Securities Operations Senior

6 days ago

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Information Technology

10,000+

Description

• The Securities Operations Associate Senior will be responsible to help to help triage, troubleshoot and assist with oversight for all Income processing (mutual fund, SWEEP, DTC, FED, Foreign and line items) for clients. • Develops expert knowledge of fund accounting, shareholder servicing, and portfolio management software, as well as all department automation relevant to the daily valuation, trading, and reporting of funds. • Ensures all portfolio trades activity and trade settlements are accurately booked to Fund Accounting software. • Assists other team members in the completion of their responsibilities and assists with any other ad hoc requests as needed. • Reviews workflows for requests from internal business units and external clients. • Proactively monitors income projections and pre-balance accumulated totals and adjusts income maps to ensure accuracy. • Analyzes and elects client taxability for income on foreign securities. • Creates daily blotters to balance posting activity. • Gains an understanding of the various trading and revenue relationships with mutual fund companies and the agreements surrounding those relationships. • Provides high quality and accurate administrative and routine reporting to management. • Maintains high fiduciary standards to prevent losses due to administrative errors regarding broker of record. • Reviews, assesses, and updates procedures to ensure that all current processes surrounding new account setup and broker of record assignment are properly documented. • Ensures manual trades are processed correctly. • Relays files to and from Reliance. • Prepares monthly and weekly reports for manager (i.e. volume reports; outstanding problems report. • Processes all DTCC confirm and affirm files based on established schedule. • Matches broker confirms to trade ticket on trust accounting system identifying/escalating all exceptions. • Participates with other team members in reviewing and assessing current practices and procedures. • Participate in monthly storage procedures for department. • Other related duties assigned as needed.

Requirements

•2+ years' experience with securities operations (mutual fund management, trades, incomes, etc...) • Proficient in the use of basic office equipment and tools as well as applications specific to trust systems/processes • Requires strong problem-solving, time management, organizational and data entry skills • Requires attention to detail and the ability to multi-task and adjust schedules to meet deadlines • Ability to work in an organized manner • Ability to maintain confidentiality • Ability to communicate effectively verbally and in writing • Team skills, including the ability to establish and maintain effective working relationships with employees, clients and public