Senior Vice President, Middle Office Manager

The Front Office Services Accounting team is responsible for supporting the investment accounting function within the OMS platform, ensuring accurate book of record to support valuations, performance and financial reporting across portfolios.

This role sits between operations, performance, and technology, often acting as a key SME for Order Management System (OMS) Accounting.

 

Accounting

Responsible for OMS accounting, ensuring all deliverables met

Responsible for Quality Control (QC) review and resolution ensuring funds can be published in a timely manner

Production of metrics on agreed frequencies

Work with vendor to enhance logic and reduce breaks / QCs where appropriate

Collaborate with cross-functional teams to enhance service offerings and drive innovation in accounting practices.

Agree and implement SLDs in conjunction with Client, Performance and Reporting teams

Understand the month end close cycle for each fund/group and the inter-dependencies that could impact Performance and Attribution

Work on process improvements and ensure solutions are in place to remediate issues at the root cause

Drive process improvements and innovations by leveraging analytical skills to enhance operational efficiency

Publish metrics on agreed frequencies and hold regular calls to review

 

Reconciliations

Responsible for OMS reconciliations, ensuring all deliverables met

Responsible for daily reconciliations of cash and stock to custodians and Middle Office

Work with Cash Team on production of safe cash figure for Portfolio Managers

Work with Middle Office teams to track claims in respect of failed trades / failed income

Oversee tax reclaims and closing of receivables upon payment

Track aged items and perform root cause analysis

Exercises own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions

Drive process improvements and innovations by leveraging analytical skills to enhance operational efficiency 

 

Spearheads Reconciliation function projects , including Platform migration , new Client Adoption etc 

Develop and implement processes and controls to ensure accuracy and efficiency in service delivery, aligning with BNY's strategic objectives.

 

Stakeholder Management

Partner with:Client Front Office (Oversight team / Portfolio Managers)

Front Office Operations

Middle Office 

Performance

Reporting

External vendors

Provide insight on:P&L drivers

Accounting impacts on performance

Provide strategic insights and recommendations to senior management to support decision-making.

 

Key Responsibilities

Maintain accurate positions, cash, and book cost within client’s OMS

Ensure correct treatment of:Bonds (incl. accruals, amortisation)

Equities

Derivatives (swaps, FX, futures)

Monitor daily, monthly and quarterly quality control and accounting publication

Responsible for resolution of any issues which materialise and ensure timely closure in alignment with Service Level Agreements

Own resolution of:Cash and position breaks

Pricing discrepancies

Exercise own judgement and collaborates with multiple internal and external stakeholders to resolve reconciliations of accounts for complex or atypical transactions

Review data and assist in resolving escalated problems that may arise during the normal daily, weekly or monthly accounting and reporting.

Escalate and manage material issues impacting P&L/NAV

Ensure strong control framework and QC sign-offs

Work closely with Data Management and Pricing teams to ensure all data and pricing captured timely and accurately

Drive resolution of any discrepancies

Mentor and develop junior analysts

Review work and provide technical guidance

Drive:Continuous improvement in processes

Platform optimisation

Automation initiatives

Data model improvements

Influence roadmap with internal tech teams / vendors

 

Required Skills & Experience

Strong experience in:Investment accounting (multi-asset)

OMS Accounting (eg Aladdin or Bloomberg IBOR platforms)

Proven track record of delivery

Strong understanding of:Data architecture

Controls & governance

NAV lifecycle

Strong analytical and problem-solving capability

Solid understanding of:

Fixed income & derivatives

 

 

Soft Skills

Excellent analytical and problem-solving abilities.

Ability to investigate complex breaks

Comfortable dealing with front office queries

Effective communication and interpersonal skills.

Strong leadership and team management skills