Corporate Banking Credit Associate - RJ Bank

Raymond James Financial; Honolulu (HI); Hybrid; USD 45,000 - 65,000; Full time

Job summary

Raymond James Financial in Memphis, TN seeks a Clearance Associate to handle the settlement of equity and debt trades, using DTCC or Fed systems. The role is hybrid, balancing daily settlement with interdepartmental coordination and external contacts to resolve issues.

Requires a High School Diploma or equivalent and 2+ years of work experience. Strong Excel and data entry skills, ability to work under pressure, and awareness of 15c‑3, Reg T, DTC rules are important.

Qualifications

• High School Diploma or equivalent and 2+ years general work experience.
• Experience with equity/debt settlement processes is a plus.
• Knowledge of settlement regulations and reconciliations.

Responsibilities

• Performs the daily settlement process – make deliveries, match receives, run entries in SIS or Impact.
• Monitors 15c-3 compliance deficits to ensure firm compliance.
• Reviews and resolves trade problems and out-of-balance items.
• Processes ACAT fails and updates required databases.
• Assists coworkers to meet settlement deadlines.
• Suggests workflow improvements to increase accuracy and efficiency.

Skills

Settlement processes

DTC rules

MSRB Rules

Reg T basics

Excel

Data entry

Time management

Education

High School Diploma or equivalent

Tools

SIS system

Impact system

Microsoft Office

Job description

Clearance Associate | Memphis, TN | 7am - 4pm CT-2401635

Hybrid Work Environment: 40% in‑office and up to 60% work‑from‑home, if desired. Must live within commutable distance from our home office.

Job Summary: Under general supervision, uses intermediate skills obtained through experience and training to process the delivery and receipt of equity and/or debt securities utilizing the DTCC or Fed Reserve settlement systems. Several reports and databases are used to make deliveries and process the settlement of trades. Actively participates in balancing the daily settlement. Interaction with various departments or contra firms regarding trade and fail problems is required. Assist in record keeping and follow through on the buy‑in desk. Overtime may be required due to heavy trade volume and/or balancing reconcilement. Cross training on other job functions in the department is expected.

Essential Duties and Responsibilities

• Performs the daily settlement process – make deliveries, match receives, run corresponding entries in the SIS or Impact systems
• Monitors firm equity and bond deficits to ensure the firm is 15c-3 compliant
• Reviews, researches, and resolves trade problems and out of balances
• Assists in the issuance and processing of buy‑in notices to ensure fail resolution in compliance with industry regulations
• Processes ACAT fails, reversals and updates the required databases
• Assists co‑workers as needed to meet settlement deadlines
• Analyzes current procedures and offers improvement suggestions to improve workflow, accuracy and efficiency as well as reducing costs
• Updates and reviews department procedures as processes change
• Performs other duties and responsibilities as assigned

Qualifications

Knowledge of:

• Basic mathematical/bookkeeping skills including addition, subtraction, multiplication, division, percentages, fractions, averages and balancing sufficient to complete settlement
• DTC and Fed depository settlement rules and time cut-offs
• 15c-3 possession and control rules regarding customer fully paid securities and fail resolution
• Reg T as applicable to DVP accounts
• MSRB Rule G-12 municipal close‑outs
• General office practices, procedures and methods
• General accounting procedures

Skill In:

• Operating standard office equipment and the use of Microsoft Office applications (Word, Excel, Outlook and Access) at an intermediate to high level
• Accurate 10 Key and data entry
• Organization and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines

Ability to:

• Work well under pressure due to stringent timeframes and high trade volume
• Adjust to fluctuations in work volume and changes to assignment priorities
• Maintain accuracy when running entries or delivering shares through the various depositories
• Communicate information orally and written in a clear and effective manner sufficient to interact with internal associates and external contacts at all levels
• Research and resolve problems in a timely manner

Educational/Previous Experience Requirements: High School Diploma or equivalent and a minimum of 2 (two) years general work experience, or any equivalent combination of education, experience, and/or training approved by Human Resources.

Licenses/Certifications: None Required.

This company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.