The Bank Of New York Mellon Pittsburgh , PA 15201
Posted 6 days ago
Bring your ideas. Make history.
BNY offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 240 years of rich history and industry firsts, BNY has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNY is all about.
We're seeking a future team member in the role of Analyst, Investment Portfolio Compliance to join our Tax Reporting & Compliance team. This role is located in Pittsburgh
The BNY Portfolio Compliance team performs automated post trade compliance testing for mutual fund and ETF clients to ensure compliance with investment requirements established by the IRS, SEC and individual fund guidelines under the Investment Company Act of 1940.
In this role, you'll make an impact in the following ways:
Working under general supervision, the Analyst is responsible for the daily compliance monitoring of mutual fund client investment portfolios.
Identifying compliance rules based on regulatory requirements and specific fund documents and code guidelines within our automated proprietary compliance system.
Independently perform research and analysis of daily compliance exceptions, validate test results and accounting data, and bring issues to a logical conclusion.
Collaborating with their Manager, review exceptions and provide supporting documentation and justification of their conclusions.
Communicating directly with clients by providing daily notification of compliance exceptions, responding to client inquiries, and documenting all client feedback and directives.
Working directly with clients to identify and implement solutions for new testing guidelines as needed.
Coordinating monthly and quarterly compliance reporting and will provide documentation for audit purposes.
Maintaining detailed client procedures and adhering to all risk and control protocols.
To be successful in this role, we're seeking the following:
Bachelor's Degree in Accounting, Finance, Business Management or Economics, or equivalent work experience.
3-5 years of total work experience preferred.
Strong verbal and written communication skills.
Understanding of investments including various investment types, fund accounting and balance sheet analysis.
Ability to perform research, analysis and interpretation of financial data.
Demonstrate independent thinking, analytical, and problem-solving skills
Proficiency in MS Office (Outlook, Word, Excel, etc.) is required. Ability to understand and develop proficiency in other systems is required to perform the duties of this position.
Preferred Skills:
Knowledge of mutual funds, ETFs, common stock, fixed income, derivatives.
General knowledge of accounting.
Previous experience in compliance, as a financial services analyst, or other industry-related experience a plus, but not required.
At BNY, our inclusive culture speaks for itself. Here's a few of our awards:
Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
Bloomberg's Gender Equality Index (GEI)
Human Rights Campaign Foundation, 100% score Corporate Equality Index
Best Places to Work for Disability Inclusion, Disability: IN - 100% score
100 Best Workplaces for Innovators, Fast Company
CDP's Climate Change 'A List'
Our Benefits:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer
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.
The Bank Of New York Mellon