Principal, Client Service Principal, Client Service …

BNY Mellon
in New York, NY
Permanent, Full time
Be the first to apply
BNY Mellon
in New York, NY
Permanent, Full time
Be the first to apply
Principal, Client Service
The HedgeMark Operations Team is responsible for the following functions:
  • Understand the account structure and investment strategy for funds covered.
  • Participate in pre-launch calls and gather and populate fund and investment manager data for new fund launches.
  • Set up ISDA and Repo collateral terms in HedgeMark's internal system.
  • Set up cash instruction templates and execute cash wires, with strict application of cash control procedures in all cash-related responsibilities.
  • Monitor daily clearing broker cash and margin balances in accordance with margin rules established with each client. Liaise with prime broker, futures broker or cleared swaps counterparties to resolve any discrepancy or reporting questions, and execute wires to post collateral or call back excess collateral.
  • Oversee daily OTC collateral management function, including reviewing system calculation, issuing and responding to collateral calls, managing and researching disputes, and moving cash or non-cash collateral.
  • Calculate, confirm and instruct cash movements for OTC Trades, including premium settlement and swap resets.
  • Oversee a team of offshore analysts for daily reconciliations between the Administrator and Counterparties, as well as between Administrator and Investment Manager
  • Review valuations for final Net Asset Value calculations to ensure the Administrator has valued instruments in accordance with each client's valuation policy.
  • Respond to email queries from clients, investment managers, administrators and counterparties in a timely manner.
  • Collaborate with offshore teams in India and Poland
  • Perform project work to support internal and external needs.
  • Work with internal HM-Operations system and provide input and suggestions for enhancements and efficiency improvements; perform system testing for new releases.

VP will oversee the daily reconciliation and collateral work of offshore teams, and will establish and maintain relationships with clients, counterparties, administrators and investment managers.

The HM Operations team works closely with the HM Fund Accounting team for daily and monthly deliverables. The HM Fund Accounting team is responsible for reviewing and approving the Administrator's net asset valuation, and will review and discuss the final reconciliation and valuation review performed by the operations analyst. The HM Fund Accounting team is also responsible for reviewing and processing invoices and for managing the annual audit process. Each fund / client will have primary and backup HM Operations and Fund Accounting analysts who will work together to understand the particulars to the fund and to service the client.

Required Experience:
  • Bachelor's degree and 7 - 10 years of work experience, preferably dealing with hedge fund operations or a related field.
  • The candidate must be detail oriented and have strong organizational, analytical and communication skills. The candidate must be able to manage a high volume of tasks and queries in an efficient manner and prioritize work to meet deliverables.
  • The candidate must have at least a basic understanding of listed financial products, especially

equities and fixed income. Knowledge of corporate actions, foreign exchange, listed derivatives, and OTC derivatives is preferred.
  • The candidate must be proficient with PC applications, particularly Excel. Experience with Bloomberg as well as project work related to software enhancement is helpful

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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