About this role
Responsibilities include, but are not limited to:
- The role will provide specialized operational support to the structuring, booking, settlement and finalization of newly issued securities.
- Be abreast of industry regulatory requirements and support the roll out of new processes that affects the operations functions.
- Have a good knowledge and experience of the US primary and secondary markets and clearing systems, as well as the settlement mechanics of equities and options.
- Responsible for back-end processing, including but not limited to trade booking, allocations, confirmations, settlements.
- Performing basic reconciliation of client accounts (processing trade settlements, resolving discrepancies, inputting information into database, verifying check distributions, etc.).
- Interact with Trading Desks on a daily basis.
- Perform daily cash and position reconciliation.
- Provides comprehensive service for our internal/external clients.
- Follow control procedures in opening and closing transaction processing.
- Generates end of day reports.
- Knowledge of all Settlements Custodians: FED, DTC, Euroclear, FICC, Non-Dollar and Swift Messaging.
- Ensuring the efficient handling of securities and account transactions within tight deadlines.
- Process and monitor all daily securities transactions, including wire transfers, check deposits, and cash transfers.
- Ensure all securities transactions including free receipts and deliveries, global (non-USD) trades and all other securities related transactions including mutual funds and foreign exchange are processed.
- Ensure compliance with all legal and regulatory policies and requirements of the Private Bank.
- Resolve client inquiries and issues on a timely basis and as accurately as possible through effective and efficient use of Private Bank resource.
- Obtain and review documentation prior to submitting to management the details necessary for departmental audits. May take part in interdepartmental projects.
Qualifications
Required Skills:
- Strong fixed income portfolio management skills with a thorough understanding of various instruments and financial markets.
- Strong analytical skills.
- Demonstrate an understanding of various forms of risk, including market, operational, legal, and regulatory, as they relate to the Bank's securities portfolio.
- Strong oral and written communication and organizational skills.
- Demonstrate an ability to be a collaborative and effective member of a diverse and dynamic team environment.
- Knowledge of Bloomberg, NetX360, MS Excel including Macros.
Required Experience:
- High school diploma or GED and a minimum of 2 years of Brokerage Operations and banking experience.
- Experience in a bank or custodian environment is preferable.
- Bachelors' degree in finance, economics, business, mathematics, or related field is preferred.
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