Trade Settlement / Cash Specialist
Lenmar Consulting Inc, Chesterbrook, PA, United States
Status (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigation
Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository
Adherence to client Service Level Agreements/Descriptions (SLA/SLD)
Inquiry management, with attention to established timelines
Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls
Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager
Elevate potential risk – client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy
Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines
Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.
Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)
Actively participate and contribute to personal development and career development alongside the team lead/manager – training courses, research, initiatives, etc.
Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams
Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery
Actively participate in projects – independently, with team/partners, and regionally
Minimum Required Qualifications
College/University degree
Experience in the financial services industry at a bank/broker, service provider or as a custodian
Familiarity with the trade lifecycle and industry participants to the process flow
Fed direct participant experience – 1 years or more
Preferred Qualifications
SWIFT messaging - securities, cash, reporting and FX message types
Client or Operational support experience for global agent network
Background in project lifecycle participation, delivery and reporting
Fedwire or CHIPs funds transfer experience
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Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository
Adherence to client Service Level Agreements/Descriptions (SLA/SLD)
Inquiry management, with attention to established timelines
Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls
Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager
Elevate potential risk – client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy
Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines
Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.
Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)
Actively participate and contribute to personal development and career development alongside the team lead/manager – training courses, research, initiatives, etc.
Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams
Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery
Actively participate in projects – independently, with team/partners, and regionally
Minimum Required Qualifications
College/University degree
Experience in the financial services industry at a bank/broker, service provider or as a custodian
Familiarity with the trade lifecycle and industry participants to the process flow
Fed direct participant experience – 1 years or more
Preferred Qualifications
SWIFT messaging - securities, cash, reporting and FX message types
Client or Operational support experience for global agent network
Background in project lifecycle participation, delivery and reporting
Fedwire or CHIPs funds transfer experience
#J-18808-Ljbffr