Currently seeking a Trade Support Associate for an immediate vacancy (full-time/permanent) in Hoboken, NJ. As the Trade Support Associate, you will assist the Securities Lending Desk in all operational aspects of the daily securities lending business (fixed income & equities).
As the Trade Support Associate, you will:
Ensure the accurate completion of all securities lending transactions.
Interact with Broker Dealers regarding loan pricing and loan details, ensuring timely settlements and avoidances of fails.
Interact with the Bank’s Middle Office and Back Office to confirm all daily lending/cash activity and settle various loan discrepancies.
Confirm all daily movements of collateral and changes in the lendable portfolio with Custody Department.
Input/book all daily lending activity into internal/vendor systems.
Assist members of Securities Lending Desk with trading, operational, and administrative functions.
Fully comply with the Bank Secrecy Act.
Help maintain and update Trade Support manuals and procedures.
What you bring:
Entry level (0-2 years) experience in Securities Lending, operations or trade support.
Global Securities Lending a plus.
Knowledge of Global1 or similar trading system a plus.
Local candidates only. Must be legally authorized to work for any US employer without sponsorship.