We are seeking a Buy-In Specialist as part of Corporate and Investment Banking (CIB) Operations.
In this role, you will:
Monitor regulatory buy-in processes and action accordingly (204, Reg-T, MSRB) Leverage buy-in processes to reduce fail obligations and firm risk (seg deficits) Monitor CNS obligations and liabilities and liaise with Securities Lending to remediate short positions and fails to receive. Monitor Smart/TRACK system for buy-in notices from counterparties. Liaise with counterparties to remediate open buy-in obligations. Provide coverage for international buy-in obligations. Maintain firm policies and procedures relative to street buy-in practices. Manage client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, as well as work to resolve confirmation and ISDA related issues. Lead or participate in moderately complex initiatives and deliverables. Contribute to large scale planning related to process, procedures, and efficiencies with internal and industry related initiatives. Identify and recommend opportunities for process improvement and risk control development. Provide leadership to bring groups together to resolve multi-faceted complex issues. Serve as a leader on projects along with internal and industry related initiatives. Review and analyze complex functional and operational tasks that require in-depth evaluation. Exercise independent judgment and resolution to guide the deliverable. Resolve moderately complex issues. Lead team to meet functional area projects, and process deliverables. Leverage solid understanding of functions, policies, procedures, and compliance requirements. Mentor and assist analysts. Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals. Required Qualifications: 4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education. Desired Qualifications: BS/BA degree in Finance or related field. 3+ years of experience in the securities industry with emphasis on buy-in and international trade settlement Detail oriented with effective organizational skills. Proficiency in Microsoft Excel is required for analytical purposes (e.g., pivot s, vlookups, sumifs, etc.). Basic knowledge of Microsoft PowerPoint is required to support the group's presentations to senior management. Strong written and oral communication skills. Expert knowledge of DTCC Smart/TRACK system, OW, Settlement Web and FINRA Expert knowledge of buy-in rules for domestic markets including DTC, Fed, and physical clearance Working knowledge of buy-in rules for international markets including Euroclear, Clearstream, Crest and various local markets Working knowledge of Broadridge systems including GLOSS, Impact and BPS Working knowledge of Prime Broker operations Job Expectations: Monday - Friday multiple shifts between 6:00am and 6:00pm This position offers a hybrid work schedule in the location listed below. Relocation assistance is not available for this position. Visa Sponsorship not available for this position Preferred Location: 550 S. Tryon Street, - Charlotte, NC, 28282 Corporate & Investment Banking ("CIB") delivers a comprehensive suite of capital markets, banking, and financial products and services. As a trusted partner to our clients, we provide corporate and transactional banking commercial real estate lending and servicing investment banking equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are account for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Client policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation, and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
