Paying Transfer Agent Operations Specialist 5
About The Position
Join a specialized operations team supporting time-sensitive financial transactions for corporate trust clients. The role processes and settles Commercial Paper, Certificates of Deposit, and Medium-Term Notes, ensuring transactions are completed accurately and on time. It involves working with internal partners, broker-dealers, issuers, and other stakeholders to research issues, reconcile transactions, review documentation, and ensure payments and settlements are completed correctly. This is a fast-paced, detail-oriented position where urgency and accuracy are important. The role supports daily DTCC participant account operations, transaction servicing, reconciliation, settlement monitoring, client support, data maintenance, and process improvement. The position is based at the OH-Lunken Operations office and requires working from a U.S. Bank location three or more days per week. The stated schedule is Monday through Friday, 8:00 a.m. to 4:30 p.m.
Requirements
- High school diploma or equivalent.
- Three or more years of experience in transaction processing.
- Urgency and accuracy in a fast-paced, detail-oriented environment.
Nice To Haves
- Experience in financial processing, banking operations, analyst or specialist work, transaction processing, reconciliation, or mortgage processing provides a transferable foundation.
- Previous Commercial Paper or money-market-instrument experience is not required.
Responsibilities
- Support daily operations of DTCC participant accounts, including settlement and servicing of Commercial Paper, Certificates of Deposit, and Medium-Term Notes.
- Monitor incoming requests and review trade documentation to ensure transactions are processed accurately and on time.
- Review and process Survivor Option early redemption requests, ensuring beneficiary documentation meets program requirements before eligible items are prepared for payment.
- Review, validate, and process security exchange requests according to established procedures.
- Perform daily cash balancing and reconciliation between SPANS and DTCC systems, research discrepancies, and help ensure accurate funding and settlement activity.
- Monitor trade settlement and proactively research and resolve transactions that do not settle as expected.
- Build and maintain client relationships by providing responsive support and helping resolve operational inquiries.
- Collaborate with internal partners, broker-dealers, issuers, and other stakeholders to address issues and support daily servicing needs.
- Maintain accurate transaction data and gather information used for tracking and reporting.
- Identify process improvement opportunities and support the team's operational effectiveness.
- Perform additional duties and responsibilities as assigned to support business and operational needs.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
- Incentive and recognition programs
- Equity stock purchase
- 401(k) contribution
- Pension
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
