Operations Specialist - Trade Settlements; Federal Reserve

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

The Operations Specialist
-FRB Settlements is directly responsible for specialized functions within Trade Processing, including the processing and settling of security trades settling at the FED. This would include activities such trade settlement, TBA processing, Client communication, and reconciliation.

Transactions Processing

• Process all deliver and receive orders settling with other brokers/ banks – US Government and Federal agency Mortgage-Backed securities clearing through FRB (Bank of NY) for our custody accounts. Adhere to all daily deadlines.
• Verify the trade information vs. broker presentation received from the client via the Sonic system. This includes account number, quantity, CUSIP, etc.
• Manage daily volume.

Problem/Conflict Resolution

• Review and resolve discrepancies in order information received (for example FRB reclaims)
• Escalate problem items as appropriate

Communications

• Communicate professionally and constructively to effectively via email, phone, etc. with internal and external clients and counter parties resolve issues to minimize risk and exposure.
• Provide superior client service.
• Communicate as part of a team.
• Contribute to Management Reporting. This may include providing statistics on work volumes.

Process Improvement

• Gain efficiency to improve individual productivity.
• Gain an understanding of the big picture – how specific function impacts the firm.
• Contribute to Division or Firm process improvement activities.

• BS/BA degree or equivalent work experience.
• Demonstrated PC skills.
• Ability to identify, elevate and resolve a problem.
• Ability to communicate professionally through effective verbal and written skills.
• Ability to manage time efficiently and effectively.
• Organizational skills and detail-oriented.
• Ability to multi-task.
• Ability to work in a team environment.
• Ability to meet deadlines and work under pressure

NJ: $50,000 - $60,000 base salary + annual target bonus

BBH’s total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.

• long-term savings
• healthcare
• income protection
• professional development opportunities
• time off

Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.

We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts.

No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your…