Our client, a leading bank, is looking for an Investment Operations Specialist Lead professional to join their growing team.
WHAT IS THE OPPORTUNITY?
The Investment Ops Specialist Lead will support responsibilities assigned to the Trust Operations team. Position will serve as a liaison between The Bank and SEI Private Trust Company for such transactions as Corporate Actions, Mutual Fund Trades, Trust Settlements and Asset transfers. Additionally, can support functions not processed by SEI Private Trust Company such as Document Imaging, Note Processing, Handling of physical securities and Fee Processing. The position can direct and assist in supervising colleagues in Trust Operations.
Banking and Investment Services Division
Banking and Investment Services plays an integral role in leading the strategic vision and execution of all banking operations. Our servicing and operations professionals partner closely with all of our lines of business to carry out critical functions, including client/deposit servicing, contact center operations, payments processing, and trade and lending operations, while identifying and mitigating risk throughout the organization. Servicing and operations professionals seek to transform and define an integrated support model through automation and cutting-edge digital technologies, to deliver an excellent experience for our clients and businesses.
WHAT WILL YOU DO?
Acts as a liaison with SEI Private Trust Company and other internal departments for review of
Corporate Actions or reorganizations (i.e., tender offers, mergers, acquisitions, conversions, redemptions, stock splits, stock dividends and litigation) related to Trust Department securities. Notifies Trust Department Account Officers of voluntary corporate reorganizations not responded to.
Resolves problems and discrepancies related to mutual fund transactions, including but not limited to incoming and outgoing transfers of mutual funds.
Coordinates with Account Officers, brokers and Investment Managers to arrange for settlement of securities. Contacts brokers in order to resolve failed trade securities. Utilizes subsystems, entering and receiving information related to pending trades. Prepares various trust accounting entries designed to reflect trade activity on customer account statements. Processes incoming and outgoing wire transfers for trade settlement.
Ensures negotiability of assets by maintaining complete knowledge of rules regulating securities transfers. Prepares Securities Transmittal Letters for physical assets. Receives instructions from Account Officers to transfer outgoing and incoming assets. Maintains responsibility as vault custodian for the non-officer portion of the dual custody program.
Provides consultative support and acts as a resource for internal and external business partners;
Responsible for processing investment transactions and reconciling account information;
Coordinates information and trade instructions among various trade desks and operational areas
Reviewing system records and client agreements to ensure company standards and client eligibility are met
Able to verify accuracy, manage risk, resolve issues using multiple resources, account records and online systems
Provides back-up for numerous functions when necessary
WHAT DO YOU NEED TO SUCCEED
Minimum 8 years of securities experience, preferably in trust securities.
Minimum 8 years of experience with procedures, practices and regulations governing trust-securities operations.
Skills and Knowledge
Requires interpretation and analysis in understanding the nature of reorganizations and identifying Corporate Actions affecting customer accounts and in understanding the terms and negotiability of trade settlement confirmations.
Ability to perform research and analysis of data related to the preparation of accounting and tax reporting entries, and interest/dividend payments as well as in encouraging resolutions of failed trade securities.
Ability to deal with Investment Managers and brokers in difficult situations.
Ability to interpret documentation written in a legal context
Thorough understanding of and experience, using procedures, practices and regulations governing trust-securities operations.
Computer systems experience preferred.
Lead position experience preferred.
Excellent verbal/written communication skills.
Extreme flexibility, ability to handle a large volume of work which includes multiple tasks while maintaining accuracy.