Settlements and Cash Specialist
eTeam, Chesterbrook, PA, United States
Job Title
Settlements and Cash Specialist Job Duration
07 month (Hybrid) Location
Chesterbrook Blvd Chesterbrook PA 19087 Candidate Success Factors
Results and Impact Leadership and Collaboration Client, Customer and Stakeholder Focus Compliance Culture and Conduct Responsibilities
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, client’s 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 DTC experience (or global depository, ICSD)
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Settlements and Cash Specialist Job Duration
07 month (Hybrid) Location
Chesterbrook Blvd Chesterbrook PA 19087 Candidate Success Factors
Results and Impact Leadership and Collaboration Client, Customer and Stakeholder Focus Compliance Culture and Conduct Responsibilities
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, client’s 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 DTC experience (or global depository, ICSD)
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