Settlement & Reconciliation Specialist II

CI Financial; Boston (MA); In loco; USD 41.000 - 51.000; Tempo pieno

Vantaggi offerti da questo lavoro

401(k) Plan with Employer Matching

Medical Plan options (4)

Dental, Vision & Life Insurance

Short-term & Long-term Disability

Paid Maternity & Parental Leave

FSA/HSA Programs

Commuter & Transit FSA

Training Reimbursement

Professional Designations Support

Volunteer Days

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Corient in Boston is seeking an experienced settlement and reconciliation professional to monitor equity and fixed income orders, review trade confirmations, and resolve issues to prevent failed trades. The role requires strong collaboration with brokers, custodians, and client service teams to maintain accurate records and timely processing.

Responsibilities include QC of tax-lot relief and cost basis, managing cash positions, and ensuring regulatory and record-keeping compliance.

Competenze

• Experience with transaction processing and trade settlement is preferred.
• Strong analytical and problem-solving abilities.
• Excellent communication and organizational skills.
• Ability to work independently and in a team.
• High degree of confidentiality and discretion in handling client information.

Mansioni

• Monitor executed equity and fixed income orders via order management systems and FIX lines to ensure straight-through processing.
• Review trade confirmations and reports to resolve issues and avoid failed trades.
• Collaborate with third-party settlement software for affirmation and settlement of trades.
• Perform QC checks of tax-lot relief and cost basis settings in custody systems.
• Report cash deficiencies and failed trades promptly to traders and client service teams.
• Maintain transaction files and confirmations in compliance with record-keeping obligations.
• Assist traders with order placement and processing in securities.
• Stay aware of corporate actions requiring position adjustments or related trades.
• Develop and maintain relationships with executing brokers and custodians to facilitate efficient processing.

Conoscenze

Proactivity

Organization

Time management

Confidentiality / discretion

Verbal and written communication

Analytical thinking

Client needs assessment

Independent work

Team collaboration

Flexibility

Strumenti

Salesforce

Portfolio and Order Management Software

Microsoft Office Suite

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Join a team that values your ambition and empowers your growth

At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.

Responsibilities

Settlement

• Monitor executed equity and fixed income orders via order management systems and FIX lines for accuracy and ensure all trades are properly maintained in the systems with a goal to achieve high percentages of straight-through processing for transactions

• Review trade confirm and transaction reports to identify and resolve any issues with order details to avoid expensive failed trade scenarios

• Work with third-party settlement software to address affirmation and settlement oftrades

• Perform quality control checks of tax-lot relief and cost basis settings in custody and portfolio management systems to ensure tax-sensitive trading is managed properly

• Report cash deficiencies and failed trades to traders and client service teams promptly to avoid potential negative experiences for clients

• Maintain transaction files and confirmations in compliance with record-keeping obligations

• Assist traders with activity associated with the placement and processing of orders in securities

• Stay apprised of corporate actions that may require position adjustments or trades to address requirements to sell securities that are not part of a stated investment program

• Develop and maintain strong relationships with executing brokers and custodians to facilitateefficient processing of transactions in securities

Reconciliation

• Review and resolveany and alldifferences between the firm’s cash and asset positions compared to the records of the respective custodians of clients’ cash and assets

• Research and work to resolve exceptions

• Provide management with reports on various metrics associated with client account activity

Qualifications & Requirements

• Technology: Salesforce, Portfolio and Order Management Software, Microsoft Suite (competency orability to learn quickly)

• Proactivity

• Organization

• Time management

• Confidentiality / discretion

• Excellent verbal, written, analytical, and organizational skills

• Ability to identify, meet and follow through with client needs and requests

• Able to work independently

• Enjoy being part of a team

• Must be highly flexible and confidential with all client and firm matters

This position description is intended to provide a general overview of the expectations and responsibilities ofthis position and may not include all tasks that may be assigned. As the natureof business demands change,so may the functions of this position. Additional duties and responsibilities may be assignedwith or without notice.

Pay Information

This position isnon-exemptand is paid according to the laws of the State ofMassachusetts.The pay range for this position is$30.00 - $37.00USD perhour.Weare required toprovide a reasonable estimate of the compensation range for this role.This rangetakes into accountthe wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers aredeterminedbased on final candidate qualifications and experience.

Physical Requirements

• This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible.
• This position may require the ability to lift up to 15 pounds.
• This position is required to work onsite 4 days per week.

U.S. Eligibility Requirements

• Must be 18 years of age or older.
• Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization.
• Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9.
• Must be willing to execute Corient’s Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure.

What You Can Expect from Us

Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through:

• 401(k) Plan with Employer Matching
• Four Medical Plan options that is generously subsidized by Corient
• Employer paid Dental, Vision & Life and AD&D Insurance
• Employer paid Short-term & Long-term Disability
• Paid Maternity & Parental Leave
• Flexible Spending Accounts& Health Savings Accounts
• Dependent Care FSA
• Commuter & Transit FSA
• Corporate Discount Program - Perkspot
• Training Reimbursement
• Paid Professional Designations
• Giving back to the community - Volunteer days

Corient is the world’s largest multi-family office and non-bank wealth manager focused on serving ultra-high- and high-net-worth clients. As the industry’s only global professional services partnership, we combine the personal service and objectivity of a boutique with the scale and resources of a global institution. Our partnership model fosters collaboration over competition, bringing together the collective expertise of Corient to each relationship to deliver a transparent, client-first experience. As a fully integrated global firm, we deliver comprehensive solutions across investment management, wealth strategy and family office services to help clients simplify their lives, manage their wealth and establish lasting legacies.

Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities.

We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.

This position description is intended to provide a general overview of the expectations and responsibilities of this position and may not include all tasks that may be assigned. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned with or without notice.

Corient refers to the separate but affiliated entities under common control of Corient Holdings Inc. Client assets include all assets of Corient Holdings Inc., including majority- and minority-owned businesses.