Associate, Exchange Traded Funds Basket Services
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. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Associate, (Non Associate, Exchange Traded Funds Basket Services to join our Fund Accounting Team team. This role is located in Los Angeles, CA.
In this role, you’ll make an impact in the following ways:
- Serves as a lead for the day-to-day operations of a medium-sized Basket Services support team, providing work direction and technical assistance on complex matters.
- Leads day-to-day Basket Services production functions (including Portfolio Composition File (PCF) preparation, Creation and Redemption order processing, Cash and in-kind settlement arrangements, Unit settlement arrangements, Authorized Participant (AP) inquiries, Continuous Net Settlement, Rebalancing processing, Collateral processing, and PnL calculations) for more complex funds. Reviews data and assists in resolving escalated problems that may arise during the normal daily, weekly or monthly reporting.
- Tracks data and maintains records for funds of higher complexity in accordance with department policies and procedures. Establishes data maintenance and summarization processes to improve team efficiency and best support the accounting team.
- Leads team in preparing system-generated reports. Coordinates review of reports and the sharing of reports with the Basket Services teams. Reviews work of junior team members.
- Assists with maintaining relationships with client staff. Regularly works with client staff to exchange information with respect to reporting of daily and monthly client activities and initiatives. Communicates data needs and answers client questions.
- Assists in identifying and implementing process improvements to reduce audit and financial exposure and improve team efficiency.
To be successful in this role, we’re seeking the following:
- No direct reports; may have work allocation and team lead responsibilities .
- Supports the achievement of team objectives.
- Bachelor’s degree in accounting, finance, or the equivalent combination of education and experience is required.
- 5-7 years of total work experience preferred; working knowledge of custody and fund accounting, particularly as it relates to Exchange Traded Funds is preferred.
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
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.