Investment Operations Securities Specialist Senior
This job is no longer available
There are still lots of open positions. Let's find the one that's right for you.
About The Position
The Senior Securities Specialist will support responsibilities assigned to the Trust Operations team. This position will serve as a liaison between City National Bank and SEI Private Trust Company for transactions such as Corporate Actions, Mutual Fund Trades, Trust Settlements, and Asset transfers. Additionally, the role can support functions not processed by SEI Private Trust Company, including Document Imaging, Note Processing, Handling of physical securities, and Fee Processing. The specialist acts as a liaison with SEI Private Trust Company and other internal departments for the 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. They will notify Trust Department Account Officers of voluntary corporate reorganizations that have not been responded to. The role involves resolving problems and discrepancies related to mutual fund transactions, coordinating with Account Officers, brokers, and Investment Managers to arrange for the settlement of securities, and contacting brokers to resolve failed trade securities. The specialist will utilize subsystems to enter and receive information related to pending trades and prepare various trust accounting entries designed to reflect trade activity on customer account statements. They will also process incoming and outgoing wire transfers for trade settlement and ensure the negotiability of assets by maintaining complete knowledge of rules regulating securities transfers. Additionally, they will prepare Securities Transmittal Letters for physical assets and maintain responsibility as vault custodian for the non-officer portion of the dual custody program, providing consultative support and acting as a resource for internal and external business partners.
