BNY Mellon Looking for Associate, Client Service II at Tamil Nadu Full Time

Associate FP& A:
Bring your ideas. Make history.

BNY Mellon 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 Mellon 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 #LifeAtBNYMellon is all about.

We’re seeking a future team member for the role of Associate join our Interest Group. This role is located at Chennai, Tamil Nadu – HYBRID.

In this role, you’ll make an impact in the following ways:
The Interest Control (“IC”) is responsible for calculating interest on account balances of Pershing LLC, a subsidiary of The Bank of New York Mellon, introducing broker-dealers (“IBDs”) and account balances of customers of the IBDs, and processing the amounts (either debits or credits) to each respective account monthly. Accounts carrying debit balances (for margin accounts) are charged interest and accounts carrying credit balances are typically credited interest.

Team is responsible for calculating and analysing interest on account balances of Pershing LLC, Introducing Broker dealers (IBD’s) and account balances of customers of the IBD’s, and processing the amounts (either the debits or credits) to each respective account on monthly basis.

Responsible to prepare subledger entries pertaining to various product’s Interest income.

Service centre: Handling interest related queries received thru Netx360 Service centre & email (received by onsite and forwarded to Chennai team) and prepare the entries.

Responding to client’s interest queries via Service centre. Team also responsible for monitoring the Daily Market Rates and updating in the Funds U (GIS) system which in turn IBD’s or customers will be charged or paid based on their balances.

Prepare & analyse supporting work papers on monthly Interest computation during month closeInterest close.

Reporting of daily trend analysis to Senior Management for decision making and provide detailed explanations of increase/decrease variance analysis.

Compiling a report at product level and do variance analysis detailing the contributed for major change between two periods in the revenue / expense.

Leads real-time financial performance monitoring.

Escalates any financial issues to management.

Maintain Control documentation and testing of the same.

Ensure to maintain legal and statutory requirements intact and with focus on timelines and accuracy.

Will be a key contributor to the Interest team, and responsible for managing the day-to-day reporting.

Lead ad-hoc projects, perform complex analysis, interpret financial data, and contribute to enterprise-wide initiatives.

To be successful in this role, we’re seeking the following:
Minimum Education : bachelor’s degree in a financial discipline such as Accounting and Finance

Minimum Experience : 8+ years of experience in operations, accounting or finance, client support.

Preferred Experience : 5+ years of experience in Accounting, Billing & Client support, Investment Banking, Capital markets, Month end book close.

Requires familiarity with Brokerage activities and products (e.g., securities trading and settlement, margin, securities finance, etc.)

Requires familiarity with the banking system of the United States.

Must be responsible for activities requiring exceptional attention to detail.

Must be able to work as an individual contributor in a high-paced environment with very minimum supervision.

Must have Strong written and oral communications skills in English.

Advanced MS Excel, Power query, Automation Tools skills shall be preferred.

Good time management and prioritizing skills needed.

Must be flexible to work for extended US working hours and adaptable to environment.

At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:

Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion

Bloomberg’s Gender Equality Index (GEI)

Human Rights Campaign Foundation, 100% score Corporate Equality Index

Best Places to Work for Disability Inclusion , Disability: IN – 100% score

100 Best Workplaces for Innovators, Fast Company

CDP’s Climate Change ‘A List’

Our Benefits:
BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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.