Client Settlements Specialist

Posted yesterday

wedbush securitiesJersey City (NJ)

Brokerage Clerks Investment Banking and Securities Intermediation

SENIORITY

Senior

SALARY

$45.00 - $55.00 per hour

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About the role

Job Description: Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Client: Settlement Division is looking to add a Settlement Specialist to our Jersey City team. Responsibilities include but not limited to:

Certify receipts for deposit to Depository Trust & Clearing Corp (DTCC) or foreign depositories/custodians (i.e., Euroclear, Canaccord, Bank of America Merrill Lynch, and Citicorp)
Facilitate the timely and accurate processing of all Mutual Fund trades, corrections, cancellation, rebills, and transfers of accounts
Assist in handling incoming and outgoing physical certificates for deposit, Vault control, re-registration in Wedbush Street name and break down for delivery needs
Cross-train across all departmental functions and achieve full proficiency in each role and area of responsibility
Contact brokers and resolve settlement problems
Perform other tasks and duties as required and assigned
Experience and Skills
Bachelor's Degree from an accredited university preferred 2+ years of settlement experience required
Hands-on experience with DTCC settlement functions, Refinitiv BETA and FIS P3 system experience required
Familiarity with 144 Legend Removal (SEC Non-Registered Securities)
Maintain a high degree of accuracy and attention to detail in a constantly changing, deadline-driven environment
Ability to prioritize competing priorities while working effectively both independently and as part of a team
Ability to quickly learn and adapt to swings in workload volume and changes in assignments
Strong verbal and written communication skills
Experience with and expert knowledge of the depositories/custodians listed above is a plus
Experience with SunGard Phase 3 and BETA are a plus
Job Benefits

Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed. The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $45.00/hr to $55.00/hr. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs. Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here??https://www.e-verify.gov/employees/e-verify-overviewThis position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.

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