Associate, Middle Office

As an Associate in the Middle Office at BNY, your primary responsibilities include providing accounting and trading support for funds, performing Trade Confirmation and T+1 reconciliations, setting up and amending static data on various platforms, and reviewing reports for the Trading desk and risk groups. Your role is vital for maintaining efficiency and accuracy in our operations.

To apply for the Associate, Middle Office role at BNY, a Bachelor's degree or equivalent experience is required. It's preferred that candidates have 1-2 years of relevant work experience and a basic understanding of fixed income products. Previous experience in a trade support role in capital markets is ideal and will enhance your candidacy.

At BNY, we are committed to employee growth and development. Associates in the Middle Office have access to a range of training resources, mentorship opportunities, and support for professional development, all while working in an environment that encourages innovation and inclusivity. Our employees constantly receive opportunities to learn and grow in their roles.

The working environment for an Associate in the Middle Office at BNY is dynamic and collaborative. With a hybrid model, you can enjoy a mix of in-office and remote work, leveraging the flexibility while staying integrated with your team. Our culture promotes teamwork, open communication, and a shared commitment to excellence, making it a fulfilling place to grow your career.

Associates in the Middle Office at BNY receive highly competitive compensation, comprehensive benefits, and wellbeing programs. Our offerings include generous paid leave, access to resources for personal resilience, and support in reaching financial goals. We pride ourselves on creating a workplace that supports you in both your professional and personal endeavors.

In responding to this question, emphasize your knowledge of how trade support ensures accurate trade execution and reporting, directly impacting risk management and financial compliance. Discuss your experience with trade capture processes and how they contribute to the broader trading strategy.

Here, you should outline your experience with various fixed income products like bonds and Interest Rate Swaps. Explain their purposes in investment strategy and how they perform in different market conditions, demonstrating your understanding of their role within the financial landscape.

When answering this question, share a specific example that showcases your analytical skills. Walk through your methodology for dissecting the report, the data points you focused on, and how your findings contributed to informing decision-making within your team.

Discuss effective time management strategies. Highlight how prioritizing tasks based on urgency and impact, alongside communication with your team, helps you meet deadlines without compromising quality. Share a relevant personal experience for added context.

Outline a structured approach for onboarding a new trading product, emphasizing the importance of collaboration with teams for effective implementation, compliance checks, and thorough testing before going live. This shows that you take a comprehensive and detail-oriented approach to such processes.

Share a specific instance, focusing on the problem, the actions you took to resolve it, and the positive outcome that followed. This demonstrates your critical thinking and problem-solving abilities—a key trait for success in the Associate, Middle Office role.

Talk about any industry-standard software you've used, such as trading platforms or reconciliation tools. Mention your proficiency in these tools and how they have helped streamline your workload, showcasing your adaptability to technology in finance.

Discuss specific practices you follow to ensure accuracy, like conducting regular audits of your data entries, utilizing checklists, and advocating for peer reviews where applicable. Reliability in managing financial information is essential for the Associate role.

Express your enthusiasm for the role by discussing BNY's reputation for innovation and inclusivity, and how they align with your career goals. Highlight aspects of the company culture that resonate with you and how you see yourself contributing as an Associate.

Show that you've done your homework by discussing BNY's significant role in managing a large portion of the world’s investible assets. Talk about their commitment to sustainability, diversity, and innovation in the financial services industry, which reflects your values as a potential employee.