Operations Specialist Securities Lending Services At Brown Brothers Harriman, we believe no job is too big or small for any of us to handle if it helps our clients. We value passionate, committed people who enjoy collaborating with others to find new solutions to complex business challenges. We are looking for the type of person who speaks their mind, truly listens and steps outside their role to add value wherever they can. Someone who is driven to get things done and views obstacles as an exciting challenge that demands a creative solution. Above all, we seek someone who takes great pride in their work and is inspired and motivated by their role in protecting and enhancing our clients financial well-being.
If you are looking for an entrepreneurial environment where you can learn and thrive, Brown Brothers Harriman is the right place for you.
Join us as anOps Specialist Securities Lending Services
POSITION SUMMARY
The Ops Specialist Scl Settlements and Marks Team is responsible for the accurate settlement of lending activity in conjunction with the proper receipt and delivery of cash collateral to our borrowers. The team is responsible for daily mark to market and associated margin calls to our borrowers. The group uses industry automation and best practices to ensure timely break management. The group works closely with Trading to ensure the successful delivery of securities to our borrowers.
Under the supervision of the Settlements and Marks Supervisor, the Settlements and Marks Specialist will work closely with internal and external groups including Trading, Relationship Management, Trade Processing, Corporate Actions, BBH Clients and Borrowers. The candidate will be able to prioritize work with competing deadlines, have an understanding of global markets and adapt to changing market regulations and client parameters.
PRINCIPAL RESPONSIBILITIES
Quality Assurance/Control
Ensure timely settlement of trades in various markets with various custodians.
Maintain proper level of cash collateral for all outstanding loans
Ensure time posting of corporate action entitlements
Follow up on outstanding items with borrowers, traders and RMs
Escalate past due items to supervisor
Manage handoff of open London activity daily and ensure timely completion
Cross train and cover other desks within lending operations as required
Transaction Process
Process daily margin calls with our borrowers.
Agree exposure figures daily with borrowers and resolve any breaks
Work with borrowers to increase automation
Process
Improvements
Process Improvements
Identify opportunities for process changes that result in productivity enhancements or risk reduction
Work with supervisor and technology to develop and implement workflow changes to improve processing efficiency
Stay up-to-date with evolving industry and regulatory changes impacting the business
KNOWLEDGE, SKILLS AND ABILITIES
BS/BA
0-1 years industry experience; securities lending a plus
Strong communication skills
Strong analytical skills
Ability to multitask and prioritize appropriately
Understanding of global custody, equity finance, prime brokerage or securities lending industry.
Familiarity with Securities Lending applications such as Global One, Equilend, Loanet a plus
What We Offer:
A collaborative environment that enables you to step outside your role to add value wherever you can
Direct access to clients, information and experts across all business areas around the world
Opportunities to grow your expertise, take on new challenges, and reinvent yourselfwithout leaving the firm
A culture of inclusion that values each employees unique perspective
High-quality benefits program emphasizing good health, financial security, and peace of mind
Rewarding work with the flexibility to enjoy personal and family experiences at every career stage
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.
Full time
Boston
