Trade Reconciliation Clerk

Classification: Full Time Compensation: $60000 to $80000 per year TITLE: Settlements Team Leader (International & Domestic Securities)JOB SUMMARY:Supervise day-to-day workflows of a team or work group responsible for Domestic and International mutual funds and institutional accounts.
ESSENTIAL DUTIES AND RESPONSIBILITIES:•As a working supervisor, will manage staff and resolve complex problems and ease workloads during periods of peak volume.
•Will refer the most complex problems to more senior management and/or to the appropriate specialized area/department.
•Assist in developing and implementing new workflow approaches and methods, as well as system enhancements.
•Train incoming and existing staff on policies and/or proceduresResponsible for the oversight and administration of the following functions:
SETTLEMENTS DUTIES:
•Trade processing for both international and domestic securities
•Liaison between custodian and broker for pre and post settlement maintenance
•Troubleshoot daily fail blotter issues from various custodians
•Follow up of FX executions performed by the custodian and maintain in accounting system
•Active participant in the automation of the trade processing flow
•Unravel all settlement related problems
•Work in conjunction with the reconciliation group to resolve all open issues
•Coordinate with cash manager the resolution and tracking of interest claims
•Assist management with the implementation of procedure manuals for settlement unit
•Manage clean-up of instruction database - all instructions that pertain to brokers•DTC Affirmation and confirmation of trade executions
•Settlements of derivatives - Options, Futures, and SWAPS.TRADE SUPPORT DUTIES:
•Responsible for some limited data entry into the Portfolio Accounting System
•Handle trade notifications to custodian and/or accounting agent
•Assist equity and bond traders with any trade discrepancies
•Ensure that correct trading information is retrieved by the broker
•Verify confirmations of trades prior to settlement date through DTC
•Interact with brokers regarding receipt of trade confirms as well as other general problems with trade processing
•Liaison between custodians/brokers on trouble shooting trade problemsQualified applicants should e-mail their resumes to