Middle Office Service & Supp Specialist

Responsibilities include, but are not limited to:

• The role will provide specialized operational support to the structuring, booking, settlement and finalization of newly issued securities.
• Be abreast of industry regulatory requirements and support the roll out of new processes that affects the operations functions.
• Have a good knowledge and experience of the US primary and secondary markets and clearing systems, as well as the settlement mechanics of equities and options.
• Responsible for back-end processing, including but not limited to trade booking, allocations, confirmations, settlements.
• Performing basic reconciliation of client accounts (processing trade settlements, resolving discrepancies, inputting information into database, verifying check distributions, etc.).
• Interact with Trading Desks on a daily basis.
• Perform daily cash and position reconciliation.
• Provides comprehensive service for our internal/external clients.
• Follow control procedures in opening and closing transaction processing.
• Generates end of day reports.
• Knowledge of all Settlements Custodians: FED, DTC, Euroclear, FICC, Non-Dollar and Swift Messaging.
• Ensuring the efficient handling of securities and account transactions within tight deadlines.
• Process and monitor all daily securities transactions, including wire transfers, check deposits, and cash transfers.
• Ensure all securities transactions including free receipts and deliveries, global (non-USD) trades and all other securities related transactions including mutual funds and foreign exchange are processed.
• Ensure compliance with all legal and regulatory policies and requirements of the Private Bank.
• Resolve client inquiries and issues on a timely basis and as accurately as possible through effective and efficient use of Private Bank resource.
• Obtain and review documentation prior to submitting to management the details necessary for departmental audits. May take part in interdepartmental projects.