Clearing Operations Associate

Responsibilities

• Primary owner and processor for distributions (dividends, interest, etc), reorganizations (reverse splits, mergers, etc.), and redemptions (maturities, calls, etc).
• Review and validate corporate action event details with rigorous attention to accuracy before posting to customer accounts, minimizing risk of errors and potential firm exposure.
• Interface daily with external vendors and custodians (DTC, OCC, BNY, ICE) to confirm accuracy of event and allocation details.
• Balance and reconcile all corporate actions booked versus the corresponding suspense and wash accounts. Ensure the corporate action house accounts are balanced daily.
• Research breaks and open items to ensure they do not become aged.
• Serve as the subject matter expert (SME) for corporate actions for internal departments and external partners.
• Respond to corporate action related Zendesk tickets and handle voluntary corporate action requests.
• Enhance and iterate on procedures to incorporate new tasks, asset classes, and other processes.
• Assist on automation of daily self-clearing processes collaborating with engineering.
• Learn other areas in the clearing space to assist in downtime.

Requirements

• 3+ years of Corporate Actions experience.
• Direct DTC Corporate Action Web experience.
• Knowledge of ICE CA data, BNY processing, OCC Option CA process.
• Knowledge of Brokerage Clearing operations and general knowledge of U.S. securities back office operations of a clearing firm.
• Knowledge of the Financial industry rules, regulations and laws.
• Ability to work independently in a remote environment with attention to detail as well as collaboratively within a team environment.
• Ability to work independently in a fast-paced environment with multiple priorities.
• Basic knowledge of SQL, Metabase, or other database coding language.
• Easily adapt between Microsoft and Google document and spreadsheet solutions.
• Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry and be able to assist other functional areas when necessary.
• Possess a FINRA SIE or obtain within first 180 days of employment.
• Must follow company tenets: Stay Curious, Have Empathy, Be Accountable.

Nice-to-Haves

• Associate’s degree in a business-related field and a minimum of five (5) years of experience in the areas of Corporate Actions, cash and securities reconciliation, accounting, banking, and/or financial services industry.
• Series 7.
• Experience processing CA on DTCC's portal.
• Experience with Slack.

Compensation

• Competitive Salary & Stock Options.
• Health Benefits.
• New Hire Home-Office Setup: One-time USD $500.
• Monthly Stipend: USD $150 per month via a Brex Card.