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Clearance Associate | Memphis, TN | 7am - 4pm CT

Raymond James Financial

Raymond James Financial

Memphis, TN, USA
Posted on Tuesday, May 14, 2024
Clearance Associate | Memphis, TN | 7am - 4pm CT-2401635

Description

Hybrid Work Environment: 40% in-office and up to 60% work-from-home, if desired. Must live within commutable distance from our home office.

Job Summary:

Under general supervision, uses intermediate skills obtained through experience and training to process the delivery and receipt of equity and/or or debt securities utilizing the DTCC or Fed Reserve settlement systems. Several reports and databases are used to make deliveries and process the settlement of trades. Actively participates in balancing the daily settlement. Interaction with various departments or contra firms regarding trade and fail problems is required. Assist in record keeping and follow through on the buy-in desk. Overtime may be required due to heavy trade volume and/or balancing reconcilement. Cross training on other job functions in the department is expected.

Essential Duties and Responsibilities:

• Performs the daily settlement process - make deliveries, match receives, run corresponding entries in the SIS or Impact systems

• Monitors firm equity and bond deficits to ensure the firm is 15c-3 compliant

• Reviews, researches, and resolves trade problems and out of balances.

• Assists in the issuance and processing of buy-in notices to ensure fail resolution in compliance with industry regulations.

• Processes ACAT fails, reversals and update the required databases.

• Assists co-workers as needed to meet settlement deadlines.

• Analyzes current procedures and offers improvement suggestions to improve workflow, accuracy and efficiency as well as reducing costs.

• Updates and reviews department procedures as processes change.

• Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities:

Knowledge of:

• Basic mathematical/bookkeeping skills including addition, subtraction, multiplication, division, percentages, fractions, averages and balancing sufficient to complete settlement.

• DTC and Fed depository settlement rules and time cut-offs

• 15c-3 possession and control rules regarding customer fully paid securities and fail resolution

• Reg T as applicable to DVP accounts

• MSRB Rule G-12 municipal close outs

• General office practices, procedures and methods.

• General accounting procedures.

Skill In:

• Operating standard office equipment and the use of Microsoft Office applications (Word, Excel, Outlook and Access) at an intermediate to high level.

• Accurate 10 Key and data entry

• Organization and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.

Ability to:

• Work well under pressure due to stringent timeframes and high trade volume.

• Adjust to fluctuations in work volume and changes to assignment priorities.

• Maintain accuracy when running entries or delivering shares through the various depositories.

• Communicate information orally and written in a clear and effective manner sufficient to interact with internal associates and external contacts at all levels.

• Research and resolve problems in a timely manner.

Educational/Previous Experience Requirements:

• High School Diploma or equivalent and a minimum of 2 (two) years general work experience

~or~

• Any equivalent combination of education, experience and/or training approved by Human Resources.

Licenses/Certifications:

• None Required.

Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm

Job

Operations

Primary Location

US-TN-Memphis-Memphis

Organization

Operations & Administration

Schedule

Full-time

Shift

Day Job

Travel

No