Securities Lending Operations Associate
2 weeks ago
We are seeking a highly skilled Securities Lending Operations Associate to join our team at Social Capital Resources. As a key member of our Securities Lending Middle Office, you will be responsible for supporting the Stock Loan trading desk by processing all aspects of Operations and trade support.
Key Responsibilities:
- Process all aspects of Operations and trade support for the Stock Loan trading desk.
- Balance 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.
- Instruct trades, confirm settlements, agree on details of the transactions with counter-parties, investigate failing trades, and cover 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 trades.
Requirements:
- High level of experience with Loanet.
- Sufficient knowledge of the Depository Trust and Clearing Corporation Dashboard.
- Sufficient knowledge of OCC Encore application.
- Knowledge of Phase III and fully paid lending program a plus.
- Proficient in Microsoft Excel and Word.
About Us:
Social Capital Resources is a fast-growing financial institution seeking a talented Securities Lending Operations Associate to join our team. If you have a passion for Securities Lending and a strong background in Operations, we encourage you to apply.
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