Trust Operations Specialist-Trade Support (Birmingham)

Argent Financial Group; Birmingham; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a Trust Operations Specialist to join their dynamic team in Birmingham. This role is pivotal in ensuring the seamless execution of trades and operational excellence. As a Trade Support Specialist, you will manage trade reconcilement and settlement, acting as a key liaison between trading desks and custodians. Your analytical skills and attention to detail will be crucial in resolving discrepancies and ensuring compliance with internal procedures. Join a collaborative environment where your contributions will directly impact client services and operational success.

Qualifications

• 2-3 years in the financial services industry preferred.
• Basic Accounting knowledge, including debits and credits.

Responsibilities

• Review and process daily trade orders and mutual fund trade files.
• Conduct thorough research and analysis of trade breaks and settlement issues.
• Prepare monthly reconciliation and fail report for management.

Skills

Detail-oriented

Analytic skills

Research skills

Communication skills

Basic knowledge of financial securities markets

Basic computer skills

Knowledge of Microsoft Office Suite

Ability to work in a team environment

Education

College degree in business related field

Tools

Microsoft Office Suite

Job description

Trust Operations Specialist-Trade Support (Birmingham)

Department Summary:

The role of Trust Operations Specialist is a dynamic team-based role within Argent’s Operations Department. The Operations Department’s responsibilities cover activities that support the overall services provided to Argent’s clients. Some of the services supported by Operations include (but not limited to), account transfers, asset movement, client deposit and disbursement processing, fund accounting, mail processing, and reconciliation of client and DDA accounts. The Operations Department interacts daily with internal personnel and external institutions.

Job Location:

Birmingham, AL

Job Summary:

The Trade Support Specialist will be responsible for the daily reconcilement and settlement of trades with Argent’s global depositories. This role serves as a key liaison between trading desks, custodians, external counterparties, and internal operations teams. In this role, you will ensure the timely and accurate processing of trades while efficiently resolving any discrepancies that arise. Additionally, you will be responsible for managing and mitigating risks associated with trade settlement to ensure smooth and secure transactions. The ideal candidate will possess a comprehensive understanding of trade lifecycle management, custody operations, and financial market dynamics, contributing to the smooth execution of trades and operational excellence.

Job Specifics: Trade Support

• Associate will review and process daily trade orders, and mutual fund trade files
• Provide Internal/External support to account portfolio managers
• Perform trade order entry with Argent’s global depositories, foreign trade settlements
• Conduct thorough research and analysis of trade breaks, failed trades and settlement issues
• Prepare monthly reconciliation and fail report for management
• Maintain accurate records, documentation, and audit trails of trade activity ensuring compliance with internal procedures and policies
• Assist with routine audits, internal and external, to provide documentation on activities covered by the respective audit
• Individual will also be expected to cross train on additional desks within the Trade Support Team

Knowledge, Skills, and Abilities:

• Must be detail oriented, with strong analytic, research and communication skills
• Basic knowledge of financial securities markets and Investments preferred
• Basic computer skills
• Knowledge of Microsoft Office Suite
• Ability to work in a team environment
• Ability to establish priorities, work independently, and proceed with objectives with minimum supervision

Credentials and Experience:

• College degree in business related field preferred
• 2-3 years in the financial services industry
• Basic Accounting knowledge, including debits and credits
• Equivalent combination of education and experience