Institutional Middle Office Associate

The Associate is responsible for daily work that is primarily routine in nature and normally covers a specific sub-set of duties within a team. The expectations of the Associate are that he/she performs their duties with a high level of attention to detail and excellent customer service. Additionally, the Associate is expected to cross train within the various other areas of their team to assist and help back-up those areas when needed.

• Responsible for supporting OTC Market Making business clearing through BofAS and Pershing, including daily trade confirmations and settlement for US and foreign markets
• Serve as primary liaison between Institutional clients and front office for matching and settlement
• Identify, track, and work to clean up open fails to receive/deliver
• Process ADR conversions with different DR banks
• Monitor and communicate Reg SHO, buy-in with clearing firm and trading desk to make sure we are in line with regulatory requirements from FINRA
• Monitor corporate action items and FX with trading desk to avoid any trading risk
• Understand different OMS & back-office systems
• Maintain an understanding of team expectations and company policies
• Shared responsibility for team phone and e-mail coverage
• Keep management informed on any unusual requests and potential issues
• Maintain prompt and regular attendance
• This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary

• Bachelor’s degree in business, finance or related field or equivalent work experience
• At least 1-2 years prior work experience in banking or securities related field preferred
• Series 99, or equivalent (or ability to obtain within 6 months of employment)
• Strong critical thinking and analytical skills with high attention to detail
• Excellent organizational and time management skills with the ability to multi-task
• Effective communication skills – oral and written, with an emphasis on customer service
• Proficiency in Microsoft Office applications including, but not limited to Outlook, Excel, Word and PowerPoint
• Ability to take direction, work independently and within a team environment
• Adaptable to change in a highly regulated industry