Institutional Brokerage Operations Specialist

Fifth Third Bank; Madisonville (KY); On-site; USD 65,000 - 90,000; Full time

Job summary

Fifth Third Bank seeks an Institutional Support Representative I to assist Capital Markets Fixed Income, Equity, and Money Market Navigator Sales & Trading teams with client onboarding, trading support, settlement, and maintenance tasks.

You will process high-dollar movements, manage collateral, and code new brokerage accounts, while adhering to securities laws and internal policies in a fast-paced environment.

Qualifications

• Undergraduate degree or equivalent experience required.
• Securities Industry Essential (SIE), Series 7 and 63/66 preferred.
• 2+ years of experience in a financial operations role preferred.
• 2-3 years of experience working with brokerage accounts preferred.
• Knowledge of fixed income, equity, and mutual fund trading.
• Ability to de-escalate high impact situations using conflict resolution skills.
• Ability to work in a stressful time sensitive environment, met deadlines with high attention to detail and multi-task with minimal to moderate supervision.
• Familiar with or having working knowledge of trading systems preferred, including web and mainframe-based systems.
• Strong problem solving and critical thinking skills in complex situations.
• Strong math and organization skills.
• Superior oral and written communication skills.
• Proficiency in Word, Excel, and other MS products.

Responsibilities

• Serves as front line support between management and other lines of business, including but not limited to Middle Office, Compliance, IT, Trading, Accounting; Fifth Third Securities' Broker Dealer, National Financial Services/Pershing, and other third-party vendors.
• Adheres to all pertinent securities laws and regulations, as well as established policies and procedures in an ever-changing regulatory environment.
• Processes, reviews, and monitors high dollar asset and money movements entered by, or enters on behalf of, the line of business to ensure accurate and timely completion along with following up with custodian through the point of release.
• Manages the collateral process for institutional brokerage ensuring paperwork is properly coded on file and obtaining/archiving proper release approval prior to release of funds.
• Accurately codes new brokerage account client relationship profiles for books and recordkeeping purposes and opens new accounts as needed.
• Performs client CIP checks pertaining to Beneficial Ownership rules as needed and accurately inputs documentation into both bank (ACE) and NFS systems.
• Handles all account maintenance, including acting as an intermediary between the line of business and clearing providers.
• Processes high dollar money movements for commercial clients in an accurate and timely manner along with following up with custodian through the point of release.
• Establishes, maintains, and audits firm and individual representative brokerage entitlements for institutional and commercial.
• Oversees and administers all operational functions within the Capital Markets' Money Market Navigator program.
• P r oduces daily reports and monitors account activities for potential concerns related to trade settlement, margin, potential risk exposure, and clearing firm discrepancies for commercial brokerage.
• Assists in compliance-related issues pertaining to fixed income products, as well as internal/external audits.
• Performs other duties as assigned.

Skills

Communication skills

De-escalation

Attention to detail

Multi-tasking

Problem solving

Teamwork

Education

Undergraduate degree or equivalent experience

Tools

Trading systems

Mainframe systems

MS Office

Job description

Fifth Third Bank seeks an Institutional Support Representative I to assist Capital Markets Fixed Income, Equity, and Money Market Navigator Sales & Trading teams with client onboarding, trading support, settlement, and maintenance tasks.

You will process high-dollar movements, manage collateral, and code new brokerage accounts, while adhering to securities laws and internal policies in a fast-paced environment.