Custody Operations Specialist

2 weeks ago


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

IDB Bank is seeking a highly skilled Custody Analyst to join our team. As a Custody Analyst, you will be responsible for ensuring the accurate and timely processing of trades, asset movements, and other financial transactions.

Key Responsibilities
  • Confirm and verify trades with counterparties, ensuring accurate booking and reconciliation between front and back office applications.
  • 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 corrections.
  • Coordinate with fund administrators and clearing firms to resolve issues related to mutual and alternative investment funds.
  • Resolve rejects for trade reporting, including TRACE, MSRB, and CAT CAIS.
  • Liaise with account officers and clearing firms to resolve questions and issues related to account activity.
Requirements
  • Strong understanding of financial markets and instruments, with a focus on wealth management and international settlements.
  • 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, with the 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 to $90,000, depending on experience. In addition to base salary, our total rewards package includes eligibility for 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 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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