Associate Level 1
Duration: 9 Months
Pay Rate: $16.66
Work Location: 1300 Thames Street Harbor Point Phase I, Baltimore, Maryland 21230 ____________________________________________________________________________
Top 3 Skills: Problem solving skills, Communication across various department and seniority levels, Initiative.
The successful candidate may have 1-4 years experience in the financial services or investment banking industry. Position requires a 4-year college degree and an interest in career development.
Role is for a temporary employee supporting the Security Settlements department within the Shared Services and Bank Operations organization within our Baltimore office. The individual filling this role will be part of a production team of 30 FTE’s, who overall support Fixed Income and Equity products settling in American, Latin American and Canadian markets and the associated critical functions. The primary responsibility of Security Settlements is to execute on the settlement of Fixed Income and Equity Securities, manage firm deficits and overall inventory, minimize buy-in and regulatory risk, execute client asset transfers for FID, IED, BRM, and Prime Brokerage, and manage segregation of client assets.
The successful candidate will be responsible for assisting the department with numerous functions as described, and also including: standard settlement, break and fail resolution, stakeholder communication, firm training, escalating risk, procedure updates and contributing to ongoing projects, including BREXIT, SAFE 2, Predictive Analytics and our LEAN agenda.