will play an active role within the team sharing the collective responsibility to ensure all team deadlines are completed accurately and within deadlines.
They will receive and effectively respond to queries and issues from external and internal customers and will work with their Manager to assist with the training of Intermediate Representatives within the accounting team as well as assisting other department members where applicable. In certain circumstances they may be required to participate in ad hoc projects as instructed by their Manager.
An Analyst will set, demonstrate and ensure adherence to departmental processes so that the required standards of excellence are maintained and improved within the department.
Key Areas of Responsibility:
  • Complete all relevant daily, weekly & monthly assigned tasks to ensure that all client SLA's are achieved in-line with agreed deadlines and expected standards, to include providing technical assistance and support to more junior staff.
  • Provide frequent and consistent communication updates, ensuring that any potential internal or external service level breaches are escalated.
  • Identify and develop improved working practices to increase efficiency and mitigate risk with a key focus on root cause analysis to reduce operational queries
  • Assist to maintain a high level of morale within the team and department by displaying a positive, productive and professional work ethic.
  • Open strong communication links with other operational areas and key service providers to establish standardisation in working practices whenever possible.
  • All mandatory training to be completed by the stipulated deadline.
  • Ensure that Client expectations are fully managed and either met or exceeded in relation to resolution of queries.
  • Ensure business practices and controls are understood for all clients including those that deviate from the standard service offering.
  • Develop own knowledge, to include the financial products used by our clients, operational procedures within the department and those of our internal stakeholders and current market developments.
  • Financial industry knowledge preferred but not essential. Experience in institutional accounting processes advantageous, particularly knowledge of Institutional Accounting System (IAS) on a daily or monthly valuation basis.
  • Attention to detail, good organisational skills, and the ability to prioritise in order to meet stringent demands.
  • Effective written and oral communication skills with a proven ability to communicate with clients and team members.
  • Excellent technical and numerical skills, with accurate data manipulation, analysis & checking of work.
  • Experience of using Microsoft Office products, in particular manipulating Excel spreadsheets. Utilising advanced functions would be desirable.
  • Quick to develop new skills and a pro-active approach to learning and training
  • Have a flexible attitude responding to the varying demands experienced in a financial services environment.
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.

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:
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