Wedbush Securities

Client Settlements Specialist

Wedbush Securities • $93K — $114K *
Jersey City, NJ 07305In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree from an accredited university preferred
  • 2+ years of settlement experience required
  • Hands-on experience with DTCC settlement functions and FIS P3 system
  • Familiarity with 144 Legend Removal for SEC Non-Registered Securities
  • Strong verbal and written communication skills
  • Expert knowledge of listed depositories/custodians is a plus

Responsibilities

  • Certify receipts for deposit to DTCC or foreign depositories
  • Facilitate processing of all Mutual Fund trades and account transfers
  • Handle physical certificates for deposit and vault control
  • Cross-train across departmental functions for proficiency
  • Contact brokers to resolve settlement problems
  • Perform additional assigned tasks as required

Benefits

  • Inclusive culture valuing unique contributions
  • Opportunities for professional growth and success
  • Eligibility for discretionary incentive compensation based on performance
Full Job Description
Job Description
Our Client Settlement Division is looking to add a Settlement Specialist to our Jersey City team.

Responsibilities include but not limited to:
  • Certify receipts for deposit to Depository Trust & Clearing Corp (DTCC) or foreign depositories/custodians (i.e., Euroclear, Canaccord, Bank of America Merrill Lynch, and Citicorp)
  • Facilitate the timely and accurate processing of all Mutual Fund trades, corrections, cancellation, rebills, and transfers of accounts
  • Assist in handling incoming and outgoing physical certificates for deposit, Vault control, re-registration in Wedbush Street name and break down for delivery needs
  • Cross-train across all departmental functions and achieve full proficiency in each role and area of responsibility
  • Contact brokers and resolve settlement problems
  • Perform other tasks and duties as required and assigned


Experience and Skills
  • Bachelor's Degree from an accredited university preferred
  • 2+ years of settlement experience required
  • Hands-on experience with DTCC settlement functions, Refinitiv BETA and FIS P3 system experience required
  • Familiarity with 144 Legend Removal (SEC Non-Registered Securities)
  • Maintain a high degree of accuracy and attention to detail in a constantly changing, deadline-driven environment
  • Ability to prioritize competing priorities while working effectively both independently and as part of a team
  • Ability to quickly learn and adapt to swings in workload volume and changes in assignments
  • Strong verbal and written communication skills
  • Experience with and expert knowledge of the depositories/custodians listed above is a plus
  • Experience with SunGard Phase 3 and BETA are a plus


Job Benefits
Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed.

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $45.00/hr to $55.00/hr. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs.

About Wedbush Securities

Wedbush Securities is a financial services firm that provides investment banking, brokerage, and advisory services to clients in the United States and internationally. The company was founded in 1955 and is headquartered in Los Angeles, California. Wedbush Securities offers a wide range of services, including equity research, institutional sales and trading, wealth management, and investment banking. The company has a strong reputation for its expertise in the technology, healthcare, and consumer sectors. Wedbush Securities is a subsidiary of Wedbush, Inc., which is a privately held financial services holding company.
Learn more about Wedbush Securities
Size
1,000 employees
Industry
Finance & Insurance
* Ladders Estimates

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