Securities Lending Associate

eSecLending, LLC; Boston (MA); On-site; USD 65,000 - 90,000; Full time

Job summary

eSecLending, LLC seeks a Securities Lending Associate to support clients in Europe and North America, handling recalls, buy-ins, and settlement tracking. You will take loan and return instructions, ensuring accurate trade bookings with custodians and maintaining strong broker relationships.

The role requires meticulous attention to detail, excellent written and verbal communication, and advanced Excel skills.

Qualifications

• BA/BS in Accounting, Finance, Economics or related field with 2–3 years related work experience.
• Detail oriented with excellent oral and written communication.
• MS Office proficiency and Excel skills.
• Experience in financial markets or securities settlement is a plus; Advanced Excel skills required.

Responsibilities

• Process and track trade notification from lenders, investment managers and/or lenders’ custodian(s) within established timeframes.
• Distribute recall notices to borrowers and monitor recalls; provide follow up as needed.
• Ensure daily global operational processes reduce exposure while complying with lender guidelines and risk parameters.
• Develop and leverage borrower relationships to provide quality services.
• Support other operational units as needed.
• Optimize current procedures and processes for greater efficiency.

Skills

Detail oriented

Communication skills

Multitasking

Problem solving

MS Office

Excel

Securities settlement experience

Education

BA/BS in Accounting, Finance, Economics or related field

Tools

MS Office

Job description

The Securities Lending Associate (SLA) will provide direct assistance to eSecLending’s clients and broker/dealer communities in the European and North American. This position is responsible for monitoring past due recalls and receipt and issuance of potential buy-in notices.This includes ensuring that all sell and recall processes for exclusive and discretionary securities lending programs are in compliance with established procedures.The SLA will also take loan and return instructions from the brokers and ensure accurate trade bookings internally as well as at the custodian level. Candidate will have considerable interaction with the broker/dealer community and several custodians and will be responsible for following up on settlement of returns, recalls and sells throughout the shift.Candidate will be expected to elevate urgent settlement and buy-in issues to their supervisors in a timely manner. The candidate will need to develop and establish effective positive working relationships both internally and externally to successfully perform the job.

RESPONSIBILITIES:

• Process and track trade notification from lender’s, investment managers and/or lender’s custodian(s) within established timeframes
• Ensure the timely and accurate distribution of recall notices to the borrowers Track and monitor open recalls and provide follow up as needed; escal... any sensitive issues with Supervisor
• Ensure daily global operational processes and procedures efficiently and effectively reduce exposure, while providing quality service and compliance with individual lender guidelines and risk parameters
• Develop, maintain and leverage borrower relationships to provide quality services by determining and adapting to the changing requirements of borrowers
• Support other operational business units as needed
• Optimize current procedures and processes to greater efficiency

QUALIFICATIONS:

Seeking a college graduate with a BA/BS in Accounting, Finance, Economics or related field with minimum of two to threeyears related work experience. Candidates must be detail oriented, have excellent oral and written communication skills, be capable of managing multiple projects simultaneously, work well under tight deadlines and possess good problem solving skills. Candidates should be proficient in MS Office (specifically Word and Outlook) and should have previous experience and/or proficiency in financial markets. Previous securities settlement experience a plus, but no longer required. Advanced Excel skills required.