17 days old

SF Operations Specialist, Senior Associate

2001 SSB&T
Boston, MA 02109
  • Job Code
    R-636293

Role Summary

In the Enhanced Custody group, processes new borrows and loans, returns, and mark to markets for international markets with each counterparty and ensures proper collateralization (e.g., 105% margin) associated with assigned securities.  Monitors fails, researches, and reconciles discrepancies and completes daily collateral and DDA balancing.  Communicates with counterparts, internal departments, and cross-organizational units daily regarding lending/borrowing activity.

 

Responsibilities

Performs several or all of the following duties based on assigned desk (domestic, international) and/or product(s):

Processes high volume of international loans, borrows, loan returns, borrow returns and mark to markets daily adhering to established procedures and controls; executes cash movements daily; monitors and resolves pending and failing transactions.

Interfaces with traders, client management, fund group(s) and counterparts regarding international trade settlements and cash movements

Executes instructions to receive or deliver securities from counterparties.

Confirms end of day re-pricing and money movements with counterparts.

Reviews contract compare records to validate positions with each counterparty.

Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.

Assists with the resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc.

Runs and logs critical reports to the balance sheet and provides relevant parties with appropriate report statistics.
Completes special projects as assigned; provides assistance to operational process improvement efforts

 

Qualifications

Bachelor's degree.

Minimum 2-4 years related experience.

Communication, organization, problem solving, analytical and prioritization skills.

Knowledge of securities finance and/or investment industry.

Knowledge of financial transaction processing, pricing, and cash balancing concepts and techniques.

Knowledge of custody/accounting.

Ability to multi-task.

Ability to meet deadlines in a fast-paced, time sensitive environment.

Attention to detail.

Customer focus.

Team player.

PC proficient.

Helpful, but not required: knowledge of the Global One system.







Posted: 2020-02-01 Expires: 2020-03-01
Sponsored by:
Farm Credit Services of America Logo
Sponsored by:
Bank of America Logo

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SF Operations Specialist, Senior Associate

2001 SSB&T
Boston, MA 02109

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