Specialist, Middle Office Derivatives Trade Support
Company: THE BANK OF NEW YORK MELLON CORPORATION
Location: New York
Posted on: February 25, 2021
- New York, New York
- 2012084 Job Description The Middle Office Trade Support
Specialist plays a critical role in the Middle Office Operations
department within The Markets Operations Group at BNY Mellon. This
team serves as a central liaison to the front office and is
responsible for the support of day to day trading activities, life
cycle events, portfolio/cash flow reconciliation, project
management, and ad hoc requests from the multiple desks that we
support. The team supports many different product types which
include: Equities, Derivatives (Futures/Options & OTC), FX, and
Swaps (Interest Rates/ FX Currency/Total Return). The incumbent
must possess a strong Risk and Control mindset to drive change and
automation across process, procedure, controls, and IT
architecture. The Ideal Candidate should be not only a strong SME
but also a leader active within the day to day responsibilities to
foster an inclusive and highly fungible team across all its
functions. In the fast-paced trading environment, the incumbent is
required to possess 1) Strong communication/escalation skills 2)
Intellectual curiosity to learn, question, adapt, and pivot 3) The
ability to multi-task and prioritize.
Some responsibilities will include:
- Prepare, provide and understand Greeks P&L (Delta, Gamma, and
Vega etc.) reports to Derivatives Traders.
- Run and understand portfolio analytic reports for risk purposes
to provide to trading desk.
- Mark interest rate curves at the EOD and other market data
related activities for pricing (interest rate yield curves,
volatility surfaces, security static data maintenance).
- Monitor trading activity on execution platforms and ensure that
it STP's to source system. Perform any OTC or listed trade capture
- To analyze and reconcile various reports and trades executed on
- Participate in any UAT testing, upgrades or conversions for all
ecommerce, post-execution platforms, and vendor related technology.
Provide feedback to the Development teams or BNYM Technology
- Assist in any projects which will impact processes and workflows.
Prepare analysis of findings to Management.
- Run through various Quant models to produce risk and P&L for
- To be able to identify problems and escalate any issues should
- To perform P&L investigations on trade activity where there
are discrepancies in Cash Flows, Trade Capture, and Market Data in
which analysis is provided to internal or external clients as
- Assist in any ad-hoc projects with requests from Management,
Traders and Sales
Qualifications Bachelor's degree or the equivalent combination of
education and experience is required. 5-7 years of total work
experience preferred. Experience leading teams is a preferred.
Experience in financial investments preferred. Applicable
local/regional licenses or certifications as required by the
business. Experience using the following systems is a plus. Summit,
WSS, Murex, Broadway, Tradeweb, Bloomberg, Reuters, Markitwire, Fix
Flyer, CFOX, Excel
BNY Mellon is an Equal Employment Opportunity/Affirmative Action
Minorities/Females/Individuals With Disabilities/Protected
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
Primary Location: United States-New York-New York
Internal Jobcode: 70639
Organization: Markets Operations-HR11984
Requisition Number: 2012084
Keywords: THE BANK OF NEW YORK MELLON CORPORATION, New York , Specialist, Middle Office Derivatives Trade Support, Administration, Clerical , New York, New York
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