Best in client orientation, Employee engagement, Corporate responsibility towards society and general service.
I always enjoyed being a part of this wonderful organization, however, since the nature of the business is critical, I have experienced few instances of client escalations for not delivering work in time. As a typical day at work I would like to share a recent incident where 3 staff availed unplanned leave and back up for a client was not present. An important instruction on amendment was received which had to be addressed urgently. As a result it was unattended for quite a long time and client escalated to the upper management. However, we could manage to complete the request as soon as we came to know. It was really a hectic experience I have ever faced answering different group of people.
Being responsible for delivering client deliverable and managing various aspects of business requirement I learnt adaptability, effective communication, team work, conflict management, risk management and investment banking services.
I consider management as my mentor since I could work upon my improvement areas based on regular feedback shared with me.
Co-workers have always been supportive and skillful to learn from.
Hardest part of the job is to stop errors and unplanned leaves.
Work culture that I work in and the colleagues with different ability to work with - enjoyable part of the job.
• Working as acting leader, handling team issues. Conducting daily team huddles to discuss daily work status and how to work on that.
• Handled the Process Migration with SME’s. Working as an efficient and critical source for the team for learning the new activities from onshore and cascade them to other team members.
• Perceive all the senior tasks in migration period and then conduct the trainings to pass on knowledge and all the activities in a daily task requirement.
• Currently working on CMS to GSP migration which includes change of custody platform.
• Working in a senior team member role for reconciliation process.
• Handling more than 30 clients including 10 critical clients for daily reconciliation.
• Preparing daily reports for the team to work and action through out the day.
• Handling normal Equity and Derivative products related transactions and Corporate action issues. Daily liaising with Derivative teams for SWAP and Margin transactions. Checking FX transactions and their postings in corresponding currencies.
• Liaising with Corporate action team for corporate action issues like dividends, mergers & demergers, Stock splits and Reverse stock splits and fractional adjustments of shares while performing corporate actions.
Work profile
Transfer of stocks from one management company to another.
Termination and closure of the account as per the client request
Granting the access to the the requestors after reviewing the proof of ownership.
Enhance the quality of the respective processes by identifying training opportunities and delivering the training.
Performed the role of process trainer for new joiners.
Ensured that the process flows and procedures are updated appropriately as and when updates are received.
Supports the team in the absence of the team leader.
Worked on cases and 10% sample check of cases as per process requirement and share findings with supervisors and team.
Maintained breach quality level of 99.80 and investigate error/breach, identify and fill the knowledge gap within the team.
Indentify bottom performers/ training and conducted the required training & 100% adherence to SOP framework for new joiners
Ensure all risk events (inculding near misses)/suspicious activities are reported appropriately.
To provide regular process update and conduct regular knowledge training.
Respond to query raised by onshore team/client via a email or through calls or face to face communication in a timely and efficient manner.
Productive and Interesting Work with Co-operative Colleagues
At BNY Mellon I reconcile Derivatives (Swaps, Forwards, Options) on MS Excel. We match Accounting data with external broker using Accounting data extracted from company's system and statements from external brokers. If there are any differences, we research the break and communicate it to accounting team to get it cleared. I review funds of other team members, handle MIS for the team, provide training to new joiners, perform internal Quality Audit and suggest controls to reduce/minimize errors.
I gained detailed knowledge of MS Excel (Formula's and Macro's). At BNY Mellon I understand functions and Importance of reconciliation, internal quality analysis.
Management is very supportive and encouraging. Managers always motivate employees to provide new ideas. My colleagues are very helpful and fun loving. We always work together and helps each others in completing the work with high quality.
The most enjoyable part of the job is research and getting new training. Having new challenging funds is the most enjoyable part because I get chance to learn new things.
In BNY MELLON work comes first and same time fun also goes parallel. Nice environment with good mangement people for building an individual's carrier
BNY is a leading custodian services provider. It operates in six primary financial services sectors including asset-management, asset servicing, wealth-management, broker-dealer and advisory services, insurance services and treasury services. I am Handling Trade capture process as an operation executive for Euro Clear and Clear Stream. These are two International central securities Depositories. Key responsibilities are to capture information via Swift, Inform and Fax. Input these trades on behalf of clients and providing custody services to clients.Co-Workers also helps us at various circumstances while performing various tasks in and out of office. Work loads is there and now it is part of our healthy work life.
