International Stock Loan Consultant
- Full-time
Company Description
The Stock Loan desk provides inventory to clients for short selling, manages the firms funding through lending of re-hypothecated and firm positions in exchange for cash collateral via traditional stock loan contracts, tri-party repo and lending vs non cash collateral. Strong operational support is needed to manage the settlements, recalls, collateral marks and reconciliations. International Settlements supports the Stock Loan desk, Prime brokerage and the Execution desk in facilitating settlement in all international markets.
Job Description
• Independent, self-motivated individual will handle the operational support for the daily settlement of all security and cash movements of international securities lending transactions
• Daily processing and to work with management to handle all complex problems and issues of this particular area
• Individual will learn to operate as the technical expert in their assigned area and will also have additional training on systems, project management, business analysis, and general business practices of the firm
• Systems input and processing
• Report analysis
• Requires fundamental understanding of securities industry as it relates to the following:
o International securities lending settlement practices
o GlobalOne and DTC
Qualifications
• At least 5 years of financial services industry experience preferred
• Strong accounting/finance background or related experience preferred
• Strong reconciliation skills
• Strong programming skills
• High proficiency level in basic computer applications including Excel and Access
• Experience in various facets of both international and domestic securities lending processing
• Ability to work independently
Additional Information
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the U.S. without sponsorship and to complete the required employment eligibility verification document form upon hire.