Operations, Processing Specialist

  •  

New York, NY

Industry: Professional, Scientific & Technical Services

  •  

5 - 7 years

Posted 120 days ago

Job Title

Operations, Processing Specialist

About the Team

Custody: Operations

Custody and clearing services provide investors with innovative solutions and highly individualized services including the following products: Securities Settlement and Safekeeping, Collection and Remittance of Interest/Dividend Income, Corporate Actions, Cash Management, Class Actions and Proxy Notification .

Summary


The Income & Reorganization area supports the Custody business. Income is responsible for calculating and processing dividend and interest payments for both USD and Non-USD  assets held by our clients.

Responsibilities

  • Review and/or create dividend, interest and Principal & Interest (income payments) records for both USD and Non USD held assets to ensure the payment details have been updated in order for the payment amount to be pre-advised to our client 
  • Perform pre-reconciliation of income payments we expect to receive from the various depositories and sub-custodians to the custody system Global Plus (G+P)
  • Investigate and resolve any differences by checking details against other sources such as Bloomberg, Company Web site, Paying agent, etc.
  • Verify that all income payments that have been reconciled to the depositories/sub-custodians have been updated on G+P to “confirmed”
  • Perform reconciliation between payments received from depositories/sub-custodians to transactions posted to G+P on payment date
  • Review and respond to client/Investment Managers/Marketing and Client Service inquirie
  • Assist with the gathering of the necessary documents requested in an audit review
  • Prepare various management reports daily, weekly, monthly and on an ad hoc basis.
  • Participate in testing upgrades/enhancements of G+P and DTC CA Web

Qualifications

  • Experience processing USD and Non-USD dividend and interest payments
  • Knowledge of DTC functions
  • Knowledge of Global Plus
  • Ability to coordinate work assignments
  • Must be able to work with others as a team
  • Word (Moderate)
  • Excel (Moderate)

PRIOR WORK EXPERIENCE

5+years in securities operations preferably in income processing

    R1771