Operations Associate - Clearance and Settlement Specialist

D.A. Davidson • Great Falls, MT

4d

About The Position

The Clearance and Settlement Specialist is responsible for trade reconciliation, processing daily security trade settlements, reconciling securities, and money transactions. The qualified candidate will possess the ability to multi-task, have good organization skills, retain a proven track record of producing accurate work and display a keen attention for detail.

Requirements

• High school diploma with three years related office experience.
• Basic knowledge of or willingness to learn securities clearing and settlement functions, financial products, and general accounting principles (debits and credits).
• Strong organizational skills and attention to detail
• Proficiency in digital literacy includes Microsoft Outlook, Word, and Excel
• Ability to follow department policies and procedures; maintain client confidentiality.
• Good communication skills, verbal and written.
• Demonstrated ability to work independently and complete assigned tasks and projects.
• Communicate in a clear and service-oriented manner; use appropriate, professional language to optimally exchange ideas and information.
• Ability to maintain regular, predictable attendance.

Responsibilities

• Process daily delivering and receiving trade settlements for institutional and retail accounts.
• Reconcile security positions and money transactions for all exchanges to ensure accurate posting of securities transactions for settlement.
• Maintain collateral with financial institutions as needed to ensure the proper levels are met to facilitate settlement of trades.
• Compile the preliminary and final settlement figures daily.
• Work in partnership with front office sales and trading in managing settlement fails; instituting process changes to improve efficiency and productivity.
• Process stock/loan borrow transactions.
• Review trade and settlement reports to ensure accurate information.
• Maintain policy and procedure manuals for department.
• Provide Operational Support to the Municipal Bond Underwriting department
• Physical inventory count of financial securities
• Perform other duties as assigned.

Benefits

• Company 401(k)and ESOP contribution
• Generous sick, vacation, and maternity/parental leave
• Paid holidays
• Professional Development Opportunities
• Discounted personal insurance including home, auto and recreational vehicles
• Charitable gift-matching program
• Davidson Day of Giving â Our tradition of positively impacting communities in which we live and work.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees