Transaction Management Ops Team Lead

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This job is responsible for overseeing the day-to day transaction processing operations function, and ensuring the team executes operations tasks with accuracy, timeliness and quality service. Key responsibilities include employee training, coaching, addressing employee inquiries, escalations, approvals, and team supervision ensuring accurate process execution. Job expectations include maintaining service quality, accuracy and escalating issues to management, as needed.

Line of Business

Wealth Management Operations (WMO) provides end-to-end operational support that drives the client experience for Wealth Management advisory partners and their clients.

Within WMO, the Securities Settlement and Custody Operations teams execute manual processes and monitor automated processes to ensure all transactions associated with an account have been processed and settled such as depositing final dividend payments into the correct account, ensuring asset trades are completed without error, and balancing of trade activity.

After a request to buy or sell an asset is received, the Perform Securities Settlement team is notified of the net dollar amount of trades being sent to or from each Fund Family. A Fund Family is an investment company that has an agreement with Merrill Lynch to allow clients to purchase shares of their products, including mutual funds, money markets, alternative investments, etc. The Perform Securities Settlement team enters the information accurately and timely into the system. This team completes a high volume of transactions daily within strict timelines.

Responsibilities:

• Performs a completeness, accuracy and risk assessment of outgoing payments or according to the established guidelines and procedures.
• Researches and resolves numerical errors received on a report or when an internal or external business partner notifies the team by applying procedures and escalation using a trouble shooting guide and engaging support partners when needed.
• Responds to internal or external business partner inquiries related to errors via written communication and escalates more challenging issues to leadership as needed.
• Understands the process flow from end to end including the reasons for each step, the process controls, the risks within the process and the upstream/downstream 

Required Qualifications:

• 3+ years of experience in securities operations, settlement, custody, banking operations, financial services, or a related operational environment.
• Working knowledge of securities settlement processes, including Mutual Funds, Alternative Investments, trade settlement, liquidations, and exception management.
• Experience performing account reconciliations, cash balancing, General Ledger research, and financial control activities.
• Ability to analyze operational exceptions, identify root causes, and implement effective resolutions.
• Strong attention to detail with a demonstrated ability to manage multiple priorities and meet strict deadlines in a high-volume environment.
• Proficiency in Microsoft Office Suite, including Excel, Word, PowerPoint, and Outlook.
• Strong verbal and written communication skills with the ability to partner effectively across Operations, Finance, Risk, Compliance, and Technology teams.
• Proven ability to work independently while exercising sound judgment and decision-making skills.
• Strong organizational, analytical, and problem-solving capabilities.
• Demonstrated commitment to operational excellence, risk management, and regulatory compliance.

Desired Qualifications :

• Ability to process time-sensitive transactions accurately and efficiently.
• Strong risk and control mindset.
• Ability to identify potential operational issues before they become client or regulatory impacts.
• Effective partnership and communication across multiple business units.
• Commitment to delivering high-quality results while maintaining compliance with established policies and procedures.
• Flexibility to adapt to changing business priorities, regulatory requirements, and operational demands.​

Skills:

• Attention to Detail
• Prioritization
• Analytical Thinking
• Problem Solving
• Research
• Written Communications
• Numerical Reasoning ​

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy

Shift:

Hours Per Week: