Job Information
Raymond James Financial, Inc. Clearance Associate | Memphis, TN | 7am - 4pm CT in Memphis, Tennessee
Description
Hybrid Work Environment: 40% in-office and up to 60% work-from-home, if desired. Must live within commutable distance from our home office.
Job Summary :
Under general supervision, uses intermediate skills obtained through experience and training to process the delivery and receipt of equity and/or or debt securities utilizing the DTCC or Fed Reserve settlement systems. Several reports and databases are used to make deliveries and process the settlement of trades. Actively participates in balancing the daily settlement. Interaction with various departments or contra firms regarding trade and fail problems is required. Assist in record keeping and follow through on the buy-in desk. Overtime may be required due to heavy trade volume and/or balancing reconcilement. Cross training on other job functions in the department is expected.
Essential Duties and Responsibilities :
Performs the daily settlement process - make deliveries, match receives, run corresponding entries in the SIS or Impact systems
Monitors firm equity and bond deficits to ensure the firm is 15c-3 compliant
Reviews, researches, and resolves trade problems and out of balances.
Assists in the issuance and processing of buy-in notices to ensure fail resolution in compliance with industry regulations.
Processes ACAT fails, reversals and update the required databases.
Assists co-workers as needed to meet settlement deadlines.
Analyzes current procedures and offers improvement suggestions to improve workflow, accuracy and efficiency as well as reducing costs.
Updates and reviews department procedures as processes change.
Performs other duties and responsibilities as assigned.
Qualifications
Knowledge, Skills, and Abilities :
Knowledge of :
Basic mathematical/bookkeeping skills including addition, subtraction, multiplication, division, percentages, fractions, averages and balancing sufficient to complete settlement.
DTC and Fed depository settlement rules and time cut-offs
15c-3 possession and control rules regarding customer fully paid securities and fail resolution
Reg T as applicable to DVP accounts
MSRB Rule G-12 municipal close outs
General office practices, procedures and methods.
General accounting procedures.
Skill In :
Operating standard office equipment and the use of Microsoft Office applications (Word, Excel, Outlook and Access) at an intermediate to high level.
Accurate 10 Key and data entry
Organization and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
Ability to :
Work well under pressure due to stringent timeframes and high trade volume.
Adjust to fluctuations in work volume and changes to assignment priorities.
Maintain accuracy when running entries or delivering shares through the various depositories.
Communicate information orally and written in a clear and effective manner sufficient to interact with internal associates and external contacts at all levels.
Research and resolve problems in a timely manner.
Educational/Previous Experience Requirements :
- High School Diploma or equivalent and a minimum of 2 (two) years general work experience
or
- Any equivalent combination of education, experience and/or training approved by Human Resources.
Licenses/Certifications :
- None Required.
Job: Operations
Primary Location: US-TN-Memphis-Memphis
Organization Operations & Administration
Schedule Full-time
Job Shift Day Job
Travel No
Req ID: 2401635
Raymond James Financial, Inc.
- Raymond James Financial, Inc. Jobs