Senior Specialist, Reconciliation

BNY Mellon • Berwyn, PA

4d • $59,000 - $90,000 • Onsite

About The Position

BNY’s Managed Accounts Solutions team is seeking a Senior Specialist, Reconciliation, for its Wealth Operations platform in Berwyn, Pennsylvania. The position is office-based, with four days in the office. The role is responsible for investigating and resolving cash and securities discrepancies for Retail SMA accounts, maintaining accurate reconciliations and trade allocations, and working with internal and external teams to address reconciliation issues. The specialist will also support process improvements and automation initiatives that reduce reconciliation exceptions.

The successful candidate will have a strong knowledge of equity and fixed income products in an asset management environment, along with analytical problem-solving, attention to detail, communication, and collaboration skills. A bachelor’s degree in a related discipline or an equivalent combination of education and experience is required; five to seven years of total work experience is preferred.

BNY describes its culture as supportive of employee growth and success and highlights its use of AI and other technologies in financial services. It offers competitive compensation, benefits, and wellbeing programs, including paid leaves and paid volunteer time. Eligible employees may participate in a 401(k) plan and company-sponsored medical, dental, vision, and basic life insurance plans. Other benefits, including vacation and sick time, depend on the position offered and eligibility.

Requirements

• A bachelor’s degree in a related discipline or an equivalent combination of education and experience is required.
• Strong knowledge of equity and fixed income products within an asset management environment.
• Ability to work effectively in a fast-paced setting while meeting tight deadlines.
• Exceptional attention to detail and analytical problem-solving skills.
• Strong communication and collaboration abilities when working across multiple business lines.

Nice To Haves

• Five to seven years of total work experience is preferred.

Responsibilities

• Investigate and resolve cash and securities discrepancies for Retail SMA accounts in a timely and accurate manner.
• Partner with internal and external stakeholders, including Trading, Corporate Actions, New Accounts, and Client Services, to research and resolve reconciliation breaks.
• Ensure accurate trade allocations and bookings across multiple asset classes.
• Coordinate with internal and external trading teams to maintain comprehensive and efficient reconciliation processes.
• Perform daily and periodic reconciliations to validate data integrity and account accuracy.
• Promptly escalate and document unresolved issues while maintaining strong communication with impacted teams.
• Support process improvements and automation initiatives intended to reduce reconciliation exceptions.

Benefits

• Competitive compensation and benefits and wellbeing programs.
• Generous paid leaves, including paid volunteer time.
• Eligible employees may enroll in a 401(k) plan.
• Eligible employees may participate in company-sponsored medical, dental, vision, and basic life insurance plans.
• Other benefits may include paid time off such as vacation and sick time, depending on position and eligibility.
• Eligible employees may be considered for an annual discretionary incentive award.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior