Operations Specialist
Key Responsibilities
- Process and reconcile trades, ensuring accurate and timely settlement of securities transactions, and handle any discrepancies that may arise.
- Coordinate with Pershing LLC, clearing houses, and custodian banks to facilitate secure custody of client assets and ensure proper clearance of transactions.
- Be in frequent contact with brokers and depositories such as DTCC and Clearstream while working to resolve open-firm obligations and other miscellaneous enquiries.
- Set up and maintain Security Master File for Structured Notes and CDs.
- Monitor margin reports and act accordingly to manage Margin Calls.
- Good standing of Regulatory reporting (DTCC).
- Monitor and process corporate actions, such as dividends, mergers, and stock splits, to accurately reflect changes in client portfolios.
- Process securities transfers at Pershing (internal, depo to depo, and ACAT).
- Perform daily, monthly, and periodic reconciliations to ensure accurate records of client accounts, trades, and positions.
- Conduct daily cash and position reconciliations to identify and resolve discrepancies promptly.
- Collaborate with the compliance team to adhere to regulatory requirements, monitor trading activity, and assist in the preparation of required reports.
- Provide exceptional customer service by addressing client inquiries and resolving issues related to their accounts, trades, and holdings.
- Collaborate with IT and software vendors to improve existing operational processes and implement enhancements as needed.
Qualifications
- Bachelor’s degree in Finance, Business, or a related field.
- Relevant professional certifications – FINRA Series 99 is required.
- Proven experience in securities operations or a similar role within a broker-dealer environment.
- In-depth knowledge of securities products, trade lifecycle, and industry regulations.