Contract Fulfillment Specialist (Job Number: 1302711)
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.
Financial Markets and Treasury Services deliver high quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives in addition to acting as issuers of debt and equity securities, as well as financial intermediaries and investors worldwide, share a common need for innovative and efficient securities services. The Bank of New York Mellon provides Treasury Services, Depository Receipt Services, Global Corporate Trust Services, and Alternative & Broker-Dealer Services.
The Contract Fulfillment Specialist is responsible for assessment and control efforts of the Contract Fulfillment group related to amendments to the Treasury Services Terms and Conditions and customized agreements with existing and prospective Corporate and Government Customers. Services include, but not limited to, Treasury Services cash management services, Enterprise Service agreements to banks and their clients, Asset Account Services (for broker dealers), Corporate Card, three party blocked deposit accounts, Non Disclosure and Confidentiality agreements and limited international cash services. Provide contractual risk oversight to ensure effective compliance with service contract obligations for corporate and all government (federal, state and local) entities. Incumbent has the authority and latitude to sign standard and non-standard service agreements. Incumbent manages processes that ensure compliance with risk/control-related policies and procedures, laws and regulations and risk mitigates are in place to prevent losses to the Bank. Primary functions will include, but not limited to, risk identification and assessment, coordination of documentation, and implementation of customized documents. Incumbent effects constant awareness among Treasury Services units, including but not limited to, Sector Risk, Sector Compliance, Legal, Sales, Product, Operations, Client Support and Relationship Management regarding risk and compliance management related to documentation. Has direct customer contact regarding contracts. The Incumbent may lead or participates in service enhancements and product revisions as they relate to Terms and Conditions and agreements, and provide status reports as required. He/she provides project management expertise as assigned.
Incumbent should have 10 years of banking experience and/or related audit or risk/compliance management experience. Knowledge of legal document components, contractual guidelines and implications of insufficient documentation. Ability to lead or work with various Treasury Services units to ensure service contracts and agreements are current with regulatory changes and changes within the treasury services industry. Paralegal certification is required.Incumbent must have the ability to identify complex components of risk/compliance as well and the knowledge of the course of action to take to minimize such risk/compliance. Possess the strong ability to independently develop strategies to address risk/compliance assessment deficiencies. Incumbent must have the ability to address complex issues related to resolving customer requests for amendments and the latitude to address and resolve such requests. Incumbent must possess an excellent understanding of Treasury Service product and how service change may effect the Terms and Conditions and/or agreements. Incumbent has the authority and latitude to sign all service contracts.The job is an integral function with the Treasury Services contract fulfillment group. The fulfillment and management of the government contract process is critical to the Bank s compliance with each government contract. Failure to comply with each contract obligations could result in fines, termination of the contract or penalties, as well as the Bank s reputation. Incumbent interacts directly and indirectly with clients and directly with other areas of Treasury Services and the Bank, as applicable, such as Legal, Corporate Government Compliance Unit, and Sector s Risk and Compliance units.Incumbent interacts with internal and external parties as required to ensure compliance with contracts and to provide the requested service set up forms and contract documentation. Person should possess an excellent knowledge and understanding of Treasury Services products and services and Corporate compliance requirements, as well as the ability to assess and develop enhancements to process workflows. Skills should also include an excellent reading comprehension of legal documents, oral and written communication skills, and customer relations and interpersonal skills. Incumbent must possess the ability to work independent and present risk issues to management for implementation.
Primary Location: United States-USA-PA-Pittsburgh
Internal Jobcode: 01796
Job: Customer/Client Service
Organization: Fin Mkts & Trea Serv-HR06025
BNY Mellon - 2 years ago
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