At a Glance
- Tasks: Lead the Front Office Services Accounting team in investment accounting and process improvements.
- Company: Join a leading financial services firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to mentor junior analysts and influence strategic decisions.
- Why this job: Make a significant impact in investment accounting while driving innovation and efficiency.
- Qualifications: Extensive experience in investment accounting and strong analytical skills required.
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
As a Senior Vice President, Middle Office Manager at our firm, you will thrive in a dynamic and collaborative environment that prioritises innovation and operational excellence. We offer competitive benefits, a strong commitment to employee development, and a culture that values teamwork and continuous improvement, all set in a vibrant location that fosters both professional and personal growth.
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 where you can meet potential employers or colleagues. Remember, sometimes it’s not just what you know, but who you know that can help you land that Senior Vice President role.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical knowledge. Make sure you can discuss OMS accounting and investment strategies confidently. We recommend practising common interview questions related to performance metrics and reconciliation processes so you can impress the hiring managers.
✨Tip Number 3
Showcase your leadership skills! Be ready to share examples of how you've mentored junior analysts or led process improvements in your previous roles. This will demonstrate your capability to drive innovation and enhance operational efficiency, which is key for a Senior Vice President position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we often have exclusive opportunities listed there that you won’t find anywhere else. So, get your CV polished and hit that apply button!
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 role. Highlight your experience in investment accounting and OMS platforms, as well as any relevant achievements that showcase your analytical skills and problem-solving abilities.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use it to explain how your background aligns with our needs, especially in areas like stakeholder management and process improvements.
Showcase Your Soft Skills:Don’t forget to highlight your soft skills! We’re looking for someone with strong leadership and communication abilities, so share examples of how you've effectively managed teams or resolved complex issues in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at BNY
✨Know Your OMS Inside Out
Make sure you have a solid understanding of Order Management Systems, especially the ones mentioned in the job description like Aladdin or Bloomberg IBOR. Brush up on how they relate to investment accounting and be ready to discuss your experience with them.
✨Showcase Your Analytical Skills
Prepare examples that highlight your analytical and problem-solving abilities. Think of specific instances where you've resolved complex issues or improved processes, particularly in investment accounting or reconciliations.
✨Understand Stakeholder Dynamics
Familiarise yourself with the various stakeholders you'll be working with, such as Portfolio Managers and Front Office Operations. Be ready to discuss how you've successfully collaborated with cross-functional teams in the past.
✨Prepare for Quality Control Discussions
Since quality control is a key part of this role, come prepared to talk about your experience with QC processes. Have examples ready that demonstrate how you've ensured accuracy and efficiency in service delivery.
