Senior Process Associate
Bank Of New York Mellon
Total years of experience :7 years, 9 Months
Vertical : ASSETS SERVICES
* Areas of Exposure : US Fund Accounting ( Reconciliation between Acct& Custody)
Roles and Responsibilities
* Responsible for extract daily BO for cash and asset recon.
* Responsible to resolve penny exception breaks.
* Researching on un allocated break, and assigned the particular team to resolve.
* Daily follow up on aged exception break, and try to resolve as soon as possible.
* Responsible to extract the cash holding and cash journal from eagle.
* In asset recon responsible to find the un allocated break to specific inbox.
* Responsible to meet cash availability deadline for daily three SLA
* Responsible to do daily future recon between Accounting v/s broker.
* Extract all types of accounting report.
* Responsible to make static file for cash avail activities.
* Able to do research on BBG for dividend payment and interest payment.
* Calling to different accountant to clear the aged exception.
* Responsible to complete the work within the deadline.
Vertical : ASSETS SERVICES
* Areas of Exposure : Domestic claims & Custody ( Income collection and processing)
Roles and Responsibilities
* Responsible for collecting income from broker across the global locations for
equities and debts.
* Researching and processing specific incomes/corporate actions as per the
norms.
* Monitoring and resolving outage in suspense and Nostro accounts.
* Raise a claim report for the dividend held in broker’s accounts.
* Process the different types of payments, i.e. SPO, WIRE and other instructions.
* Weekly call with brokers for the pending claims raised by custody.
* Handling payment Validation of Mandatory corporate action
* Following up with Paying Agents & DTCC/Euro-clear/Clears-stream to ensure
timely receipt of funds and credits to clients
* Settling the claim with the counter parties which does not settled in the market
* Sending claim letter to World wide counterpart.
* Setting up SPO and Weekly reconciliation between custody and accounting
data.
* Calling to different counterpart to collect the payment.
* Process payments to client account on daily basis.( Preparing EOD & SOD)
Application Domain Used
* EAGLE
* TLM
* COMMAND CONSOLE
* SAP Business object
* PBS/Smart search
* DTCC - CA web
* WINS
* SWIFT
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