Asset Servicing Associate

DTCC • Jersey City, NJ

7d • Hybrid

About The Position

The Asset Servicing Associate supports operational activities that enable securities to become eligible for DTCC services and receive ongoing servicing throughout their lifecycle. The role supports processing of DTC-eligible securities and related corporate action events, helping facilitate the movement of information, cash, and securities across the marketplace.

The role may support specialized functions across Underwriting and Corporate Actions. Underwriting is the entry point for securities to become eligible for DTCC services, while Corporate Actions supports income, distribution, and reorganization events. Depending on the functional area, activities may include security eligibility, Principal & Income processing, Stock Dividends, International Dividend Services, Mandatory Reorganizations, Voluntary Reorganizations, and other asset servicing functions.

The associate executes established operational processes and controls, owns assigned activities and deliverables, researches and resolves exceptions and inquiries, collaborates with business partners, and contributes to onboarding, projects, testing, process improvement, and business change activities. The role uses data, reporting, and technology tools to support decisions and improve execution quality, while maintaining a focus on service, quality, risk mitigation, and professional development.

Requirements

• Minimum 4 years of experience in Asset Servicing, Corporate Actions, Securities Operations, Custody and Clearing Operations, Capital Markets Operations, Financial Services Operations, or a related field.
• Strong attention to detail and consistent delivery of high-quality results.
• Ability to build working relationships and collaborate across teams and functional areas.
• Professional communication skills with stakeholders at various organizational levels.
• Strong knowledge of assigned products, processes, and operational functions.
• Sound judgment and critical-thinking skills to resolve operational issues and challenges.
• Ability to take ownership of deliverables and drive work to completion.
• Ability to adapt effectively to changing business needs and priorities.
• Accountability for individual performance and contribution to team objectives.
• Continuous learning mindset and interest in professional growth.

Nice To Haves

• Bachelor's degree preferred, or equivalent experience.
• Ability to support the development of others through knowledge sharing and collaboration.
• Ability to identify opportunities to improve efficiency, quality, controls, and operational effectiveness.

Responsibilities

• Execute operational processes using established procedures, controls, and business knowledge across underwriting, corporate actions, and other asset servicing functions.
• Take ownership of assigned operational activities and deliverables and complete them according to deadlines, service commitments, and quality standards.
• Research, analyze, and resolve operational exceptions, discrepancies, and inquiries, using sound judgment to identify appropriate resolution paths.
• Apply knowledge of asset servicing products, operational processes, and securities processing concepts to day-to-day activities.
• Build knowledge of department controls and incorporate risk and control processes into daily responsibilities to monitor and mitigate risk.
• Collaborate with internal and external business partners to resolve issues and support operational effectiveness.
• Support onboarding and knowledge sharing, and serve as a resource for less experienced team members.
• Participate in departmental projects, testing efforts, process improvement initiatives, and business change activities.
• Use data, reporting, and technology tools to support decision-making and improve execution quality.
• Identify opportunities to improve operational efficiency, quality, and process effectiveness.
• Maintain a focus on quality, service excellence, and continuous professional development.

Benefits

• Competitive compensation, including base pay and annual incentive.
• Comprehensive health and life insurance and well-being benefits, based on location.
• Pension / retirement benefits.
• Paid time off and personal/family care, and other leaves of absence to support physical, financial, and emotional well-being.
• Flexible/hybrid work model with three days onsite and two days remote.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed