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Senior Associate, Middle Office
7-12 years
₹ 3.9 - 26L/yr (AmbitionBox estimate)
Pune
1 vacancy
Senior Associate, Middle Office
BNY
posted 22d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Responsible for overseeing quality control of processing, work allocation and workflow of a Middle Office team and outsourced functions in accordance with SLD.
- Reviews and approves work conducted by more junior levels in accordance with function policies and procedures.
- Performs analysis and research on the most complex transactions and identifies solutions to complex inquiries.
- Serves as subject matter expert and conducts research to gather information on the most complex, multi-faceted transactions and provides answers to complex inquiries that have been escalated by lower levels.
- Responsible for or facilitating the maintenance of trade static data, trade enrichment, and trade exception handling and market claims.
- Responsible for the most complex reconciliations analysis (cash, asset, trade matching, and market value), break assignment, resolution of reconciliation breaks, and trade fails.
- May also participate in monthly end-client statement workflow, ad hoc reporting, and incident management. Identifies resolves and escalates any issues that affect the accuracy of the Investment Book of Record (IBOR) within the team.
- Provides guidance to less experienced team members.
- Is able to act as a SME within incident management.
- Exercises own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions.
- May review/approve work of junior team members.
- Regularly interacts with clients in answering questions and resolving multifaceted inquiries for complex transactions.
- No direct reports. Provides guidance to less experienced Middle Office staff as needed.
- Contributes to the achievement of teams objectives.
- Bachelors degree in finance or the equivalent combination of education and experience is required.
- Excellent analytical and problem-solving skills with data consistency and correctness
- 7 plus years of total relevant work experience preferred
- Understanding of derivative (OTC , ETD) Products (IRS,CDS,CDX,TRS OPTIONS)Trade Life Cycle, Reconciliation of derivative products, Derivative Valuations
- OR
- Trade Life Cycle Flow, Listed Product Knowledge (Equity, Fixed Incomes, FXs SPOT, Forward & NDF), Trade Capture knowledge (Trade Posting, Trade Resolutions), Knowledge about SWIFT messages and its impact, Trade Settlements
Employment Type: Full Time, Permanent
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Rating based on 106 Senior Associate
reviews
Anonymous · Banking Operations
in Pune
Provides good bonus, and enough leaves a year.
Management isnt good, appraisal is terrible, promotions are very less compared to number of new openings, managers doesnt let you apply for IJPs, have to provide explanation on each of your leaves with proofs.
Read 106 reviewsSenior Associate salary at BNY
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