Associate/AVP Financial Operations Analysis

ACG Resources – Adams Consulting Group; New York (NY); On-site; USD 42,000 - 150,000; Full time

Job summary

An established industry player in financial services is seeking a detail-oriented Associate/AVP for Financial Operations Analysis. This role involves overseeing securities transactions, ensuring compliance with regulations, and managing corporate actions. The ideal candidate will possess a strong background in custody operations and a solid understanding of securities settlement processes. This is a fantastic opportunity to lead and mentor a team while providing excellent client service in a dynamic environment. Join a forward-thinking company that values innovation and professional growth.

Qualifications

• 3-8 years of experience in custody operations within financial institutions.
• Strong understanding of securities settlement and corporate actions.

Responsibilities

• Oversee securities transactions and ensure compliance with regulations.
• Prepare custody reports and manage corporate actions.

Skills

Securities settlement processes

SWIFT messaging

Corporate actions processing

Withholding tax regulations

Analytical skills

Communication skills

Problem-solving skills

Education

Bachelor’s degree in Finance

Bachelor’s degree in Business Administration

Bachelor’s degree in Economics

Tools

Microsoft Office Suite

Custody banking platforms

Job description

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Job Ref: 14976

Salary: $42,000 – $150,000

Associate/AVP Financial Operations Analysis

Located onsite in Manhattan. Base salary $42-150k depending on skills and experience.

Requirements:

• Bachelor’s degree in Finance, Business Administration, Economics, or a related field
• Minimum of 3-5 years (for Associate) or 5-8 years (for AVP) of relevant experience in custody operations within a custodian bank, investment bank, or asset management firm
• Lead and mentor junior team members, providing guidance and support (for AVP)
• Strong understanding of securities settlement processes, including SWIFT messaging and settlement systems (e.g., DTC, Euroclear, Clearstream)
• Solid knowledge of corporate actions processing and relevant market practices
• Experience with withholding tax regulations and procedures in various jurisdictions
• Proficiency in preparing and analyzing client reports
• Excellent analytical and problem-solving skills with a strong attention to detail
• Strong communication (both written and verbal) and interpersonal skills
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)
• Familiarity with relevant industry regulations and compliance requirements
• Experience with custody banking platforms and systems
• Knowledge of different asset classes (e.g., equities, fixed income)
• Experience in process improvement methodologies

Responsibilities:

• Oversee and process securities transactions, including trade confirmations, settlement instructions, and reconciliation of positions
• Monitor and resolve settlement exceptions and discrepancies in a timely manner
• Ensure compliance with market regulations and internal procedures related to settlement
• Manage the full lifecycle of corporate actions, including announcements, elections, and processing of dividends, stock splits, mergers, and other events
• Administer withholding tax requirements for various jurisdictions, ensuring compliance with relevant tax regulations
• Process tax reclaims and relief at source applications
• Stay updated on changes in tax laws and regulations impacting custody operations
• Prepare and deliver accurate and timely custody reports to clients, including transaction statements, holdings reports, and tax reports
• Adhere to all internal policies, procedures, and regulatory requirements
• Identify and escalate potential operational risks and control weaknesses
• Participate in audits and compliance reviews as required
• Provide excellent client service by responding promptly and professionally to client inquiries
• Build and maintain strong working relationships with internal and external stakeholders

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