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Stock Loan Operation Support in Jersey City, NJ at Veritude

Date Posted: 10/11/2018

Job Snapshot

Job Description

Veritude is hiring a Stock Loan  Operation Support for Fidelity Investments. The position is based in Jersey City, NJ.

Summary;

The Operations & Services Group (OSG) provides superior customer service to Fidelity’s brokerage businesses through Innovation, dedication and commitment to excellence. With seven operating divisions located throughout the country, OSG provides securities execution, clearance, and Information management services to retail, institutional, and correspondent clients. OSG performs tens of thousands of over-the-counter, listed equities, options, bonds, and mutual fund transactions daily. OSG has a need for a Specialist in Stock Loan Operations.

Specialist Stock Loan Operations

This is a full time position requiring thorough knowledge of the stock loan settlement business with emphasis on service beyond simple processing.

Primary Responsibilities

  • Provide operational support for the securities lending desk consistent with defined procedures and compliance rules
  • Support Contract Comparison and the daily maintenance of stock Loan Contracts
  • Produce and review reconciliation reports for Domestic and International Securities Lending
  • Reconcile Stock loan ledger and suspense accounts among multiple systems (Global One, Loanet, Martini, DTCC)
  • Support  Stock Loan Buy-In and recall process
  • Support  CNS Buy-In and recall process
  • Interaction and problem resolution with internal operations, account managers, product development, sales and street counterparties
  • Assist in the development, testing and implementation of new procedures, products, and technologies aimed at improving service to internal and external clients

Qualifications

Education and Experience

  • Bachelor's Degree in Accounting, Finance or other related field
  • Strong understanding of securities lending business
  •  International securities lending experience preferred
  •  Brokerage industry experience, preferably in operations
  •  Working knowledge of domestic and international equity, fixed income, and derivative products
  •  Strong understanding of basic accounting principles, brokerage accounting, and securities settlement and custody preferred
  •  Prime Brokerage experience a plus
    Skills and Knowledge
  •  Strong communication and relationship building skills
  •  Must be a detail oriented individual, capable of thriving in a fast paced environment
  •  Ability to work with multiple operational tools, often toggling back and forth throughout the day
  •  Must possess the desire to learn all aspects of the department's functions, as well as the up and down stream impacts of actions taken within the department. In addition, should have an interest in the overall market

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