Oversee regulatory buy-in processes and take appropriate actions in accordance with 204, Reg-T, and MSRB regulations.
Utilise buy-in procedures to minimise fail obligations and mitigate firm risks, including segregation deficits.
Monitor Continuous Net Settlement (CNS) obligations and liabilities, collaborating with Securities Lending to address short positions and fails to receive.
Track buy-in notices from counterparties via the Smart/TRACK system.
Work with counterparties to resolve open buy-in obligations.
Provide support for international buy-in obligations.
Maintain company policies and procedures related to street buy-in practices.
Manage various operational tasks, including client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, and resolving confirmation and ISDA-related issues.
Lead or participate in moderately complex initiatives and deliverables.
Contribute to large-scale planning for process, procedure, and efficiency improvements, aligning with internal and industry-related initiatives.
Identify and recommend opportunities for process improvement and risk control.
Required Qualifications
Minimum of 4 years of Institutional Investment Operations experience or equivalent, demonstrated through work experience, training, military service, or education.
Desired Qualifications
Bachelor's degree in Finance or a related field.
At least 3 years of experience in the securities industry, focusing on buy-in and international trade settlement.
Strong attention to detail and effective organisational skills.
Proficiency in Microsoft Excel for analytical purposes (e.g., pivot tables, VLOOKUPs, SUMIFS, etc.).
Basic knowledge of Microsoft PowerPoint for supporting group presentations to senior management.
Strong written and verbal communication skills.
Expert knowledge of the DTCC Smart/TRACK system, OW, Settlement Web, and FINRA.
In-depth 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.
Familiarity with Broadridge systems, including GLOSS, Impact, and BPS.
Understanding of Prime Broker operations.
Seniority level
Associate
Employment type
Full-time
Job function
Information Technology
Industries
Executive Search Services
Referrals increase your chances of interviewing at Cutting Edge Search by 2x