We are seeking a Buy-In Specialist as part of Corporate and Investment Banking (CIB) Operations.
In this role, you will:
Monitor regulatory buy-in processes and action accordingly (204, Reg-T, MSRB)
Leverage buy-in processes to reduce fail obligations and firm risk (seg deficits)
Monitor CNS obligations and liabilities and liaise with Securities Lending to remediate short positions and fails to receive
Monitor Smart/TRACK system for buy-in notices from counterparties
Liaise with counterparties to remediate open buy-in obligations
Provide coverage for international buy-in obligations
Maintain firm policies and procedures relative to street buy-in practices
Manage client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, as well as, work to resolve confirmation and ISDA related issues
Lead or participate in moderately complex initiatives and deliverables
Contribute to large scale planning related to process, procedures and efficiencies with internal and industry related initiatives
Identify and recommend opportunities for process improvement and risk control development
Provide leadership to bring groups together to resolve multi-faceted complex issues
Serve as a leader on projects along with internal and industry related initiatives
Review and analyze complex functional and operational tasks that require in-depth evaluation
Exercise independent judgment and resolution to guide the deliverable
Resolve moderately complex issues
Lead team to meet functional area projects, and process deliverables
Leverage solid understanding of functions, policies, procedures and compliance requirements
Mentor and assist analysts
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Required Qualifications, US:
4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
BS/BA degree in Finance or related field.
3+ years of experience in the securities industry with emphasis on buy-in and international trade settlement
Detail oriented with effective organizational skills
Proficiency in Microsoft Excel is required for analytical purposes (e.g., pivot s, vlookups, sumifs, etc.).
Basic knowledge of Microsoft PowerPoint is required to support the group's presentations to senior management.
Strong written and oral communication skills.
Expert knowledge of DTCC Smart/TRACK system, OW, Settlement Web and FINRA
Expert knowledge of buy-in rules for domestic markets including DTC, Fed and physical clearance
Working knowledge of buy-in rules for international markets including Euroclear, Clearstream, Crest and various local markets
Working knowledge of Broadridge systems including GLOSS, Impact and BPS
Working knowledge of Prime Broker operations
Job Expectations:
Monday - Friday - multiple shifts between 6:00am and 6:00pm
This position offers a hybrid work schedule in Charlotte.
Relocation assistance is not available for this position.