We enjoy pursuing various tasks here, but got little bit stress at end of the day as work demands each of us to continuously monitors volume as we are live on market with handling different deadlines.
Prosfree meals, refereshments, transport facility, outing, fun events, etc
Got to know the finance world more properly and it's structure
The day starts with checking the e-mails and keeping the note of the financial institutions transactions process exceptions.
I gotta learned the finance T+ trades and it's crucial cutoffs and the types of transactions we handled, examples - redemptions, subscriptions, switch (buy), switch (sell), transfers, retrocessions, hedges, etc.
Managing the work allocations within the team, cross-training the new candidates and making SWOT analysis of the team so that the each member can co-ordinate and make the team more efficient at the time of crucial currency cutoffs.
Co-workers are very helpful always.
To check the 800 transactions on an average and then authorizing it at the time of currency cutoffs.
To learn from others what they did to avoid the error and in what ways the error can happen, is the most enjoyable part because brainstorming session starts at the time of finding out the ways of error and it turns out to be funny most of the times.
Bank of New York Mellon is Great place to work.
Excellent Management and work Culture.
Located at magarpatta city pune High secure zone.
Work Life Balance -Working hours are 8.5 hours,No long working hours .If you have to work on saturday's (once or twice in a year) then fairly compensated with one extra day off.
Excellent place to start your career.Management is very co-operative and friendly,Personal growth and guidance.
BNYM(India) CEO conducts town hall every quarterly which is very helpful for all employees.
Internal trainings are helpful and HR is polite and not arrogant.
Fair salary increment every year and good exposure of International Banking products.
ProsWork Culture, Excellent Management, Internal trainings are provided, Open Door Policy, Night Shift allowance is fair, No long working hours .
ConsEmployee engagement activities are reduced - Annual Party, Outings etc
Client Focus and Attention to detail accompanied by excellent Supervision.
A typical day would be to analyze and check the work for the previous working day, create a report of productivity, accuracy.
BNY gave me an opportunity to lead my team and take decisions independently, it also gave me an opportunity to face the client and understand their requirement and work accordingly.
The team was a group of very talented professionals who understood the team goal and performed accordingly, we also had a good time whenever there was an opportunity off work.
Systems and applications getting affected by downtime used to affect the stringent deadline we had with our clients. Initially convincing them and getting the work done within the deadline was the hardest part of this job.
A typical day at work would start with checking mails for any urgent tasks to do. I was in Corporate Actions team. So my job was to contact the stake holders through e-mails, inform them about the corporate action taking place and their options for taking part in the event. After receiving the response form the stake holder I would move the stocks and take required action as suggested by the share holder.
I learned the financial market of different markets like NYSE, NASDAQ and even European markets precisely.
Management at the company was great.
Co-workers were good too.
The Hardest part of the job was few voluntary responses. They were too critical.
The most enjoyable part of the job was one would get to learn many different financial concepts in every different Responses.
• BNY Mellon is a leading investment management and investment services company founded in 1784, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing global marketplace.
• Headquartered in New York, BNY Mellon has $26.6 trillion in assets under custody or administration and $1.3 trillion under management.
• BNY Mellon has 47800 employees worldwide
• BNY Mellon help organizations to build assets, enhance performance, improve operating efficiency and reduce risk through a wide range of asset management and securities services solutions.
• For individuals, BNY Mellon offer sophisticated financial solutions, including investment and wealth management, private banking and shareowner services
This department has turned into one of the worst jobs I have ever had. First off, most of the work that I do, at least, is mundane and rote, so if you want a job that stimulates your mind, this is not the place to go. Furthermore, there has been a steady downgrade in respect for workers in terms of expectations and their basic rights. We have been chronically under-staffed for months; it started in the fall, got steadily worse, and has only in the past month begun bringing in new employees. At the same time, work loads have increased. Yet employees have been expected to get it done in the same time frame, despite there being fewer people managing higher volume. Plus there has been a steady stream of endless side projects which have taken people away from their work and cut into time further, and they were told to just neglect said work and do the side projects... then people would talk about why the work wasn't getting done. As well as showing a deplorable tendency to not start those projects until the last minute. In January, when things really took a turn for the worse, we were told we had to find and release a load of multiple thousand files in a couple weeks... and the message said the deadline had been established a good couple months ago. Why wait so long to start working on it, then?
