Associate, Trading Services Representative I - BNY Mellon

Overview

Associate, Trading Services Representative I

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 240 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, Trading Services Representative I to join our Derivative Operations team. This role is located in Pune, Maharashtra.

In this role, you’ll make an impact in the following ways: 

• Ensure an oversight on timely settlement of all derivative trades. Look into daily processes to monitor trade affirmation/confirmation process and communicate with counterparties as and when required. Escalate aged items related to confirmations/cash escalations with CPTY, brokers & RM’s for unconfirmed & pending settlements.
• Cash & Overdraft Management for INSIGHT accounts. Perform daily checks to escalate issues & propose cash adjustments. Manage sensitive client overdraft and escalations to ensure no aging for these accounts.
• Review Reconciliation reports from NT for any discrepancies between Custody, Insight & Northern trust. Escalate and resolve the same by liaising with internal/ external parties to the issue.
• ETD matching on Traiana, build robust communication with Executing & Clearing brokers to derive 100% matching rates on T0. 
• Understand collateral management and support dispute management process as and when required.

To be successful in this role, we’re seeking the following: 

• Minimum 3 to 4 years of experience in Derivative Operations
• Excellent academics with degree from reputed institute.
• Good understanding of derivatives –OTC’s /ETD including IRS, Inflation, CDS and Equity swaps
• Strong interpersonal skills required to enable the individual to effectively resolve issues in a timely manner. It is quicker to speak to someone if possible or at least to use a phone rather than resort to email or instant messenger chats. Having the ability to articulate you in groups so as to be understood is therefore key to the success of business. Proactive and flexible approach, an individual who will use their skills and experience to fully develop the role.
• Operates with professionalism, honesty, and integrity always. 

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, 2023  
• Bloomberg’s Gender Equality Index (GEI), 2023
• Human Rights Campaign Foundation, Corporate Equality Index, 2023
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2023
• Forbes Blockchain 50, 2023

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.