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Associate, Client Onboarding/Transitions/Conversions/KYC I

Bank of New York

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2-5 Years
25 days ago
52 Viewed
1 Applied

Job Description

Associate I (Grade G), Client Onboarding & Transition - Management, Liquidity & Margin Services (Triparty)

Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance,
and technology. We are one of the world's top asset management and banking firms that manages
trillions of dollars in assets, custody and/or administration. Known as the bank of banks - 97% of the
world's top banks work with us as we lead and serve our customers into the new era of digital.


With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven
ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000
employees across 35 countries with a culture that empowers you to grow, take risks, experiment and
be yourself. This is what #LifeAtBNYMellon is all about.
We're seeking a future team member for the role of Associate I (Grade G), to join our BUSINESS
SEGMENT OR CORPORATE ORGANIZATION team. This role is located in PUNE, Maharashtra,
HYBRID.


In this role, you'll make an impact in the following ways:
. Under moderate direction, onboard clients/accounts into the system, open and close accounts
and handle transitions and conversions to the system.
. Serve as an advisor to Relationship Managers and internal teams in the process of client
servicing.
. Obtain and review the appropriate documentation and reference data and ensure regulatory
aspects of AML and KYC are completed prior to opening accounts.
. Ensures all SLAs are met.
. Prepare clients for entering new accounts by explaining and articulating the level of
documentation required, regulations, complexities in the market and market expectations.
. Works directly with Relationship Managers/internal teams to open new accounts once due
diligence on KYC and AML has been completed and works with clients/internal teams around asset
events.
. Facilitate account closure by first checking for any pending activity or balances remaining in the
account.
. Should have good knowledge of Contract Management Lifecycle.
. Work directly with Relationship Managers to access documentation requirements and reference
data.
. Ensure application form is received and tax documentation is received from the investor.
. Review documents and coordinate with all internal support groups, business managers, and
external parties to ensure documents meet certain compliance requirements.
. Leads project management activities for onboarding/transitions/conversions such as reporting,
planning, issue / risk tracking, scheduling, effort estimation, day-to-day tracking, and other project
documentation preparation.
. Supports complex conversion activities related to a mix of complex institutional client
relationships requiring the in-depth understanding of custody and accounting processing activities.
. Execute tasks related to Agreement Handling, Third Party & Triparty Contract Upload, LD
Indicator, TSQ support, UAE Access & IMMS set up, Electronic Notice Platform, Wire Settlements,
Articulating SSIs, Regulatory Checks, Customer ID creation, LCR Form, GAO form, ARTS report, Task
related to AccessEdge, GoldTier, NEXEN, Access Management to various platform.
. Participate in UAT, on boarding and fault resolution.
. Need to perform daily Recon, where Individual needs to Investigate system versus share point
breaks and execute remediation activities.
. Collaborate and work as one Global Team following the SUN Model and execute smooth
handover.
. Learn the nitty gritty of the process and elevate oneself as a subject matter expert.
. Provide regular process update to the wider team and take process improvement initiatives.
. Contribute towards team success.
To be successful in this role, we're seeking the following:
ELIGIBILITY & QUALIFICATION (E = Expected, D = Desired)
. M. Com/MBA or PG Dip in Finance with a minimum work experience of 5 years in Custodian or
Investment Bank (E)
. A minimum of 2 years of relevant experience in Collateral Management Services, Liquidity
Management, Custody Relationship, Securities Lending, MMFs, MRFs, Cash Collateral, Segregation
accounts, Margin account, Lending, Borrowing, Credit Risk, Liquidity risk, etc. (E)
. Knowledge of client onboarding, capital market and trade life cycle (E)
. Good understanding of Uncleared Margin Rules. (E)
. Prior experience of dealing with agreements and trade documents related but not limited to
services like Collateral Management, Liquidity and Segregation, TRI Party and Third-party custody
relationship, etc. (D)
. Good understanding of AML, CDD, KYC process. (E)
. High proficiency in MS Word, Excel, PowerPoint, and other MS Office Tools (E)
. Excellent in communication (both verbal and written). (E)
. Awareness of Financial Market Regulation and Governance especially CASS, LCR Rules, Exchange
Act Rule 15c3-3 (Customer Protection Rule), FINRA Rules, etc. associated with Margin Services and
Segregation accounts (D)
. Prior experience of using external platforms like Access Edge, Goldtier, LMS will be an added
advantage. (D)
. Awareness of various TAX forms used in various geographies. (D)
. Excellent time management ability and prioritization skills. (E)
. Experience of handling clients and stakeholder management. (D)
. Project management skills and ability to conduct business calls. (D)
. Quick Learner and able to transfer knowledge, updates and conduct process training. (E)
. Be a team player, ability to work under pressure and carry a positive attitude. (E)
. Ready to work primarily from office. Also, flexible to work from home as per business
requirement. (E)
. Ready to work in APAC and US hours as per process demands. (E)
. Self-motivated and adheres to organizational policies and values. (E)
. Understands management hierarchy and maintains zero tolerance towards breaking
management protocols and manager's trust. (E)


At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
. Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
. Bloomberg's Gender Equality Index (GEI)
. Best Places to Work for Disability Inclusion, Disability: IN - 100% score
. 100 Best Workplaces for Innovators, Fast Company
. Human Rights Campaign Foundation, 100% score Corporate Equality Index
. CDP's Climate Change A List


Our Benefits:
BNY Mellon 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 that can support you and your family
through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and
ethnic groups/Females/Individuals with Disabilities/Protected Veterans.


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.

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