Senior Specialist, ETF Services

BNY; Town of Florida (NY); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Paid volunteer time

401(k) plan

Medical, dental, and vision insurance

Job summary

BNY is seeking a Senior Associate to join its ETF Service Delivery Team located in Lake Mary, Florida. The role entails conducting collateral movement, coordinating ETF settlements, and engaging with Authorized Participants. Candidates should have a Bachelor’s degree in accounting and at least 3 years of relevant experience, preferably in ETF operations or at a Big 4 accounting firm.

BNY offers a competitive salary and benefits package, fostering employee growth and performance.

Qualifications

• 3+ years of total work experience preferred.
• Experience at a Big 4 accounting firm preferred.
• Strong understanding of in-kind ETF creation/settlement workflows.

Responsibilities

• Conduct collateral movement for ETF settlements.
• Coordinate ETF basket-level settlement monitoring.
• Engage with APs to coordinate collateral calls for delayed settlements.

Skills

Experience in ETF operations

Communication skills

Attention to detail

Risk management

Education

Bachelor’s degree in accounting or equivalent

Tools

Wire processing systems

Job description

Job Description

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting‑edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what it’s all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Senior Associate to join our ETF Service Delivery Team. The position is located in Lake Mary, Florida with a 4‑day in‑office expectation.

Responsibilities

• Conduct collateral movement for ETF settlements across multiple domiciles.
• Coordinate ETF basket‑level settlement monitoring, communication with Authorized Participants (APs), and cash wire processing.
• Engage with APs to coordinate collateral calls for delayed settlement ETF creates.
• Receive and release funds to segregated custody accounts; process wires and confirmations.
• Perform intraday monitoring and exception handling through market close to support timely issuance of ETF units.
• Track and return excess collateral accurately and promptly; ensure precision in cash movements.
• Maintain detailed documentation and evidencing for operational steps, approvals, and communications.
• Escalate breaks and risk items; coordinate resolution across APs, Custody, and ETF operations.
• Serve as a primary operational contact for APs on collateral logistics and settlement readiness.
• Operate within defined control frameworks, dual‑control processes, and approval checkpoints.
• Regularly interact with stakeholders to answer questions and resolve issues regarding fund balances and processes.
• Assist in evaluating GAAP and/or IFRS rules to determine the impact of new regulations on BNY Mellon fund accounting practices.
• Provide second‑line review and authorization for collateral calls, releases, and wire actions.
• Validate reconciliations, settlement readiness, and exception resolutions; ensure control compliance.
• Own escalation decisions, risk assessments, and end‑of‑day attestations; oversee auditability and documentation quality.

Qualifications

• Bachelor’s degree in accounting or the equivalent combination of education and experience.
• 3+ years of total work experience preferred.
• Experience at a Big 4 accounting firm preferred.
• Ability to provide guidance to less experienced team members.
• May have people‑management responsibilities in some geographies.
• Experience in ETF operations, custody, collateral management, or securities settlement (Canadian market knowledge is a plus).
• Strong understanding of in‑kind ETF creation/settlement workflows and cash collateral mechanics.
• Proficiency with operational systems; experience with wire processing and reconciliations is preferred.
• Excellent attention to detail, control mindset, and documentation rigor; comfortable with intraday monitoring through market close.
• Strong communication skills to manage AP interactions and cross‑functional coordination.
• Ability to prioritize, manage exceptions, and make risk‑aware decisions under time constraints.

Compensation and Benefits

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 assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job‑related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in company‑sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an “at‑will” position and the company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.

BNY is an Equal Employment Opportunity/Affirmative Action Employer – underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.