As a whole, some management works very hard, but many others just do not seem to be good at managing time. There's a lot of micro-management in this department, as it's been mad
ProsLots of vacation days
ConsPretty much everything else
1.0
Customer Service Representative | Westborough, MA | 14 Apr 2019
Life is terrible for a call center rep
The training? What a joke! The four weeks of training that they promised you in the job advertisement? Forget it. It's one week of classroom training and the rest of it is you basically sitting and watching a phone rep take calls for the next week. Then they throw you to the wolves and make you take calls on your own before you are ready or even have a strong grasp of the material. The training is horrible and sets you up to fail. The managers are nasty. When you go to the managers with questions you get a snarky look or attitude. The guy who who is my manager would always try to belittle me whenever I walked into his office to ask a question. He was always my last resort for asking questions because he would flip it around on me and make me feel about 2 inches tall. I wouldn't have to ask him as many questions if their training program was actually sufficient for the job they hire for. There are constantly way more calls waiting in queue than there are reps to handle them. The place has very high turnover constantly. People immediately Run for the hills. They never have enough reps in any of their sections to handle the call volume. The only time the managers initiate contact with you is if your using sometime after the call to wrap up a task. If you use any after call the immediately berate you in school do you. If you go away from your desk to go to the restroom, forget it. You'll come back to your desk with five messages asking you where you were and demanding to know
Decent Company to work for while you still have the job there.
Prior to being laid-off on 2/29/08 from BoNYM's former subsidiary BNYIC, it was a decent company to work for because you learn more about the company and the industry. It was a stable company to work for until Chase Bank had acquired the Retail Sector of the Bank in 2006 and The Bank of New York and Mellon Bank merged later that year in which both companies decided to dissolve BNYIC and relegate those jobs to BNY Capital Markets and Dreyfus. The Benefits like paid vacation time and being able to earn a 3 week vacation after 3 years with the company along with Personal Days, Annual Holiday Parties, Decent Annual Pay Raises, Health Care Coverage and some perks like when the original former long time CEO awarded all employees with Employee Stock Options besides 401-K , Occasional Free Lunches/Working Lunch and job autonomy would be the aspects that I missed very much. Management I would have to say would range from OK to poor since there is always a high turnover rate after 3-4 years and some were able to run the company decently more than others but not exceptionally well though because they were much more interested with their own personal agendas rather than having their subordinates backs in times of need nor were they caring and concern enough about their own employees. In addition, certain supervisors and people in management (not all) have the tendency to show disrespect towards their employee by yelling or to belittle at them especially in front of other employees. This
ProsPaid vacation time, Being able to earn a 3 week vacation after 3 years with the company along with Personal Days, Annual Holiday Parties, Decent Annual Pay Raises and some perks.
ConsSupervisors much more interested with their own personal agendas, lack of genuine care and concern towards their subordinates, some supervisors can be habitually unappreciative and disrespectful towards their employees.
When I first joined the company through the OCAP Program, I had high hopes. I was welcomed by many top level executives from outside of the operation center and all over the world. It seemed promising that I would accomplish great things within the company. The region executive throws bunch of terms like “smart tech,” “machine learning,” “natural language,” along with his favorite hand gestures that make him seems like he know what he is talking about, (he doesn’t have a clue.) The upper management talked about how we are a catalyst for the company, how we are going to make changes.
But couple months after I started the job, I quickly realized that we are just a group of small operations analyst that has minimal powers in terms of orchestrating changes. We are limited by the company’s bureaucratic control.
I can’t speak on behalf of the whole corporation but the culture of CNY operations center can be described with three words: Dead, bureaucratic, and toxic. Let alone many and many racial discrimination Incidents I’ve encountered through out the short months I was there. I’ve never felt so unwanted, disposable and belittled in my life. If you are not Caucasian they are guaranteed to mess up your name with someone else. Even the “top dog” did it numerous time.
