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Form of workJob Overview
The role of VFMI Investments Operations Analyst offers a unique opportunity to work with several business areas including the firms Fixed Income trading desk, FX trading desk, Private Banking, Compliance and Technology to support the firms' brokerage accounts. Candidate's ability to participate in a multitude of activities are essential. Knowledge of Fixed Income products, trade flow and settlements is essential. Forward thinking with an eye for process improvement and key control enhancements is critical.
Job Description
Responsibilities include, but are not limited to:
Requirements
Required Skills:
Required Experience:
The role of VFMI Investments Operations Analyst offers a unique opportunity to work with several business areas including the firms Fixed Income trading desk, FX trading desk, Private Banking, Compliance and Technology to support the firms' brokerage accounts. Candidate's ability to participate in a multitude of activities are essential. Knowledge of Fixed Income products, trade flow and settlements is essential. Forward thinking with an eye for process improvement and key control enhancements is critical.
Job Description
Responsibilities include, but are not limited to:
- The role will provide specialized operational support to the structuring, booking, settlement and finalization of newly issued securities.
- Be abreast of industry regulatory requirements and support the roll out of new processes that affects the operations functions.
- Have a good knowledge and experience of the US primary and secondary markets and clearing systems, as well as the settlement mechanics of equities and options.
- Responsible for back-end processing, including but not limited to trade booking, allocations, confirmations, settlements.
- Performing basic reconciliation of client accounts (processing trade settlements, resolving discrepancies, inputting information into database, verifying check distributions, etc.).
- Interact with Trading Desks on a daily basis.
- Perform daily cash and position reconciliation.
- Provides comprehensive service for our internal/external clients.
- Follow control procedures in opening and closing transaction processing.
- Generates end of day reports.
- Knowledge of all Settlements Custodians: FED, DTC, Euroclear, FICC, Non-Dollar and Swift Messaging.
- Ensuring the efficient handling of securities and account transactions within tight deadlines.
- Process and monitor all daily securities transactions, including wire transfers, check deposits, and cash transfers.
- Ensure all securities transactions including free receipts and deliveries, global (non-USD) trades and all other securities related transactions including mutual funds and foreign exchange are processed.
- Ensure compliance with all legal and regulatory policies and requirements of the Private Bank.
- Resolve client inquiries and issues on a timely basis and as accurately as possible through effective and efficient use of Private Bank resource.
- Obtain and review documentation prior to submitting to management the details necessary for departmental audits. May take part in interdepartmental projects.
Requirements
Required Skills:
- Strong fixed income portfolio management skills with a thorough understanding of various instruments and financial markets.
- Strong analytical skills.
- Demonstrate an understanding of various forms of risk, including market, operational, legal, and regulatory, as they relate to the Bank's securities portfolio.
- Strong oral and written communication and organizational skills.
- Demonstrate an ability to be a collaborative and effective member of a diverse and dynamic team environment.
- Knowledge of Bloomberg, NetX360, MS Excel including Macros.
Required Experience:
- High school diploma or GED and a minimum of 2 years of Brokerage Operations and banking experience.
- Experience in a bank or custodian environment is preferable.
- Bachelors' degree in finance, economics, business, mathematics, or related field is preferred.
