Securities Analyst II

Fifth Third; Cincinnati (OH); On-site; USD 56,000 - 74,000; Full time

Job summary

Fifth Third Bank in Cincinnati, OH is seeking a Securities Services professional to manage settlements, mutual fund settlements, or corporate actions within a high‑risk, high‑dollar environment. You will perform trade support, settlement, investigations and confirmations with senior supervision and cross‑team collaboration.

Responsibilities include verifying settlement information, processing cash movements, and serving as a resource for colleagues.

Qualifications

• Requires Bachelor’s degree or equivalent work experience.
• 2-3 years of operations experience in securities clearance industry required.
• Intermediate knowledge of investments.
• Possess excellent written and verbal communication skills including the ability to effectively communicate on behalf of the Bank to both internal and external clients.
• Demonstrated professional customer service skills with a strong focus on delivering exceptional customer service.

Responsibilities

• Handles securities processing tasks of a more difficult nature and/or higher risk as needed including independently processing transactions of extremely high dollar amounts.
• Verifies trade settlement information at depository and in proprietary system.
• May be required to execute new trades/instructions in various markets.
• Processes cash movement in an accurate and timely fashion in accordance with prescribed deadlines and department procedures.
• Researches and resolves questions and inquiries presented by internal and external parties and communicate resolution in a timely manner.
• Often serves as first line contact for issues received from administrators, custody reps and investment staff.
• Reconciles cash and security positions with internal and external counter parties on a daily basis.

Skills

Communication skills

Microsoft Office

Problem solving

Organizational skills

Interpersonal skills

Ability to work under pressure

Education

Bachelor’s degree or equivalent experience

Tools

Microsoft Excel

Microsoft Word

Job description

GENERAL FUNCTION: This role will be required to cover a broad area of responsibilities within Securities Services in one of the following areas: settlements, mutual fund settlements, outside trade support or corporate actions. Expected to perform activities inclusive of trade support, clearance/settlement/investigations, and confirmations with direct supervision. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Handles securities processing tasks of a more difficult nature and/or higher risk as needed including independently processing transactions of extremely high dollar amounts.
• Verifies trade settlement information at depository and in proprietary system.
• May be required to execute new trades/instructions in various markets.
• Processes cash movement in an accurate and timely fashion in accordance with prescribed deadlines and department procedures.
• Considered subject matter expert, serves as a departmental resource for ongoing questions and problem solving for team members’ and others outside of the department.
• Demonstrates accuracy and timeliness in work as evidenced through audits by senior securities analyst and/or department manager.
• Researches and resolves questions and inquiries presented by internal and external parties and communicate resolution in a timely manner.
• Often serves as first line contact for issues received from administrators, custody reps and investment staff.
• Contacts counter party, including internal and external parties to follow-up on outstanding settlement issues, report and research fail activity and communicate settlement issues with Administration, vendors, depositories and other interested parties in accordance to established customer service guidelines.
• Promotes teamwork and participate in the cross training of team members.
• Reconciles cash and security positions with internal and external counter parties on a daily basis.
• Verifies accuracy of incoming documents and processing work using internal quality assurance processes.
• Performs any other duties as assigned.

SUPERVISORY RESPONSIBILITIES

None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

• Requires Bachelor’s degree or equivalent work experience.
• 2-3 years of operations experience in securities clearance industry required.
• Intermediate knowledge of investments.
• Possess excellent written and verbal communication skills including the ability to effectively communicate on behalf of the Bank to both internal and external clients.
• Demonstrated professional customer service skills with a strong focus on delivering exceptional customer service.
• Strong mathematical and organizational skills.
• Display excellent intuitive judgment, systematic approach to problem solving and effective problem resolution skills.
• Ability to work in stressful environment and meet deadlines.
• Strong interpersonal/relationship skills.
• Strong problem solving skills and ability to recognize potential problems and formulate solutions in a timely manner.
• Proficient with Microsoft Office products, including Word, Excel, etc. as well as a demonstrated aptitude for learning other business‑specific software programs.

COMPENSATION & BENEFITS

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well‑being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45227

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.