Investment Operations Specialist

Socket.dev; Naperville (IL); Hybrid; USD 65,000 - 85,000; Full time

Benefits offered by this job

Remote-friendly schedule

Job summary

Socket.dev in Naperville, IL is seeking an Investment Operations Specialist to handle middle office money movement across investment and banking platforms. Primary duties include transferring funds via Fed-Wire and ACH, including foreign currency transactions, and ensuring accurate processing for clients and advisors.

The role requires strong Excel and Outlook skills, teamwork, and excellent communication. This is a hybrid position with in-office Tue-Thu and remote Mon-Fri.

Qualifications

• Banking or financial services experience preferred.
• Excellent Excel and Outlook skills.
• Strong communication and teamwork abilities.
• Detail-oriented with strong prioritization and accuracy.
• Ability to handle multiple tasks under deadlines.

Responsibilities

• Consistently demonstrates exceptional internal and external service with clients and coworkers.
• Steward of compliance; coordinates with staff to prepare reports.
• Initiate transfers of funds via wire or ACH, including foreign currency transactions.
• Confirm receipt of funds for CD activity and read emails to determine actions.
• Update PMA/bank systems with planned and unplanned wires; notify advisors.
• Balance assigned funds daily, start and end of day.
• Input new repetitive transfer instructions into PTMA/bank systems.
• Answer questions, investigate errors, and correct as directed.
• Assist in review and improvement of processes.
• Other duties as assigned by management.

Skills

Outlook

Excel

Teamwork

Problem-solving

Communication

Multitasking

Attention to detail

Tools

PTMA system

Banking systems

Job description

Job Summary

The Investment Operations Specialist is responsible for providing middle office money movement across various investment and banking platforms. The primary responsibility is the transfer of investment funds via Fed-Wire transfers and ACH transactions.

Duties and Responsibilities

• Consistently demonstrates exceptional internal and external service with clients, coworkers, along with the core values: Integrity, Performance and Commitment.


• Steward of compliance, coordinates with company staff to gather, analyze, summarize, and prepare recommendations and reports.


• Initiate transfers of funds via either wire transfer or ACH, including foreign currency transactions. Approve transfers for designated funds.


• Initiate wires and confirm receipt of funds for CD activity.


• Read incoming emails and other materials to determine the appropriate action (e.g. paper wire transfers, updated wire or ach instructions, etc.).


• Receive and add planned and unplanned wires to PMA systems; Update systems so advisors know whether to follow up with clients; notify other departments of receipt.


• Conduct Daily balancing responsibilities for assigned funds at start of day and end of day.


• Input new repetitive funds transfer instructions for both banks and clients into the PTMA and/or bank systems.


• Promptly answer questions about records or files and\\or investigate and correct errors upon request of supervisor and/or client. Correct errors as directed.


• Assist in the review and improvement of processes and procedures.


• Other duties and responsibilities as assigned by management.

Required Skills/Abilities

• Must be proficient in Outlook, Excel.

• Must be able to work closely in a team environment.


• Must be able to evaluate problems as they occur daily and resolve them in cooperation with co-workers.

• Must be able to work closely with the other investment operations associates, analysts and management.


• Strong oral and written communication skills are necessary to succeed.


• Ability to work effectively with employees of all levels within the company.


• Must be able to handle multiple tasks and prioritize appropriately.


• The position is hands on, fast paced, detail and deadline oriented.


• The position requires good judgment, strong attention to detail, and accuracy.


• Organizational skills and management of priorities are necessary to succeed in this position.

Education and Experience

• Banking experience a plus

Location: Naperville, IL (Hybrid: In-office Tuesday, Wednesday, and Thursday; Remote Monday, Friday)

No relocation assistance provided.

Physical Requirements:

Must be able to work at a computer for long periods of time. Lift up to 15 lbs.