Settlement & Reconciliation Specialist II

Join a team that values your ambition and empowers your growth At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations.

We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.

• Settlement Monitor executed equity and fixed income orders via order management systems and FIX lines for accuracy and ensure all trades are properly maintained in the systems with a goal to achieve high percentages of straight-through processing for transactions
• Review trade confirm and transaction reports to identify and resolve any issues with order details to avoid expensive failed trade scenarios
• Work with third-party settlement software to address affirmation and settlement oftrades
• Perform quality control checks of tax-lot relief and cost basis settings in custody and portfolio management systems to ensure tax-sensitive trading is managed properly
• Report cash deficiencies and failed trades to traders and client service teams promptly to avoid potential negative experiences for clients
• Maintain transaction files and confirmations in compliance with record-keeping obligations
• Assist traders with activity associated with the placement and processing of orders in securities
• Stay apprised of corporate actions that may require position adjustments or trades to address requirements to sell securities that are not part of a stated investment program
• Develop and maintain strong relationships with executing brokers and custodians to facilitate efficient processing of transactions in securities
• Reconciliation Review and resolve any and all differences between the firm’s cash and asset positions compared to the records of the respective custodians of clients’ cash and assets
• Research and work to resolve exceptions
• Provide management with reports on various metrics associated with client account activity

• Technology:
  Salesforce, Portfolio and Order Management Software, Microsoft Suite (competency orability to learn quickly)
• Proactivity
• Organization
• Time management
• Confidentiality / discretion
• Excellent verbal, written, analytical, and organizational skills
• Ability to identify, meet and follow through with client needs and requests
• Able to work independently
• Enjoy being part of a team
• Must be highly flexible and confidential with all client and firm matters

This position is non-exempt and is paid according to the laws of the State of Massachusetts. The pay range for this position is $30.00 - $37.00 USD per hour. We are required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs.

It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience.

This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible.…