Client Onboarding - CSA Processing analyst

  • BNY Mellon
  • Manchester, UK
  • Jan 31, 2020
Internship Aerospace engineering Astronomy Biology Computer Science Chemical engineering Engineering Health Science Life Science Mathematics Medical Sciences Chemistry Civil engineering Physics Psychology Social Science Teaching/Academics Technology Veterinary medicine

Description

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. 

Department 

Markets Operations 

Job Purpose 

This function, as a part of client onboarding operationalizes, a CSA when required, be it New or amendment. The team partners closely with internal stakeholders including Legal, Credit, Transition and Sales. 

The successful candidate will:

  • Be accountable for the execution of a best-practices in onboarding in support of the organization’s FX Markets and Collateral Administration businesses
  • Support front office and operations need for the best execution by setting up the collateral agreements
  • Coordinate with Legal Services to ensure that proper legal agreements are put in place to support derivatives trading
  • Receive and assess legal agreements eg ISDA’s, CSA’s, GMRA’s, MSFTA’s from Relationship Management and Legal
  • Contribute to the successful management of client relationships
  • Set up agreements on collateral management systems – input of collateral terms, collateral schedules and settlement instructions
  • Work with the Technology and Operations team to support the setup of technology to facilitate trading of on these agreements
  • Continuously evaluate, identify and recommend practices and controls that will increase process efficiency and mitigate financial and operational risks
  • Review all systems, documentation and risk framework 

Benefits

  •  Annual Holiday – 25 Days, plus bank holidays and the ability to purchase a further 5 days
  • Pension – 12% employer contribution
  • Life Assurance, Income protection and Medical Insurance
  • Education Assistance
  • Cycle to work
  • Health screening
  • Season ticket loans for Travel
  • Recognition and service awards
  • 2 volunteering days per annum 

Qualifications

Knowledge/Skills/Competencies/Education:

  • Relevant undergraduate education or advanced degree - Business Administration, Finance, Economics, etc. required
  • Minimum 3 years of meaningful industry experience with at least 1 years of hands-on experience in derivative products
  • Familiarity with derivative instruments including repos, TBAs, futures, listed and OTC options, FX, Swaptions, OTC swaps and centrally cleared swaps
  • Familiarity with derivatives trading and collateral agreements such as Clearing Agreements, ISDA/CSAs, GMRAs and MSFTAs
  • Familiarity with MS Office suite
  • Solid interpersonal skills and a high degree of integrity combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities

Experience level of the applicant we want

Some work experience, Graduate