Job Fund Administrator
Employer The Bank of New York Mellon, Dublin
Education BA Economics, National University of Ireland, Maynooth (2007)
At college, one of my senior lecturers was on the board of management at an Irish bank. This really resonated with me, as it showed how far you can go in the finance sector. A friend started work as a fund administrator two or three months before me; hearing her describe her job I knew it was something I wanted to do.
After sending my CV to a specialist agency, they organised an interview with The Bank of New York Mellon and I was interviewed by my current manager and my supervisor. The atmosphere was friendly and relaxed and three weeks later I was offered the job.
My main role is to make sure that we're not under- or overvaluing funds. There are seven fund administrators on my team and our daily responsibilities entail running reports on which securities our clients hold on their funds. We validate all prices by checking ours against a number of different exchanges or vendors, and we price anything that our vendors can't price themselves. We also set up new securities on our systems, and deal with queries from other teams.
There are ongoing research projects to keep us busy too. For example, we are currently looking at automating the pricing of precious metal futures – securities traded with precious metals as the underlying asset – to minimise the risk of pricing errors. I try and fit these kinds of projects around my daily workload.
One of the most satisfying aspects of my job is the amount of direct client contact I have. As we deal with high net-worth investors, I get to talk to my clients on a daily basis. I also get to see what's going on directly in the market. The financial events of the last year are reflected in my reports, giving a fascinating real-world context to my work. There is great potential for career progression as well; everyone's encouraged to interview for new positions where appropriate.
You can bring a variety of degrees to this industry, such as maths, economics or business – you don't need to have studied finance. If you like being pushed and are capable of going that little bit further on your own initiative, then finance might be a good career choice for you.