Jr. Operations Specialist (DTC)

Oppenheimer & Co. Inc.; New York (NY); On-site; USD 55,000 - 60,000; Full time

Job summary

A leading investment bank is seeking a Jr. Operations Specialist to support the DTC department in New York. The role involves managing DTCC settlements, generating reports, and ensuring compliance with section protocols. Ideal candidates should possess strong communication skills, multitasking abilities, and a collaborative mindset. Experience in financial services and knowledge of DTCC is preferred, along with proficiency in MS Office. This is an entry-level, full-time position offering a competitive salary.

Qualifications

• Experience or knowledge of DTCC preferred.
• Experience working in Financial Services.

Responsibilities

• Manage DTCC settlements, balancing and correcting positions daily.
• Generate, reconcile, and record reports.
• Assist the department manager.

Skills

Communication

Multitasking

Collaboration

Education

College degree

Tools

MS Office

Job description

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Who We Are

Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.

Job Description

Oppenheimer's Operations department is seeking an experienced candidate to support the daily functions of the DTC department in their New York office. The role requires someone who can work in a fast-paced environment, multitask, and communicate effectively. The ideal candidate will be able to work independently and have a collaborative mindset to work as part of a team.

Responsibilities

• Manage DTCC (Depository Trust Clearance Corporation) settlements, including balancing and correcting DTCC positions and cash versus our books & records daily.
• Generate, reconcile, and record reports to the Section Manager.
• Navigate Participant Web effectively.
• Work independently and cooperatively within specified sections.
• Comply with section policies, procedures, and escalation protocols.
• Assist the department manager.
• Perform other functions and tasks as assigned.

Qualifications

• Experience or knowledge of DTCC preferred.
• Bank loan, funding, and Syndicate experience is a plus.
• Experience working in Financial Services.
• College degree preferred but not required.
• Proficiency with technology including MS Office (Word, Excel, Outlook).

Compensation

For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. The current base salary range is estimated to be $55,000.00 - $60,000.00, with potential eligibility for additional compensation such as discretionary bonuses.

Additional Details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Management and Manufacturing

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