At a Glance
- Tasks: Engage with borrowers and trading desks to optimise securities lending revenue.
- Company: Join BNY, a global leader in financial services impacting 20% of the world's investible assets.
- Benefits: Enjoy competitive pay, flexible resources, generous leave, and a focus on wellbeing.
- Why this job: Be part of an innovative, inclusive culture that values your perspective and contributions.
- Qualifications: A levels in Maths & Economics or equivalent; relevant financial markets experience preferred.
- Other info: Located in London, this role offers opportunities for growth and impactful decision-making.
The predicted salary is between 43200 - 72000 £ per year.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities, and people everywhere. We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world.
We’re seeking a future team member for the role of Senior Associate, Trading to join our Securities Finance team. This role is located in London. In this role, you’ll make an impact in the following ways:
- Interface with borrowers and BNY Mellon’s global securities lending trading desks to optimize revenue by effectively lending client securities in accordance with client, bank, and regulatory guidelines.
- Negotiate with borrowers to price transactions based on market supply and demand factors with the ability to make prompt decisions and react to daily market changes.
- Establish and maintain strong relationships with borrowers and internal partners including global trading desks, trade support, product, and client servicing teams.
- Monitor the trading book closely and ensure effective risk management to avoid any exposure to both BNY Mellon and clients, particularly around corporate actions and liquidity management in those markets with punitive settlement regimes.
- Work closely with operations teams to minimize all risk situations.
- Liaise with trade support, collateral, and corporate actions teams to promote efficiencies throughout the trading process.
- Provide analytical support to senior traders to help maximize return from BNY Mellon’s lending portfolio.
- Analyze and interpret data, in order to make, support, and articulate trading decisions.
- Assist the trading team in the review, integration, and deployment of new and existing technology tools to further automate trading processes.
- Evaluate client portfolios for the purposes of performance reviews and future revenue estimates.
- Understand & optimize the impact of trades on business metrics ROC/RWA.
- Assist and help to produce and provide market commentary to client-facing peers or directly to clients.
To be successful in this role, we’re seeking the following:
- Maths & Economics A levels or equivalent Degree.
- Relevant experience in financial markets and securities lending preferred.
- Good technology skills.
BNY 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, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Senior Associate, Trading employer: BNY Mellon
Contact Detail:
BNY Mellon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Associate, Trading
✨Tip Number 1
Familiarise yourself with the latest trends in securities lending and trading. Understanding current market dynamics will not only help you during interviews but also demonstrate your proactive approach to staying informed in a fast-paced environment.
✨Tip Number 2
Network with professionals in the financial services industry, especially those working in trading or securities lending. Attend relevant events or webinars to connect with potential colleagues and gain insights into the company culture at BNY.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've used data to make trading decisions in past roles. Be ready to provide specific examples that highlight your ability to interpret data effectively and support trading strategies.
✨Tip Number 4
Research BNY's recent achievements and awards, such as their recognition for innovation and inclusivity. Being knowledgeable about the company's values and successes can help you align your responses with their mission during the interview process.
We think you need these skills to ace Senior Associate, Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial markets and securities lending. Use specific examples that demonstrate your ability to optimise revenue and manage risk, as these are key aspects of the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company culture at BNY. Mention how your skills align with their needs, particularly in negotiating transactions and providing analytical support.
Showcase Your Technical Skills: Since good technology skills are essential for this position, include any relevant software or tools you are proficient in. Highlight experiences where you have used technology to improve trading processes or data analysis.
Prepare for Potential Questions: Anticipate questions related to market trends, risk management, and your decision-making process in trading scenarios. Be ready to discuss how you would handle specific situations that may arise in the role.
How to prepare for a job interview at BNY Mellon
✨Understand the Trading Landscape
Familiarise yourself with current trends in financial markets and securities lending. Be prepared to discuss how market supply and demand can impact trading decisions, as this will demonstrate your analytical skills and industry knowledge.
✨Showcase Your Relationship-Building Skills
Since the role involves interfacing with borrowers and internal partners, highlight your experience in building and maintaining strong professional relationships. Prepare examples of how you've successfully collaborated with teams or clients in the past.
✨Demonstrate Risk Management Awareness
Be ready to discuss your understanding of risk management in trading. Provide examples of how you have monitored trading activities and managed risks in previous roles, particularly around corporate actions and liquidity.
✨Prepare for Technical Questions
Given the emphasis on technology in the role, brush up on relevant tools and systems used in trading. Be prepared to discuss how you have integrated new technologies into trading processes and how they can enhance efficiency.