Intermediate Representative, Client Processing

BNY Mellon

Dec 18

Applications are closed

Job
Full-time
Junior & Mid Level
Accounting & Tax
Banking & Finance
Pune

Requirements

Bachelor’s degree.
1.5-3 years of total work experience required.
Prior experience of handling CDO/ CLO, Middle Market loans, Asset Servicing
Experience in cash reconciliation

Responsibilities

Client Processing - Applies expertise and judgement in providing quality, and occasionally complex client service and support to internal and external clients on a daily basis, including phone interaction, problem resolution, transaction processing (i.e., STP, manual), reconciliations and accounting services, and updates to client accounts in a timely manner.
Having a good understanding of Loan Lifecycle management with a hand on experience on Rollover, Interest payment, Fees Payment, Drawdowns and other loan lifecycle activities.
Functional expertise in WSO, AFS, LIQ, ACBS or any other Loans platform
Good reconciliation experience along with client/customer query handling
Worked on Syndicated/agency/bilateral deals along with good exposure in CLO/CDO loans.
Performs a variety of operational tasks in a product or functional area, including processing updates to client accounts or company records and interpreting and handling exceptions. Investigates and corrects errors in client accounts.
Conducts independent analysis and policy interpretation. Responsible for reconciliations, including reconciling cash breaks, position differences, and gathering and compiling data. Serves as the primary point of contact for clients and executes all correspondent requisites in a timely and accurate manner with an understanding of the underlying business and specific client needs.
Maintains correspondent accounts in accordance with applicable regulations and policies, ensuring regulatory compliance and minimizing exposure related to assigned processing tasks.
Accurately opens and updates accounts or company records. Works closely with technology and systems teams to ensure the system is efficient and incorporates any necessary risk mitigations.
Provides product knowledge, market nuances and requirements and technical assistance, as necessary. May review and check work of other Client Processing Support staff and help resolve escalated issues. No direct reports.
Provides guidance to less experienced Client Processing Support staff, as needed. Responsible for the quality and completion of own work.

FAQs

What is the job title of the position offered?

The job title is Intermediate Representative, Client Processing.

Where is the position located?

The position is located in Pune, MH, and operates in a hybrid format.

What kind of experience is required for this role?

The role requires 1.5-3 years of total work experience, particularly in handling CDO/CLO, Middle Market loans, and Asset Servicing.

What educational qualifications are necessary for the position?

A Bachelor’s degree is required for this role.

What type of tasks will I be performing as an Intermediate Representative?

You will be providing quality client service and support, processing transactions, conducting reconciliations, managing client accounts, and investigating errors.

Is prior experience with loan lifecycle management relevant for this job?

Yes, having a good understanding of loan lifecycle management and hands-on experience with activities such as rollover, interest payment, fees payment, and drawdowns is important for this role.

What skills or expertise related to loan processing systems are preferred?

Functional expertise in WSO, AFS, LIQ, ACBS, or any other loans platform is preferred.

What kind of benefits does BNY offer to its employees?

BNY offers competitive compensation, benefits, wellbeing programs, flexible global resources, generous paid leaves, and paid volunteer time.

Is there an opportunity for advancement in this role?

Yes, there is an opportunity to provide guidance to less experienced staff and potentially advance within the organization based on performance.

Are there any important recognition awards that BNY has received?

Yes, BNY has received several awards, including America's Most Innovative Companies, World's Most Admired Companies, and a 100% score in the Human Rights Campaign Foundation's Corporate Equality Index.

BNY Mellon

Consider Everything

Finance

Industry

10,001+

Employees

1784

Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.