Clearance and Settlements Specialist

We are seeking a Securities Clearance and Settlements Specialist to join our US Broker Dealer Operations Team in Nashville, TN.

Group Description:

Broker Dealer Operations is responsible for the support of the global Sell Trading and US custody of AB's Private Client business. The broker dealer is a registered subsidiary entity in multiple countries with multiple exchange memberships which operates across 45+ markets. For each regional location, broker dealer operations support team is in place to support local activity but works within the global support framework to provide the highest quality of service to internal and external global client base.

The department's primary responsibilities include US securities settlements and clearance of trades via DTCC, NSCC and FEDWIRE. Additionally, the individual is expected to perform daily, and weekly review of reporting and controls performed by our outsourced team with responsibility for oversight of related outsourced services.

Since 2012 the operational functions have been outsourced to a major industry provider leaving a global team of 33 highly skilled individuals in broker dealer processing and regulations to provide the necessary oversight for the daily activity. The global team supports a global sell side business with yearly revenues of approximately $400mm and nearly $90B in private client assets.

Describe the role:

The securities operations clearance and settlements specialist role provides oversight for several regulatory operations controls and processes within the broker dealer.

Describe the applications and business or enterprise functions the role supports:

This specific role is supporting the global broker dealer which manages clearing and settlement as well as custody and support of assets for our private client business as well as our sell-side business.

What makes this role unique or interesting?

This is an opportunity to engage with all areas within the organization. It is a multi-faceted team-based environment and there are many opportunities to train across disciplines within our ecosystem.

What is the professional development value of this role?

The role will afford the candidate the knowledge of how the broker dealer works from front-to-back. Training and working with senior leaders within the firm and gaining a wealth of industry knowledge and guidance

Job Qualifications (The ideal candidate should have the following):

An ideal candidate will be a self-starter with a strong desire to learn new processes and grow within the organization.

• The ideal candidate will possess a bachelor's degree with 3-5 years' experience in a financial services firm or related environment. Knowledge of broker/dealer operations concepts in any or all areas would be beneficial: Stock Loan, Stock Record, DTC, Seg. and Trade Lifecycle. FED settlements, 15c3, Bony system
• Ability to work in a fast-paced team-oriented environment and possess the desire and ability to learn quickly and apply concepts within the framework of the role
• Candidate should plan be able to obtain a FINRA Series 99 Operations Professional License within 6 - 9 months of employment date
• Very strong technical skills and extreme attention to detail with the innate ability to multi-task

Skills:

• Strong Communication both oral and written, high proficient technical and analytical skills

Special Knowledge:

• Understanding of securities operations clearance and settlements along with industry utilities DTC and/or Broadridge applications is a plus

Location: City/State/Country: Nashville/Tennessee/USA

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients' most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we're looking for unique voices to help lead us forward. If you're ready to challenge your limits and build your future, join us.

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Nashville, Tennessee