Ops SpecialistScL Recall Mgmt

Brown Brothers Harriman · Boston, MA

Company

Brown Brothers Harriman

Location

Boston, MA

Type

Full Time

Job Description

At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself-without leaving the firm. We encourage a culture of inclusion that values each employee's unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

At Brown Brothers Harriman, we believe no job is too big or small for any of us to handle if it helps our clients. We value passionate, committed people who enjoy collaborating with others to find new solutions to complex business challenges. We are looking for the type of person who speaks their mind, truly listens and steps outside their role to add value wherever they can. Someone who is driven to get things done and views obstacles as an exciting challenge that demands a creative solution. Above all, we seek someone who takes great pride in their work and is inspired and motivated by their role in protecting and enhancing our client's financial well-being.

If you are looking for an entrepreneurial environment where you can learn and thrive, Brown Brothers Harriman is the right place for you.

Join us as an Ops Specialist, Securities Lending Recall Management

POSITION SUMMARY

The Ops Specialist - Securities Lending Recall Management Team is responsible for ensuring the timely return of securities on loan with our borrowers. The team functions include timely identification and processing of recalls, pursuing industry automation and best practices, and understanding unique market dynamics and regulations. The group works closely with the Control Team to ensure securities are returned from loan from corporate actions and /or client elections. The group is responsible for liaising with Relationship Management in providing full transparency and client satisfaction.

Under the supervision of the Recall Management Supervisor, the Recall Management Specialist will work closely with internal and external groups including Trading, Relationship Management, Trade Processing, Corporate Actions, BBH Clients and Borrowers. The candidate will be able to prioritize work with competing deadlines, have an understanding of global markets and adapt to changing market regulations and client parameters.

KEY RESPONSIBILITIES:

1. Transaction Processing

  • Issue and ensure timely return of loans from our borrowers
  • Analyze outstanding loan positions for reallocation or return opportunities
  • Ensure all recalls are processed daily
  • Follow up on outstanding items with borrowers, traders and RMs
  • Escalate past due items to supervisor
  • Book returns into global one via uploader or manually
  • Work with borrowers to increase automation

2. Process ad hoc requests

  • Review non sale such as rebalancing and restrictions and identify recalls required
  • Cross train and cover other desks within lending operations as required

3. Process Improvements

  • Identify opportunities for process changes that result in productivity enhancements or risk reduction
  • Work with supervisor and technology to develop and implement workflow changes to improve processing efficiency
  • Stay up-to-date with evolving industry and regulatory changes impacting the business

KNOWLEDGE, SKILLS AND ABILITIES

  • BS/BA * 0-1 years of industry experience, securities lending experience a plus

Knowledge and skills (general and technical)

  • Strong communication skills
  • Strong analytical skills
  • An aptitude for analytical and problem resolution.
  • Ability to multi-task and prioritize to meet demanding deadlines
  • Ability to multitask and prioritize appropriately
  • Understanding of global custody, equity finance, prime brokerage or securities lending industry.
  • Familiarity with Securities Lending applications such as Global One, Equilend, Loanet a plus.

What We Offer:

• A collaborative environment that enables you to step outside your role to add value wherever you can

• Direct access to clients, information and experts across all business areas around the world

• Opportunities to grow your expertise, take on new challenges, and reinvent yourself-without leaving the firm

• A culture of inclusion that values each employee's unique perspective

• High-quality benefits program emphasizing good health, financial security, and peace of mind

• Rewarding work with the flexibility to enjoy personal and family experiences at every career stage

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.

Date Posted

04/30/2023

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