Securities Finance Operations Associate

ABN AMRO Clearing Chicago is seeking a Securities Finance Operations Associate, reporting to the Securities Finance Operations Manager.

JOB DUTIES / RESPONSIBILITES:

Post-Trade Support:

  • Clear and settle US equity security borrow and loan financing transactions
  • Facilitate post-trade contract maintenance such as reconciliation, collateral mark to markets, recalls, and returns
  • Manage buy-in processes resulting from failure to deliver and contract recalls to mitigate firm risk
  • Pledge and release collateral for margin loans
  • Process rate changes on contract collateral and reconcile resulting differences
  • Collect and pay rebate rate billing accruals with street-side counterparties.
  • Handles client queries regarding recall and buy in processes to assist clients in understanding short selling risks
  • Support and integrate with the securities finance trading desk

Progressive Mindset:

  • Constantly evaluate processes for improvement/automation to increase efficiency and drive the bottom line results
  • Identifies operational risks in work procedures for the department
  • Elaborates procedures to improve quality, compliance and efficiency, taking into account the department policy and service level agreements with stakeholders.
  • Able to function without explicit direction, taking initiative with respect to personal and professional growth

JOB SPECIFICATIONS:

Education and Experience:

  • Bachelor’s degree in Accounting, Finance or related field, Advanced Degree a plus
  • 3+ years of work experience in securities finance, treasury or operations
  • DTC, NSCC, OCC (stock loan hedge), and Loanet experience, a plus
  • Knowledge of stock loan and securities industry regulations, a plus
  • RegSHO knowledge, a plus

Key Competencies:

  • Strong communication and interpersonal skills
  • Ability to contribute in a dynamic team environment
  • Strong Microsoft Office knowledge, including VBA
  • Advanced data analytics, a plus
  • Meticulous attention to the details
  • Ability to solve complex problems
  • Impeccable integrity