Okay enough about race. Let’s focus on why the culture is toxic. If you are coming as an OCAP analyst, you are in better luck. But the people upstairs don’t want to work with you because your job is to imple
Well, at least they had a nice cafeteria, the people and job sucked
So, I was hired by my recruiter to work here as a Data Entry Clerk. I had never worked in the field of Finance before, and so I thought I'd receive comprehensive training. I had pretty much seen the writing on the wall on my first day. The woman who was supposed to train me, was out sick. The woman with whom I was assigned to work, was less-than-thrilled. She even IM'ed this nasty assistant manager that she "didn't feel like dealing with me today." My manager dumped this responsibility on her, and she had a family crisis that day. I actually had to say to her, "It's pretty clear you don't want to train me today, so I'll go sit with someone else." And that was pretty much my experience for six weeks.
I would get jeers and snickers from the assistant supervisors whenever I had questions, and my trainer, who had done this job for years and should have behaved more professionally, said to me several times, "You don't know what you're doing, do you? That really irks me, because I feel like I've wasted my time." I was so tempted to call my recruiter and end this assignment, because I'd come into work every day nervous and anxious, and the atmosphere was rather cliquey and unfriendly. You knew if you were one of the "chosen" ones!
They would gossip behind my back, and in front of my face, because I didn't catch on fast enough. Well, that was because the training was absolutely awful! My manager, who said she was "proud of me" for processing 100 financial transactions, let me
ProsNice cafeteria, easy commute, never given a hard time when I called out
ConsCliques everywhere, lack of training, nasty coworkers, hostile working environment
• Highly conscientious, focussed on the detail. I like to get things right first time.
I work for the Securities Data Management (SDM) Team setting up different types of securities on our many user banks. My duties include signing off other team members set ups. This gives me a wide exposure to all asset types (Equities, Bonds, Futures, Rights, Commercial papers, Certificate of deposits, Mutual funds,OTC Securities) and has expanded my knowledge of all financial instruments.
Was promoted to Senior Pricing Administrator after 18 months.
I price securities for many clients on many different Funds with set deadlines using Bloomberg, FT, Reuters on a daily and weekly basis.
I am involved with Money markets which gives me an exposure to short term debt instruments (Treasury securities, Comercial papers, Certificate of deposits, Time deposits)
I carry out FX Rates which compares the worlds currencies against GBP or USD.
I manage/maintain the security master mailbox, responding to queries and ensuring that all queries have been dealt with by Close of Business. I have a very close relationship with the Valuations/Fund Accounting, Reconciliations, Custody and Trade Capture teams and I am one of the main points of contact regarding all set ups and queries. This responsibility gives me a significant amount of experience with delegating work and helps in improving my time management. The quick turn around of all queries is key to my success in this role.
I maintain the Market Data mailbox and respond to pricing queries within appropriate time limits. In so doing I de
Prosgreat health insurance and pension scheme.
Conslong hours
5.0
Reconciliation Specialist | Chuluota, FL | 30 May 2014
Reconciliation Specialist:
Reconciliation Specialist:
Prepared Asset Reconciliations between our client and various custodians which enabled the fund administrators to prepare detailed client activity to provide to the client.
Downloaded investment assets to Excel Templates, using macros, formulas and performing manual matching which performed analysts of the reconciliation and also ensured it was accurate and balanced.
Downloaded cash transactions from multiple custodians and uploaded to the BNY Data Base System which provided the cash reconciliation team with the information they needed to monitor the investors accounts and move monies where appropriate.
CNL Group, Inc: Feb 1992- June 2006
Team Leader New Business/Investor Relations:
Supervised 4 associates to insure all investments received met SEC requirements before accepting them.
Received and processed a volume of over $1M of investments each day for Real Estate Investment Trusts and Private Placements and ensured the funds were deposited in a timely manner to meet SEC and company requirements.
Researched and Resolved problems for Custodians, Financial Advisors and Internal Accounting on a daily basis which improved customer service and enhanced customer relationships
Created Daily, Monthly, Weekly, Annual Escrow Reports to accounting regarding funds received for investment and sales information data.
