Job Description
BNY Mellon Markets & Execution Services aims to deliver a fully integrated suite of execution, liquidity, financing and collateral optimization solutions to the firm's core client base.
Markets and Execution Services leverage the firm's unique position in Asset Servicing and Triparty Collateral Management, to deliver adjacent services by offering
• full-service execution in Foreign Exchange, Fixed Income and Equities markets, seamlessly integrated into the custody ecosystem
• Intermediation services in Secured Financing markets, particularly for our buy-side client franchise, collateralizing exposures via BNY Mellon's Triparty platform
The active management of short-term investments needs to help their clients earn incremental yield through the Liquidity Direct portal. Markets & Execution Services offers innovative solutions and services, market insights, industry expertise and scalable technology to help clients manage their risk, capital, liquidity and financing needs within the safety of BNY Mellon's custody and trading ecosystem.
Team Description:
The role is within the Global Finance COE India under Controllers COE – Global Markets FX and Corporate Treasury team whose remit is to ensure the activities of the US, EMEA and APAC Markets & Treasury teams are accurately recorded in statements of the various entities they operate in. The team also supports new product initiatives and regional expansion, working close with Front, Middle and Back Office.
Responsibilities also cover oversight of the daily P&L with responsibility for ensuring the traders P&L is signed off. The team work closely with BNYM Legal Entity Controllers supporting them with performance reporting and the Audit. Cross regional collaboration is a critical element of our role.
Role Purpose:
The Markets Controller is a subject matter expert in Financial Markets with experience in reporting of FX and Fixed Income products. They have experience in the managing the control environment for these products and overseeing teams responsible for balance sheet substantiation, trade reconciliations, price testing, daily P&L production and in partnering the business with new product implementations and regional expansion.
This role is accountable for ensuring effective, efficient Sarbanes-Oxley controls and reporting in compliance with IFRS and US GAAP and that the general ledger accounts pertaining to Markets are complete and accurate.
The role should actively engage across the relevant functions within Markets and Finance to ensure they understand the business strategy, product support and interaction with the underlying client. This will enable the individual to actively support business outcomes and use the information to ensure financial results & controls reflect this.
Acting as contact point for key stakeholders including the markets business, regulatory reporting, external auditors, SOX team, Tax, and the US Central Finance team.
Responsibilities:
• Manage the financial control environment for Markets activities in the assigned US, EMEA and APAC Regions
• Support the business in Product and Regional Expansion
• Support the Financial Control and Regulatory Reporting teams in their understanding of Markets activities
• Oversee the US, EMEA and APAC Daily Trader P&L sign off process, analyzing issues and working with Traders and Reconciliation team to resolve issues
• Govern the month end close process, including monitoring of results, escalating, and resolving issue
• Review of the monthly variances ensuring that it provides a meaningful analysis of different aspects of the business performances
• Review and presentation of quarterly KPI
• Ensure the accounting process are robust, efficient, and well controlled
• Contribute to project and process improvement initiatives as required
Skills sought:
Job Specific Competencies
• Adaptable, flexible, and proactive
• Strong leader with proven record
• Good communication and able to influence outcome across the organization
• Good decision maker, responsible and accountable
• Deadline driven with effective time management and ability to work under pressure
• Client orientated and results focused
• Able to manage risk in a highly regulated and controlled environment
• Able to manage a small team of 4 to 6 members
• Ability to establish and develop effective relationships
• Highly motivated, fast learning and proactive with an ability for problem solving
Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
• Qualified Chartered Accountant with 7 to 10 post qualification experience
• Significant experience in Financial Markets, ideally Markets and/or Corporate Treasury accounting experience
• Strong technical accounting knowledge, particularly IFRS and US GAAP
• Exposure to Front and Back Office systems used for FX and Fixed Income businesses
• Experience of a fast moving, highly controlled, multi-national/functional organization 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
Markets and Execution Services leverage the firm's unique position in Asset Servicing and Triparty Collateral Management, to deliver adjacent services by offering
• full-service execution in Foreign Exchange, Fixed Income and Equities markets, seamlessly integrated into the custody ecosystem
• Intermediation services in Secured Financing markets, particularly for our buy-side client franchise, collateralizing exposures via BNY Mellon's Triparty platform
The active management of short-term investments needs to help their clients earn incremental yield through the Liquidity Direct portal. Markets & Execution Services offers innovative solutions and services, market insights, industry expertise and scalable technology to help clients manage their risk, capital, liquidity and financing needs within the safety of BNY Mellon's custody and trading ecosystem.
Team Description:
The role is within the Global Finance COE India under Controllers COE – Global Markets FX and Corporate Treasury team whose remit is to ensure the activities of the US, EMEA and APAC Markets & Treasury teams are accurately recorded in statements of the various entities they operate in. The team also supports new product initiatives and regional expansion, working close with Front, Middle and Back Office.
Responsibilities also cover oversight of the daily P&L with responsibility for ensuring the traders P&L is signed off. The team work closely with BNYM Legal Entity Controllers supporting them with performance reporting and the Audit. Cross regional collaboration is a critical element of our role.
Role Purpose:
The Markets Controller is a subject matter expert in Financial Markets with experience in reporting of FX and Fixed Income products. They have experience in the managing the control environment for these products and overseeing teams responsible for balance sheet substantiation, trade reconciliations, price testing, daily P&L production and in partnering the business with new product implementations and regional expansion.
This role is accountable for ensuring effective, efficient Sarbanes-Oxley controls and reporting in compliance with IFRS and US GAAP and that the general ledger accounts pertaining to Markets are complete and accurate.
The role should actively engage across the relevant functions within Markets and Finance to ensure they understand the business strategy, product support and interaction with the underlying client. This will enable the individual to actively support business outcomes and use the information to ensure financial results & controls reflect this.
Acting as contact point for key stakeholders including the markets business, regulatory reporting, external auditors, SOX team, Tax, and the US Central Finance team.
Responsibilities:
• Manage the financial control environment for Markets activities in the assigned US, EMEA and APAC Regions
• Support the business in Product and Regional Expansion
• Support the Financial Control and Regulatory Reporting teams in their understanding of Markets activities
• Oversee the US, EMEA and APAC Daily Trader P&L sign off process, analyzing issues and working with Traders and Reconciliation team to resolve issues
• Govern the month end close process, including monitoring of results, escalating, and resolving issue
• Review of the monthly variances ensuring that it provides a meaningful analysis of different aspects of the business performances
• Review and presentation of quarterly KPI
• Ensure the accounting process are robust, efficient, and well controlled
• Contribute to project and process improvement initiatives as required
Skills sought:
Job Specific Competencies
• Adaptable, flexible, and proactive
• Strong leader with proven record
• Good communication and able to influence outcome across the organization
• Good decision maker, responsible and accountable
• Deadline driven with effective time management and ability to work under pressure
• Client orientated and results focused
• Able to manage risk in a highly regulated and controlled environment
• Able to manage a small team of 4 to 6 members
• Ability to establish and develop effective relationships
• Highly motivated, fast learning and proactive with an ability for problem solving
Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
• Qualified Chartered Accountant with 7 to 10 post qualification experience
• Significant experience in Financial Markets, ideally Markets and/or Corporate Treasury accounting experience
• Strong technical accounting knowledge, particularly IFRS and US GAAP
• Exposure to Front and Back Office systems used for FX and Fixed Income businesses
• Experience of a fast moving, highly controlled, multi-national/functional organization 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
💡 Quick Summary
Seeking a career-building opportunity? The Senior Specialist| Accounting position is now open for candidates interested in the Accountant Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
