Financial Operations Specialist

1 week ago


Boston, Massachusetts, United States US Tech Solutions Full time
About the Role

As a Financial Associate - Settlements and Trade Operations at US Tech Solutions, you will play a critical role in ensuring the smooth execution of financial transactions and operations. Your primary responsibility will be to identify and resolve discrepancies in client trade economic details, communicate settlement of securities to custodians, and monitor failed trades and cash movements.

Key Responsibilities
  • Discrepancy Identification and Resolution: Match or identify discrepancies of client's trade economic details as compared to the client's counterparty instruction.
  • Settlement Coordination: Prepare communication of settlement of securities in different markets to the client's custodian.
  • Trade Monitoring and Resolution: Monitor and resolve any failed trades, cash movements, collateral settlements, or corporate actions.
  • Client and Counterparty Collaboration: Work closely with the client and client's counterparty(s) to ensure transactions and/or reporting related to the different security types are processed timely and accurately.
  • Market and Asset Knowledge: Understand settlement procedures and restrictions for various markets and asset types and act accordingly.
  • Workload Management: Manage daily volume of work adhering to daily deadlines.
  • Technology Utilization: Utilize client IMO technology and IMO vendor products to perform daily transactional processes as described above.
  • Team Collaboration: Collectively work with team members to ensure daily requirements are met.
  • Procedure Updates: Update team procedures as needed.
  • Client Communication: Communicate professionally and timely via email, phone, or in person with internal and external clients and counterparties.
  • Counterparty Performance Feedback: Provide feedback on client's counterparty performance.
  • Client Service: Provide superior client service to ensure client satisfaction and reference ability.
  • Client Inquiries: Respond to client inquiries, in a timely and professional manner, meeting client's standards as indicated in client's service agreement.
  • System and Process Understanding: Understand fundamentals of relevant systems and processes. Follow procedures and adhere to policies.
  • Team Impact: Work to understand how specific functions within GIMO impact other teams in Service Delivery.
  • Risk Management: Work with a risk adverse mindset. Proactively communicate and escalate potential risks found, errors and issues timely.
  • Data Integrity: Ensure data privacy and integrity of data always. Avoid and escalate any cyber risks.
  • Business Continuity: Follow our BCP protocol and security procedures


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