Senior Custody Specialist

4 weeks ago


New York, New York, United States IDB Full time
Job Summary

IDB Bank is seeking a highly skilled Custody Operations Analyst to join our team. As a key member of our operations team, you will be responsible for ensuring the smooth execution of trades, asset movements, and other custody-related activities.

Key Responsibilities
  • Confirm and verify trades with counterparties, ensuring accurate booking and reconciliation.
  • Process wire transfers, ACATs, free movements, DWACs, and journals in a timely and accurate manner.
  • Monitor and respond to notices from clearing firms, including margin calls, corporate action notices, tax reporting, and trade orders.
  • Coordinate with fund administrators and clearing firms to resolve issues related to mutual and alternative investment funds.
  • Resolve trade reporting rejects for TRACE, MSRB, and CAT CAIS.
  • Liaise with account officers and clearing firms to resolve account activity-related questions and issues.
Requirements
  • Strong understanding of financial markets, instruments, and trading operations.
  • Proficiency in financial software systems, including Bloomberg, Excel, SQL, and Pershing or other clearance systems.
  • Knowledge of FINRA, SEC, and other relevant regulations, as well as current industry best practices.
  • Effective communication and interpersonal skills.
  • Ability to work under pressure and meet deadlines.
  • Excellent problem-solving skills and attention to detail.
  • Series 99 certification or ability to obtain within 6 months.
Compensation and Benefits

IDB Bank offers a competitive salary range of $75,000 - $90,000, as well as an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

IDB Bank is an equal employment opportunity employer and welcomes applications from diverse candidates. We are committed to providing a work environment that is respectful, welcoming, and inclusive.



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