Mandate Monitoring Analyst

Job Description

Title: Specialist, Data Governance Hybrid, London - PermanentWho we are:BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. BNY Mellon delivers informed investment and wealth management and investment services in 35 countries.As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, manage, service, distribute orrestructure investmentsFor over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the worlds leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5billion in revenues and a 23% return on tangible common equity.BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:

• Managing the custody of approximately $37 trillion financial assets of the worlds leading institutional investors, hedge funds, sovereign wealth funds, and corporates
• Investing approximately $2 trillion as one of the largest global asset managers across a wide range of asset classes
• Providing collateral, liquidity, and funding for the worlds largest banks through our markets franchise
• Serving family offices and high net worth individuals through our wealth management franchise
• Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and 40 Act fund managers, registered investment advisor firms and wealth managers
• Advising large global corporations on a range of trust and other solutions
• Providing integrated managed data services to asset managers

What we do: (team overview)Purpose and context of the role.

• Mandate Monitoring provides complete, independent and timely pre and / or post trade monitoring of all mandate, prospectus, regulatory and other in-house investment guidelines.
• Provides insight to the business on the causes of breaches, and actively consults on their prevention.
• Supports on project related work to improve Mandate Monitoring processes.

Role dimension.

• Product set: All internal client, segregated, and regulated portfolios.

Relationships (Internal and External).

• Front Office, Client Services, Finance, and HR.
• Compliance, Risk, Controls, and Internal Audit.
• IT, Project and Transformation Teams.
• Other Operations teams.
• Outsourced service providers.
• Clients and consultants.
• External Auditors.

The successful candidate will: (role responsibilities)

• Maintain pre and post trade mandate monitoring restrictions using the two relevant monitoring systems: BRS Aladdin and JPM TRAC. Tasks will include coding or instruction to third parties, review and testing for new fund launches and amendments.
• Support the offshore Mandate Monitoring team with daily post trade exception monitoring and other manual monitoring activities.
• Undertake automated and manual exception monitoring pre and post trade where required.
• Identify and manage risks and ensure that adequate control processes exist and operate effectively.
• Provide support to the Front Office on queries relating to pre and post trade investment guidelines and exceptions.
• Maintenance of stop lists and other restricted lists on pre trade systems.
• Maintenance of procedure documents for team tasks as required.
• Build and maintain strong relationships with UK and overseas business units.
• Assist with other Mandate Monitoring projects and initiatives.
• To review and interpret new and amended IMAs / Prospectus to determine if the investment guidelines can be automated.
• Provide training and advice to other Mandate Monitoring team members on areas of expertise.

Key Performance Indicators.

• Key performance indicators and service level targets met.
• Assigned project deliveries within agreed timescales.
• Neutral/ positive compliance/ audit comment.

Experience & Qualifications:Experience in Mandate Monitoring an advantage.

• Degree.
• Candidate would be encouraged to work towards and gain the IMC.

Skills/ Knowledge.

• Experience using BRS Aladdin and JPM TRAC an advantage.
• Excellent organisational, time management and decision-making skills.
• An understanding of the investment management process across the full range of asset classes and client types.
• An understanding of Mandate Monitoring processes including interpretation of discretionary client investment management agreements.
• Knowledge of UK, Irish, US, and Luxembourg regulations with respect to retail funds.
• Strong IT literacy as a business user.
• Self-motivated.
• Excellent communication skills - verbal & written.

• Experience of Mandate Monitoring with an investment management organisation in relation to ensuring compliance to Investment & Borrowing Powers and client investment guidelines an advantage.
• Experience to include rule coding and exception monitoring and resolution with investment managers.

Technical Capabilities.

• As above.

Shared Capabilities.

• Integrity.
• Teamwork.
• Innovation.
• Performance.

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.

Keyskills :
Asset ManagementCorporate GovernanceDerivativesFund AccountingAladdin