BNY
Global custodian, asset servicing, wealth management
Middle Office Specialist - Middle Office II
More locations: Pittsburgh, PA, USA
About the job
- A bachelor's degree in finance or an equivalent combination of education and experience is required.
- Experience in middle-office functions and developing middle-office skills and expertise.
- Experience collaborating with internal and external stakeholders to resolve complex inquiries and transactions.
- Process, monitor, research, and analyze transactions and resolve complex inquiries.
- Coordinate with multiple internal stakeholders and external clients to gather and disseminate transaction-related data and information.
- Conduct research to gather information on complex transactions and straightforward data-related inquiries.
- Analyze custodian bank reconciliations and assign and resolve breaks.
- Perform daily portfolio valuation, account-level pricing, net asset value calculations, and monthly accounting close processes.
- Prepare cash projection reports and provide cash management support.
- Manage the monthly end-client statement workflow and validation.
- Perform ad hoc reporting, trade static data maintenance, trade enrichment, trade exception handling, and market claims.
- Provide guidance to less experienced middle-office staff as needed.
- Three to five years of total relevant work experience.
About the company
BNY Mellon provides global financial services that help asset owners, investment managers, banks, insurers, corporations and individuals move, safekeep, and manage assets across markets. Its offerings—custody, fund and investor servicing, payments, clearing, collateral and liquidity management, asset and wealth management, credit and lending, digital assets, and analytics—are delivered through a mix of transaction, servicing, investment-management and advisory services, supported by technology. It differentiates itself through its global scale and breadth of custody and asset-servicing capabilities, established market and wealth services, and its integration of digital assets, data analytics, and AI with traditional finance. Its goal is to provide secure, efficient, and trusted asset movement and management worldwide by leveraging technology to improve operations and client service.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of East Hampton, New York
Founded
1784
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Simplify's Take
What believers are saying
- BNY's $500 million preferred raises extend balance-sheet flexibility through volatile 2026 markets.
- RLUSD custody and Liontrust trading wins expand sticky fee income across two growth vectors.
- BNY Wealth manages $2.1 trillion AUM, supporting cross-sell into affluent clients and institutions.
What critics are saying
- BNY is closing Cork and Poole offices, risking roughly 400 jobs by 2027.
- Liquidity needs drove two 2026 preferred offerings, diluting common holders and raising capital costs.
- Digital-asset ambitions face regulatory delay; Galaxy staking waits for approval, slowing product monetization.
What makes BNY unique
- BNY custody and administration reached $62.6 trillion by June 30, 2026.
- Ripple chose BNY for RLUSD reserves custody in July 2025.
- Liontrust outsourced trading to BNY's Buy-Side Trading Solutions in June 2025.
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Benefits
Health Insurance
Paid Vacation
Flexible Work Hours
Remote Work Options
Unlimited Paid Time Off
Company News
Luminary, an AI-native wealth transfer and administration platform, has raised $22 million in Series A funding led by Ten Coves Capital. The round included participation from BNY and 8VC, bringing total funding to nearly $32 million since launching in 2021. The platform ingests estate documents and converts them into structured data that powers workflows for financial advisors, trust companies, law firms and accounting firms. This helps them scale guidance on tax-efficient wealth transfer strategy and trust administration. Luminary currently supports client assets totalling more than $500 billion. Customers include Caprock, IEQ Capital and Wealth Enhancement Group. The funding will be used to expand AI capabilities, integrations and administrative workflows, whilst growing the sales and business development teams.
BNY Mellon, the world's largest custody bank, oversees $62.6 trillion in client assets, primarily from pension funds, mutual funds, and other institutional investors. The bank generated $5.7 billion in revenue in the second quarter, up 13% year over year, with 70% derived from asset custody and servicing fees. Custody banks hold and service assets for large institutional customers, operating with a fee-based business model that generates reliable earnings across market cycles. BNY Mellon's fees increase as asset levels rise through appreciation or net inflows. The bank also earns revenue from investment management and interest income from sweep accounts, where idle client cash is invested in high-yielding instruments. As one of a handful of major custody banks, BNY Mellon benefits from a competitive moat and has been the best-performing bank stock over the past five years.
Bank of New York Mellon Corp acquired a new stake in The Pennant Group, Inc. (NASDAQ:PNTG – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 114,332 shares of the company’s stock, valued at approximately $4,225,000. Other hedge funds also recently made changes to their positions in the company. Caitong International […]
Bank of New York Mellon Corp acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,067 shares of the company’s stock, valued at approximately $4,033,000. […]
Bank of New York Mellon Corp acquired a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 461,945 shares of the company’s stock, valued at approximately $4,370,000. Other large investors have also recently […]