Specialist, Client Processing - Option Trade Clearance and Settlement
For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity. BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system. BNY Mellon Pershing's Option department responsible for option trade clearance, settlement, and expiration/assignment processes. Responsibilities include ensuring all option trades are cleared and settled timely with the Option Clearing Corporation (OCC). The group communicates with internal and external clients on all trade differences and ensures all daily, weekly, and monthly option expiration and assignment is accurately processed.
Provides complex analytics and reporting services, working to improve and automate Client Processing systems. Deals with complex external client issues (on-going client servicing for various programs, post sales support, resolving operational issues, and product implementations).
May allocate/coordinate work within a team/project. Assists in communicating needs and issues with internal and external clients. Participates in innovative product development, product enhancement, and system testing to ensure that products continue to accurately and efficiently process high value transactions.
Solves complex problems based on an understanding and knowledge of the intricacies of the system. Uses in-depth area knowledge to apply ingenuity and creativity to common repeat problems and determines more permanent resolutions.
Provides technical assistance and support to lower level client processing roles. Contributes to the achievement of team objectives. Qualifications
Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 7-10 years of total work experience is preferred. Experience in brokerage processing is preferred. Applicable local/regional licenses or certifications as required by the business. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums. Primary Location:
United States-New Jersey-Jersey City Internal Jobcode:
Pershing Domestic-HR06431 Requisition Number: