Securities Settlement Specialist

Job Description Summary

We are seeking a securities clearance and settlements specialist to join our US Broker Dealer Operations Team in Nashville, TN. The department's primary responsibilities include reconciliations of key functions in support of securities operations regulatory obligations and oversight, managing daily oversight of stock record, failing trade management, international securities custody and controls, US stock loan processing, as well as possession or control oversight of all assets held in custody in accordance with industry regulatory requirements. The individual is expected to perform daily, and weekly reviews of reporting and controls performed by our outsourced team with responsibility for oversight of related outsourced services.

Team/Group Description

The department's primary responsibilities include reconciliations of key functions in support of securities operations regulatory obligations and oversight, managing daily oversight of stock record, failing trade management, international securities custody and controls, US stock loan processing, as well as possession or control oversight of all assets held in custody in accordance with industry regulatory requirements. The individual is expected to perform daily, and weekly reviews of reporting and controls performed by our outsourced team with responsibility for oversight of related outsourced services.

Role Description

The securities operations clearance and settlements specialist role provide functional management and oversight for several regulatory operational controls and processes within the broker dealer. Fast paced daily workflow with many varying touchpoints and highly sensitive transactional responsibilities.

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. include, but are not limited to: managing many key controls and reconciliations in adherence with industry standards, communication with the business as well as other operations team members and leading daily meetings with our outsourced teams.

Key job responsibilities include, but are not limited to

• Managing key controls and reconciliations in adherence with industry standards
• Communication with the business as well as other operations team members
• Managing problem escalation daily between BPO outsourcing team and internal stake holders (trades, sales, legal, compliance, etc.)
• Overseeing Broadridge BPO outsourced teams
• Dealing with auditors annually on SOX, FINRA, SEC and other key audits
• Role is 3 days in the office and 2 work from home
• Hours are 7am CST to 4pm CST

What makes this role unique or interesting (if applicable)?

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.

Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)

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.

Qualifications, Experience, Education

• The ideal candidate will possess a bachelor's degree with 3-5 years' experience in a financial services firm or related environment. Strong knowledge of broker/dealer operational concepts in any or all areas would be beneficial: Stock Loan, Stock Record, DTC, Segregation of customer assets. 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.
• Strong
• Candidate must be able to start work at 6:45AM through 4:00PM, start of day has many key tasks which are time sensitive as the industry utilities are based on the EST time zone
• Very strong technical skills and extreme attention to detail with the innate ability to multi-task

Skills

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

Special Knowledge (if applicable)

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

About AB

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!

People of color, women, and those who identify as LGBTQ people are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB's policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.

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Nashville, Tennessee