Operations Specialist

Operations Specialist

Support North American equity trading operations by managing trade settlements, custody positions, and prime brokerage activities across different markets. The role plays a key part in ensuring accurate and timely transaction processing while supporting a growing business with increasing volumes and reporting requirements. Working within a collaborative, cross-functional team, this position offers strong opportunities for career growth, mentorship, and long-term development.

The Operations Specialist plays a critical role in ensuring timely and accurate settlement of global securities transactions. This position supports operational processes related to trade settlement, cash management, and specialized functions such as asset servicing and wire payment operations. The role requires strong attention to detail, compliance awareness, and the ability to resolve complex issues efficiently.

Key Responsibilities

• Settlement Operations
  • Execute and monitor global securities settlements.
  • Resolve breaks, confirmations, and discrepancies promptly.
  • Manage cash movements and ensure accurate postings in the bank's books and records.
• Operational Support
  • Provide guidance on corporate actions and entitlements.
  • Act as backup for team members and manager.
  • Assist in workflow coordination, quality control, and training initiatives.
• Risk & Compliance
  • Maintain adherence to regulatory requirements (e.g., SEC, Client, REG 204 Buy-In).
  • Identify and escalate risk breakdowns in processes.
  • Support business continuity planning and testing.
• Continuous Improvement
  • Participate in process enhancements and system upgrades.
  • Analyze data for insights and recommend improvements.

Must Haves

• Bachelor's degree in Finance, Business, or related field (preferred).
• 5-10 years of experience in securities settlement or capital markets operations.
• Proficiency in relevant systems and tools.
• Strong understanding of regulatory requirements and risk management principles.
• Client platforms: BPS, GFW, PostEdge
• BONY systems and Treasury Edge
• Clearing and settlement portals: DTCC, NSCC, CDS, DTC/OCC/Arrow
• Tools: GEMS, IMatch, Global Framework
• Familiarity with BNY BDC for FED eligible securities.
• Strong analytical and problem-solving skills.
• Ability to manage complex issues independently.
• Effective communication and stakeholder management.
• Knowledge of risk management and operational controls.

Nice to Haves

• Domestic and international capital markets operations.
• Regulatory reporting and compliance standards.
• Margin calculations under Client Regulation T.
• Handling restricted shares (Rule 144) and DTC Global Lock securities.
• Treasury management and collateral sourcing for margin.

Interviews

• 1st interview hiring manager and colleague
• 2nd interview managers one-up
• Potential 3rd interview with members of the line of business
• 30-minute, virtual interviews