Investment Operations Securities Specialist Senior

City National Bank • Newark, DE

90d • $25 - $41

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 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, Handling of physical securities and Fee Processing.

Requirements

• Bachelor's Degree or equivalent.
• Minimum 6 years of securities experience, preferably in trust securities.
• Minimum 6 years of experience with procedures, practices and regulations governing trust-securities operations.

Nice To Haves

• Requires interpretation and analysis in understanding the nature of reorganizations and identifying Corporate Actions affecting customer accounts.
• Ability to perform research and analysis of data related to the preparation of accounting and tax reporting entries.
• Ability to deal with Investment Managers and brokers in difficult situations.
• Ability to interpret documentation written in a legal context.
• Thorough understanding of and experience using procedures, practices and regulations governing trust-securities operations.
• Computer systems experience preferred.
• Lead position experience preferred.
• Excellent verbal/written communication skills.
• Extreme flexibility, ability to handle a large volume of work which includes multiple tasks while maintaining accuracy.

Responsibilities

• Acts as a liaison with SEI Private Trust Company and other internal departments for review of Corporate Actions or reorganizations 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 incoming and outgoing transfers of mutual funds.
• Coordinates with Account Officers, brokers and Investment Managers to arrange for settlement of securities.
• Contacts brokers 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.
• Reviews system records and client agreements to ensure company standards and client eligibility are met.
• Verifies accuracy, manages risk, resolves 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: Bachelor's degree
• Number of Employees: 5,001-10,000 employees