Capital Markets Middle Office Specialist

South State Bank

5d•Onsite

About The Position

The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions. We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here! SUMMARY/OBJECTIVES It is the responsibility of the Middle Office Specialist – Correspondent Division to take ownership of all tasks and challenges that they encounter in the operation of their assigned position. This position is responsible for, but not limited to, supporting sales team, compliance and legal functions and finance and accounting functions. ESSENTIAL FUNCTIONS To ensure proper execution of Capital Markets related activities within established policies, procedures, regulatory and legal guidelines, while concurrently ensuring customer satisfaction (internal and external customers). Support sales team by providing customer reports and analysis: Communicate with customers Share derivative documentation and reports with sales team and customers Backup other middle office and back-office members when they are out of the office Support compliance and legal function as follows: Maintain and follow policies and procedures Maintain new customer documentation Generate and review transaction documentation File swap data repository File and maintain legal entity identifiers Support finance and accounting functions as follows: Generate and review MTM reports Customer support and onboarding Middle and Back Office Review derivative transactions for internal compliance Replicate derivate transactions in settlement software Maintain and reconcile ongoing derivative settlements Review and confirm derivative documentation in Markitwire Review ISDA confirmations Review and reconcile derivative settlement statement Supporting the middle office administration for the ARC program Ensures that all work prepared is timely and turned around within department guidelines and with the utmost accuracy Researches and analyzes financial data, interprets, and prepares reports of financial position and determines if additional information is needed Conduct portfolio reviews as needed Monitors the financial position of established accounts and brings irregularities to light May at times communicate directly with customers, CPAs, and internal company comptrollers Undertakes special projects related to job function Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements

Strong analytical IT skills
Ability to manage multiple requests simultaneously and work with other team members to ensure that daily responsibilities are handled timely
Proficient with general office machines and programs to include Microsoft Office Word, Excel, Outlook, and other software that might be utilized in the department
Ability to use the computer efficiently and the capacity to learn new software programs as they are rolled out by the Bank
Must have good knowledge of business English, including spelling and punctuation when writing
Must possess basic English language skills to speak clearly and effectively with coworkers and customers
Must be well-organized, accurate, and attentive to detail
Must be cooperative and willing to assist coworkers and customers on a regular basis
Must have effective listening skills demonstrated by the ability to listen to others talk (without interruption), understand them, and then propose solutions or make contributions based on the points made by others
Must possess excellent multi-tasking skills and be able to function well under pressure
Must be able to remain composed under pressure and respond to customer and coworker concerns regularly
Must have a keen eye for detail and follow instructions to the letter
Must be patient and willing to help others in solving problems while always maintaining a positive attitude
A bachelor’s degree in business, finance, or accounting
Three to five years related experience and/or training

Responsibilities

Support sales team by providing customer reports and analysis
Communicate with customers
Share derivative documentation and reports with sales team and customers
Backup other middle office and back-office members when they are out of the office
Maintain and follow policies and procedures
Maintain new customer documentation
Generate and review transaction documentation
File swap data repository
File and maintain legal entity identifiers
Generate and review MTM reports
Customer support and onboarding
Review derivative transactions for internal compliance
Replicate derivate transactions in settlement software
Maintain and reconcile ongoing derivative settlements
Review and confirm derivative documentation in Markitwire
Review ISDA confirmations
Review and reconcile derivative settlement statement
Supporting the middle office administration for the ARC program
Ensures that all work prepared is timely and turned around within department guidelines and with the utmost accuracy
Researches and analyzes financial data, interprets, and prepares reports of financial position and determines if additional information is needed
Conduct portfolio reviews as needed
Monitors the financial position of established accounts and brings irregularities to light
May at times communicate directly with customers, CPAs, and internal company comptrollers
Undertakes special projects related to job function