At a Glance
- Tasks: Lead investment accounting and enhance operational efficiency in a dynamic environment.
- Company: Join a leading financial services firm with a focus on innovation.
- Benefits: Competitive salary, career development opportunities, and a collaborative work culture.
- Other info: Opportunity to mentor junior analysts and influence strategic decisions.
- Why this job: Make a significant impact on financial reporting and drive process improvements.
- Qualifications: Strong experience in investment accounting and excellent analytical skills.
The predicted salary is between 80000 - 100000 € per year.
The Front Office Services Accounting team is responsible for supporting the investment accounting function within the OMS platform, ensuring accurate book of record to support valuations, performance and financial reporting across portfolios. This role sits between operations, performance, and technology, often acting as a key SME for Order Management System (OMS) Accounting.
Accounting
- Responsible for OMS accounting, ensuring all deliverables met
- Responsible for Quality Control (QC) review and resolution ensuring funds can be published in a timely manner
- Production of metrics on agreed frequencies
- Work with vendor to enhance logic and reduce breaks / QCs where appropriate
- Collaborate with cross-functional teams to enhance service offerings and drive innovation in accounting practices.
- Agree and implement SLDs in conjunction with Client, Performance and Reporting teams
- Understand the month end close cycle for each fund/group and the inter-dependencies that could impact Performance and Attribution
- Work on process improvements and ensure solutions are in place to remediate issues at the root cause
- Drive process improvements and innovations by leveraging analytical skills to enhance operational efficiency
- Publish metrics on agreed frequencies and hold regular calls to review
Reconciliations
- Responsible for OMS reconciliations, ensuring all deliverables met
- Responsible for daily reconciliations of cash and stock to custodians and Middle Office
- Work with Cash Team on production of safe cash figure for Portfolio Managers
- Work with Middle Office teams to track claims in respect of failed trades / failed income
- Oversee tax reclaims and closing of receivables upon payment
- Track aged items and perform root cause analysis
- Exercises own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions
- Drive process improvements and innovations by leveraging analytical skills to enhance operational efficiency
- Spearheads Reconciliation function projects, including Platform migration, new Client Adoption etc
- Develop and implement processes and controls to ensure accuracy and efficiency in service delivery, aligning with BNY's strategic objectives.
Stakeholder Management
- Partner with: Client Front Office (Oversight team / Portfolio Managers), Front Office Operations, Middle Office Performance, Reporting, External vendors
- Provide insight on: P&L drivers, Accounting impacts on performance
- Provide strategic insights and recommendations to senior management to support decision-making.
Key Responsibilities
- Maintain accurate positions, cash, and book cost within client’s OMS
- Ensure correct treatment of: Bonds (incl. accruals, amortisation), Equities, Derivatives (swaps, FX, futures)
- Monitor daily, monthly and quarterly quality control and accounting publication
- Responsible for resolution of any issues which materialise and ensure timely closure in alignment with Service Level Agreements
- Own resolution of: Cash and position breaks, Pricing discrepancies
- Exercise own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions
- Review data and assist in resolving escalated problems that may arise during the normal daily, weekly or monthly accounting and reporting.
- Escalate and manage material issues impacting P&L/NAV
- Ensure strong control framework and QC sign-offs
- Work closely with Data Management and Pricing teams to ensure all data and pricing captured timely and accurately
- Drive resolution of any discrepancies
- Mentor and develop junior analysts
- Review work and provide technical guidance
- Drive: Continuous improvement in processes, Platform optimisation, Automation initiatives, Data model improvements
- Influence roadmap with internal tech teams / vendors
Required Skills & Experience
- Strong experience in: Investment accounting (multi-asset), OMS Accounting (eg Aladdin or Bloomberg IBOR platforms)
- Proven track record of delivery
- Strong understanding of: Data architecture, Controls & governance, NAV lifecycle
- Strong analytical and problem-solving capability
- Solid understanding of: Fixed income & derivatives
Soft Skills
- Excellent analytical and problem-solving abilities.
- Ability to investigate complex breaks
- Comfortable dealing with front office queries
- Effective communication and interpersonal skills.
- Strong leadership and team management skills.
Senior Vice President, Middle Office Manager in Manchester employer: BNY Mellon
As a Senior Vice President, Middle Office Manager at our esteemed firm, you will thrive in a dynamic work culture that prioritises innovation and collaboration. We offer competitive benefits, including professional development opportunities and a commitment to employee growth, all within a vibrant location that fosters both personal and professional fulfilment. Join us to be part of a team that values your expertise and encourages you to drive meaningful change in the investment accounting landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Vice President, Middle Office Manager in Manchester
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your experience in investment accounting. This will help you tailor your responses and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your answers to common interview questions, especially those related to OMS accounting and reconciliations. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your problem-solving skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Senior Vice President, Middle Office Manager in Manchester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Vice President, Middle Office Manager role. Highlight your experience in investment accounting and OMS platforms like Aladdin or Bloomberg. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've driven process improvements and collaborated with cross-functional teams in the past.
Showcase Your Analytical Skills:Since this role requires strong analytical abilities, make sure to highlight any relevant experiences where you've solved complex problems or improved operational efficiency. We love seeing how you think critically!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at BNY Mellon
✨Know Your OMS Inside Out
Make sure you have a solid understanding of Order Management Systems, especially the one mentioned in the job description. Brush up on your knowledge of platforms like Aladdin or Bloomberg IBOR, as well as the investment accounting processes that support them. This will show your potential employer that you're not just familiar with the terminology but can also apply it practically.
✨Demonstrate Your Analytical Skills
Prepare to discuss specific examples where you've used your analytical skills to solve complex problems, particularly in investment accounting or reconciliations. Think about metrics you've published or process improvements you've driven. Being able to articulate these experiences will highlight your capability to enhance operational efficiency.
✨Showcase Your Stakeholder Management Experience
This role involves collaborating with various teams and external vendors. Be ready to share instances where you've successfully partnered with different stakeholders, especially in high-pressure situations. Highlight your communication skills and how you've influenced decision-making processes in previous roles.
✨Prepare for Technical Questions
Expect technical questions related to cash and position breaks, pricing discrepancies, and the NAV lifecycle. Brush up on your knowledge of fixed income and derivatives, and be prepared to discuss how you've handled similar issues in the past. This will demonstrate your expertise and readiness for the challenges of the role.
