Investment Operations Securities Specialist Senior

City National Bank • Los Angeles, CA

1d • Onsite

About The Position

The Senior Securities Specialist will support responsibilities assigned to the Trust Operations team. Position will serve as a liaison between City National Bank and SEI Private Trust Company for such transactions as DDA Sweeps, Notes and Liabilities, Corporate Actions, Mutual Fund Trades, Trust Settlements and Asset transfers. Additionally, can support functions not processed by SEI Private Trust Company such as Document Imaging, Note Processing, and handling of physical securities.

Requirements

• 2+ years of banking operations experience
• 2+ years of experience with banking procedures, practices and regulations
• 2+ years of experience with Microsoft Word and Excel
• Ability to communicate with internal partners in difficult situations.
• Ability to read, interpret and understand investment related documents
• Thorough understanding of and experience, using procedures, practices and regulations governing trust-securities operations.
• Excellent verbal/written communication skills.
• Flexibility and ability to handle a large volume of work which includes multiple tasks while maintaining accuracy.

Nice To Haves

• Securities experience, preferably in trust securities, preferred.
• Bachelor's Degree or equivalent helpful

Responsibilities

• Acts as a liaison with SEI Private Trust Company and other internal departments for review of Corporate Actions or reorganizations (i.e., tender offers, mergers, acquisitions, conversions, redemptions, stock splits, stock dividends and litigation) related to Trust Department securities. Notifies Trust Department Account Officers of voluntary corporate reorganizations not responded to.
• Resolves problems and discrepancies related to mutual fund transactions, including but not limited to incoming and outgoing transfers of mutual funds.
• Coordinates with Account Officers, brokers and Investment Managers to arrange for settlement of securities. Contacts brokers in order to resolve failed trade securities. Utilizes subsystems, entering and receiving information related to pending trades. Prepares various trust accounting entries designed to reflect trade activity on customer account statements. Processes incoming and outgoing wire transfers for trade settlement.
• Ensures negotiability of assets by maintaining complete knowledge of rules regulating securities transfers. Prepares Securities Transmittal Letters for physical assets. Receives instructions from Account Officers to transfer outgoing and incoming assets. Maintains responsibility as vault custodian for the non-officer portion of the dual custody program.
• Provides consultative support and acts as a resource for internal and external business partners.
• Responsible for processing investment transactions and reconciling account information.
• Coordinates information and trade instructions among various trade desks and operational areas
• Reviewing system records and client agreements to ensure company standards and client eligibility are met.
• Able to verify accuracy, manage risk, resolve issues using multiple resources, account records and online systems
• Provides back-up for numerous functions when necessary

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree