Senior Specialist, Reconciliation

BNY Mellon; Berwyn (PA); On-site; USD 85,000 - 110,000; Full time

Job summary

BNY Mellon is seeking a Senior Specialist, Reconciliation for its Wealth Operations platform in Berwyn, PA. The role is office-based with four days in the office and focuses on resolving cash and securities discrepancies for Retail SMA accounts.

The candidate will collaborate with Trading, Corporate Actions, New Accounts, and Client Services to resolve breaks, ensure accurate trade allocations, and support process improvements in reconciliation procedures.

Qualifications

• Bachelor's degree in a related discipline or the equivalent combination of education and experience is required
• 5-7 years of total work experience preferred
• Strong knowledge of equity and fixed income products within an asset management environment
• Proven ability to work effectively in a fast-paced setting while meeting tight deadlines
• Exceptional attention to detail and analytical problem-solving skills
• Strong communication and collaboration abilities when working across multiple business lines

Responsibilities

• Investigate and resolve discrepancies related to cash and securities for Retail SMA accounts in a timely and accurate manner
• Partner with internal and external stakeholders, including Trading, Corporate Actions, New Accounts, and Client Services teams, to research and resolve reconciliation breaks
• Ensure accurate trade allocations and bookings across multiple asset classes
• Coordinate with internal and external trading teams to maintain comprehensive and efficient reconciliation processes
• Perform daily and periodic reconciliations to validate data integrity and account accuracy
• Escalate and document unresolved issues promptly while maintaining strong communication with impacted teams
• Support process improvements and automation initiatives aimed at reducing reconciliation exceptions

Job description

Senior Specialist, Reconciliation

The Managed Accounts Solutions team is looking for a Senior Specialist, Reconciliation, for their Wealth Operations platform, based in Berwyn Pennsylvania. Office based, 4 days in office.

Responsibilities:

• Investigate and resolve discrepancies related to cash and securities for Retail SMA accounts in a timely and accurate manner.
• Partner with internal and external stakeholders, including Trading, Corporate Actions, New Accounts, and Client Services teams, to research and resolve reconciliation breaks.
• Ensure accurate trade allocations and bookings across multiple asset classes.
• Coordinate with internal and external trading teams to maintain comprehensive and efficient reconciliation processes.
• Perform daily and periodic reconciliations to validate data integrity and account accuracy.
• Escalate and document unresolved issues promptly while maintaining strong communication with impacted teams.
• Support process improvements and automation initiatives aimed at reducing reconciliation exceptions.

Qualifications:

• Bachelor's degree in a related discipline or the equivalent combination of education and experience is required
• 5-7 years of total work experience preferred
• Strong knowledge of equity and fixed income products within an asset management environment.
• Proven ability to work effectively in a fast-paced setting while meeting tight deadlines.
• Exceptional attention to detail and analytical problem-solving skills.
• Strong communication and collaboration abilities when working across multiple business lines.