Settlements and Cash Specialist

Settlements and Cash Specialist Securities Services - Banking Service OperationsLocation: ChesterbrookWithin Securities Services, and among the business units and professionals supporting clients globally, is the Custody Settlements and Cash Operations team. Our team supports client's post-trade processes including trade and global CCY cash settlement along with foreign exchange, mutual fund and physical certificate management. This role is based in the Chesterbrook, PA office and is part of a dual-office structure with peers located in the Lisbon, Portugal offices of Securities Services. The team manages the daily flow of financial transactions, settlement and reporting between the client and the local market agent or international/central securities depositories. While the team's volumes and daily activity is weighted towards the US market (DTC/NSCC, Fed), our coverage includes the fast-growing global custody offering that is supported across regions.Candidate Success FactorsCandidates will be measured on the following four performance drivers that will dictate how individual impact is considered on the Americas platform:Results and ImpactLeadership and CollaborationClient, Customer and Stakeholder FocusCompliance Culture and ConductResponsibilitiesStatus (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigationDaily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depositoryAdherence to client Service Level Agreements/Descriptions (SLA/SLD)Inquiry management, with attention to established timelinesStrict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controlsStatus and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/managerElevate potential risk - client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacyReview OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlinesDevelop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)Actively participate and contribute to personal development and career development alongside the team lead/manager - training courses, research, bank initiatives, etc.Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teamsCross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution deliveryActively participate in projects - independently, with team/partners, and regionallyMinimum Required QualificationsCollege/University degreeExperience in the financial services industry at a bank/broker, service provider or as a custodianFamiliarity with the trade lifecycle and industry participants to the process flowFed direct participant experience - 1 years or morePreferred QualificationsSWIFT messaging - securities, cash, reporting and FX message typesClient or Operational support experience for global agent networkBackground in project lifecycle participation, delivery and reportingFedwire or CHIPs funds transfer experienceDTC experience (or global depository, ICSD)ally protected status.

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