Sec Lending Trading Assistant

Fast Growing Financial Institution is seeking a Securities Lending Trading Assistant Associate for a full-time position!

Responsibilities:

• Supports the Stock Loan trading desk by processing all aspects of Operations and trade support.
• Balances all positions and cash daily and research and reconcile any breaks or discrepancies in a timely manner.
• Reconcile and settle all monthly rebates and fees related to Securities Lending.
• Maintain detailed records of all discrepancies, resolutions, and final payments for audit purposes.
• Instructing trades, confirming settlements, agrees on details of the transactions with counter-parties, investigates failing trades, and covers market exposure with mark to markets.
• Liaise with the trading desk on incoming returns or recalls deciding whether to re-lend or clean up positions to maximize the rebate basis point spread between borrows and loans.
• Liaise with contra brokers to confirm/compare trade details.
• Assist the trading desk by monitoring email requests or phone calls and act promptly to reduce risk of exposure on recalls, buy-ins or failing

Qualifications:

• Must have a high level of experience with Loanet
• Must have sufficient knowledge of the Depository Trust and Clearing Corporation Dashboard.
• Must have sufficient knowledge of OCC Encore application.
• Knowledge of Phase III and fully paid lending program a plus.
• Must be proficient in Microsoft Excel, and Word.