Securities Services Ops Specialist II
About The Position
The Securities Services Operations Specialist II is primarily responsible for all transactional processing supporting Wealth Management accounts on the trust and/or bond accounting system which could include setting up and maintenance of securities, transactional processing, trade execution and settlement, foreign currency exchange, valuations and reconciliations. This position works closely with account officers within Wealth Management and Operations & Technology, Risk, Compliance and Audit departments, external depository’s, vendors and brokers to ensure that client accounts are reflected accurately for performance and reporting requirements. This position provides training and guidance and serves as an escalation point for issues requiring urgent and immediate resolution as well as a subject matter expert for support personnel for high risk processes.
Requirements
- Advanced working knowledge of a broad variety of securities and Wealth Management accounting systems.
- Advanced PC and operating software application skills.
- Thorough knowledge of accounting principles and practices with emphasis in reconciliation and detail-oriented tasks in a potentially high-volume environment.
- Excellent research, analytical, and organizational skills; ability to plan and coordinate movement of potentially large volumes of transactions.
- Must demonstrate previous experience independently solving complex problems, and identifying appropriate resources while meeting extremely stringent deadlines.
- Excellent communication and interpersonal skills, leadership ability, social and professional etiquette, including oral and written communication skills.
- Ability to communicate information clearly and concisely.
- Ability to gain consensus among parties with conflicting interests.
- Very strong ability to improve efficiency, track complex activities, and improve methodology.
- Ability to provide training in a constructive and effective manner to various levels of personnel.
Nice To Haves
- A general understanding of trust and/or bond accounting knowledge is preferable.
Responsibilities
- Apply knowledge of securities processing and Wealth Management to continually define, visualize, measure, analyze, improve, report, and control processes with the goal to meet internal and external customer and regulatory requirements.
- Ensure all security transactions, daily processes, documentation, and/or agreements are completed timely, accurately and within the policy guidelines.
- Verify completeness and accuracy of balance load information received as well as perform detailed reconciliation of participant balances by the source of funds and investment balances to assets or cash received from prior record keeper/trustee.
- Resolve complex issues timely to minimize losses to the bank and/or client and provide support to auditors, compliance, account officers, investment managers, WMS management, and support personnel.
- Design, test, and document reports necessary to support day-to-day operations and longer-term strategic decisions.
- Serve as the backup for other needs within Wealth Management Services functional units to identify solutions and assist with special projects.
Benefits
- excellent training and development
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