Received a Great Job Award for working under stressful conditions to close out several funds at the same time with a r
Unorganized department, Frustrating, Nice People Though
When I started at BNY Mellon I was put into a department which just implemented a new manager with two new liaisons, which is the second in the chain of command. Liaisons are supposed to help the processors, which is what I was brought in to do. My liaison on a daily basis could not help me so I started working with my manager and he helped me greatly in my training process, however the manager has tons to do, that is why a liaison is so important. So it was me and another young guy thrown onto a team that consisted of a new manager, two new liaisons, and the young guy and me. We both started around the same time, and that was it, nobody with any experience at there respective position. The first month I did very little and was mostly left by myself. I would train with my liaison for an hour or two, not understand it and then have to bother my manager. This went on until my temp contract was up 3 months later. Then they must have figured that it was time I got some actual work and gave me more responsibilities. This was fine, but when I did not know how to do something my liaison would ask my manager and I would have to wait until he was free. I am not kidding when I say sometimes it took days before an issue was solved by my manager, all the while my liaison would be doing nothing. Liaisons basically look at a problem and are supposed to help processors fix it because they have at least 5 years experience, my liaison would look at it for a couple minutes and say y
Disappointing Graduate Role - Poor Training, No Direction, Dont know why they bother..
The Graduate roles at Manchester office has been highly disappointing from feedback of grads in my cohort, and seems has been the case for the past few yrs since the programme was brought in.
The roles are billed as having lot of technical training and for good progression, when in reality the roles are processing - for the students who dont know this is literally copying and pasting dates and fee amounts all day (research "Settlement Process roles" before applying to understand!). As such, management seem to be focussed on putting a ceiling on developing grads so they stay in their roles for a long time.
Any grad who has ambitions outside of processing should consider roles in other locations, or perhaps doing 1 yr at BNYM Manchester to get a foot in the door (whilst doing additional learning on the side) and then moving on externally (as there is a lack of opportunity to progress internally) - a lot of previous grads have done this...
Having said this, be careful to not show frustration (which is quite a natural reaction when being made to copy files from emails to folders day in day out all day) as a lot of grads seems to have probation issues where they are forced out after 6 months - shocking! Worse that the higher calibre grads seems to have this issue more than the those who are happy to sit there..
Feel overall the office is nice, central location in Spinningfields/Piccadilly, networking is good, everyone is quite friendly and the management structure has been th
ProsNetworking opportunities, Location & Friendly co workers
ConsPoor wages, lack of training, probation issues
• Worked with Business and operation team for the enhancement of trading platform, advisor platforms.
• Strong experience in Data Analysis, Data Profiling, Data Migration, Data Integration and Metadata Management Services.
• Documenting code logic and procedures performed.
• Worked with Business analyst and SME in order to translate the requirement into technical design and connect with the off-shore team to carry out the tasks.
• Wrote hundreds of stored procedures to support various business needs.
• Report development using SSRS.
• Query and mine large data sets to discover transaction patterns, examine financial data and filter for targeted information - using traditional as well as predictive/advanced analytic methodologies.
• Wrote complex T-sql for data extraction and data analysis.
• Involved in Designing, Developing and Testing of the ETL (Extract, Transformation and Load) strategy to populate the data from various source systems feeds using SSIS.
• Designed ETL packages dealing with different data sources (SQL Server, Flat Files) and loaded the data into target data sources by performing different kinds of transformations using SSIS.
• Created Triggers, User-defined Functions, and Views for both Online and Batch requests handling business logic and functionality of various modules.
• Responsible to support SQL Servers with ever-changing workloads, and achieving some level of predictable performance (or minimizing variance in plans and performance).
•
ProsUrgent need a Sql Server Developer
ConsUrgent need a Sql Server Developer
Questions And Answers about BNY Mellon
Does BNY Mellon require background check? What kind of background check does BNY Mellon do and how long does BNY Mellon take to complete a background check?
Asked 6 Mar 2017
Once you got selected, your background check will be done within one month, by peoples vising your home address during weekday.
Answered 9 Mar 2019
Yes. Education and previous employment history
Answered 8 Jun 2017
What are the perks offered by BNY Mellon?
Asked 19 Apr 2017
Good I incentive
Answered 1 Oct 2019
Bonus depend on the PMP rating
Answered 4 Jul 2018
How are the working hours at BNY Mellon?
Asked 19 Apr 2017
9 hrs.
Full of learning.
Answered 19 May 2019
Working hours are 8:30 hours including breaks.
Answered 3 Sept 2018
What is interview process like at BNY Mellon?
Asked 16 Apr 2017
Its very simple.
Apti/GD
HR Round
Ops Round.
You will be hired on Randstand Third party pay role.
Answered 7 Jan 2018
The interview is a three tier process. Aptitude test, HR round and personal interaction with the hiring manager.
Answered 25 Sept 2017
How did you feel about telling people you worked at BNY Mellon?
