Newton, Transitions Co-ordinator, Business Administration (6 month FTC)

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • BNY Mellon Investment Management
  • 22 Sep 18 2018-09-22

Newton, Transitions Co-ordinator, Business Administration (6 month FTC)

Job purpose:

As an integral part of the Newton Business Administration team, this role is to provide an operations-focused transitions service - working with Client Services and Investment Operations to ensure operational readiness for transition date and the related update of Newton accounting records. Offers a variety of mainly custody-related tasks in support of Investment Operations. Ensures that all allocated work and incoming issues are dealt with without risk to the company, in an efficient manner and to the satisfaction of all internal and external clients.

Company Overview: Newton Investment Management Limited is a responsible active investment management firm which offers actively managed, global investment solutions to its international client base, which includes pension funds, corporations, charities and, via BNY Mellon, individuals. Newton combines thematic ideas about the long-term investment landscape with fundamental and rigorous company and sector analysis, to create investment strategies designed to meet the real-world challenges its clients face. Newton thinks on a global basis, with its single London-based investment team working collaboratively across asset classes and regions. It has fully integrated environmental, social and governance analysis into its core investment process, and engages with the companies it invests in on issues that affect its clients and the wider environment.
With offices in London and New York, Newton has £50.8bn assets under management (as at 30 June 2018). News and other information about Newton is available at and via Twitter: @NewtonIM.


  • Undertake the day-to-day work of the Transitions function within the Business Administration team. Contribute to the maintenance of effective checklists and procedure documents and demonstrate a continuous process improvement approach.

  • Undertake the operational transition service for all transition types (new business, lost business, custody transfers and In Specie Transfers) across the Newton client base.

  • Work closely with the Client Services and other departments in Newton to ensure all transitions are completed in line with client requirements and deadlines. Ensure operational readiness and update of the Newton accounting records (QUASAR) on transition date.

  • Build and maintain relationships with external providers, such as custodians and administrators.

  • Co-ordinate the implementation and monitoring of the Newton 'Transition Control' process.

  • Raise, check and authorise transition-related QUASAR stock and cash transaction instructions.

  • Undertake other transition-related support tasks, projects and query handling.

  • Maintain custody-related operational records e.g., Authorised Signature Mandate, Standing Instruction records, Non-Standard Process records.

  • Provide a central contact point for custodian contact where needed e.g., act as custody proprietary system administrator, co-ordinate resolution of Investment Operations-wide custody related issues.

  • Contribute to the oversight of any Transitions related task that is being performed by a Provider (Outsource Provider, Service Provider or Shared Services group). This includes undertaking the task during business continuity events or tests.

  • Represent the Transitions function in meetings (internal and external) when required and demonstrate effective relationships with other Newton and BNYM areas.

  • Produce Management Information and Compliance reporting (and ad hoc reporting to any other business area) for the Transitions function to the required standard and within the appropriate timeframes e.g., monthly management sign-off packs, team statistics and trend analysis. Provide input into audit and control processes (internal and external auditors of Newton) on behalf of the team.

  • Provide support to the Business Administration Manager, and the wider Operations management team.


  • Experience in a similar function within and asset management or asset servicing environment.

  • Must have change or project management experience, with ability to handle and effectively manage. cyclical activity volumes and changing priorities.

  • Knowledge of trade and investment life-cycle.

  • Proficient knowledge of Microsoft applications.


For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater London-London
Job: Asset Management
Internal Jobcode: 51629
Organization: Newton-HR06148
Requisition Number: 1814474