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CIB Ops -Transaction Processing Specialist

Req #: 170099108
Location: Brooklyn, NY, US
Job Category: Operations
Potential Referral Amount: 3000 US Dollar (USD)

The Fixed Income Team is responsible for the processing of cash distributions for all fixed income products held in/financed through proprietary accounts and firm customers. The team is also responsible for the reconciliation of these payments to the various trustees or paying agents.

The objective of the Fixed income Team is to process payments for all types of mortgage-backed, treasury, municipal, corporate, and federal agency securities in a manner that is consistent with the firm’s internal policies and procedures and in accordance with the rules and requirements of the Securities and Exchange Commission (“SEC”) and all self-regulatory organizations (“SROs”) of which the firm is a member or to whose jurisdiction the Firm is subject.
- Receive payment announcement information from various vendor sources
- Balance Record Date positions for each payment
- Review various daily reports for announcement and payment reconciliations
- Allocate distributions to clients and firm books on payable date
- Review various daily reports for announcement and payment reconciliations
- Collect any funds due the firm from outside sources: either from sub-custodians or counterparts that owe funds on failed trades, repos, or stock lending claims.
- Process repo claims received from various lenders. (Claims processing)
- Reconcile all payable and receivable balances
- Identify the entitled party of any credit balance
- Identify and collect funds on any debit balance
- Monitor trial balance accounts and respond accordingly


As a Transaction Processing Specialist you will:

▪ Handles the complex processing, clearance, servicing or settlement of transactions/deals
▪ Completes account bookings and processing
▪ Monitors work queues                                                              
▪ Resolves transaction exceptions or rejects                                                                                          
▪ Security Wire Transfer processing                                                            
▪ Performs complex inquiries and research                                                        
▪ Completes routine operational balancing and reconciliations             
▪ Handles open item or payable/receivable resolutions                     
▪ May have direct customer contact    
▪ Serves as a subject matter expert for the area
▪ Processes complex non-routine accounts or transactions, performing investigations and repairs
▪ Analyzes information to determine accuracy and completeness of the data
▪ Performs research inquiries regarding reference data setup or maintenance


Skills required are:
  • Identify opportunities to reduce risks and increase efficiencies
  • Understand and become an expert user with all technological systems 
  • Comprehend operational procedures and controls--translating accurately into system requirements
  • Ensuring complete and accurate system execution, to include regression analysis and impact forecasting
  • Bachelor’s degree in Finance, MIS, or related field
  • Strong analytical skills with the ability to understand complex inter-system dependencies
  • Ability to develop both tactical and strategic solutions
  • Must be able to work effectively across department lines
  • Highly organized with project management skills
  • Strong oral and written communications skills
  • Demonstrates strong self-starter qualities
  • Microsoft Excel skills
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