Client Settlements Specialist

Responsibilities

• Certify receipts for deposit to Depository Trust & Clearing Corp (DTCC) or foreign depositories/custodians (i.e., Euroclear, Canaccord, Bank of America Merrill Lynch, and Citicorp)
• Facilitate the timely and accurate processing of all Mutual Fund trades, corrections, cancellation, rebills, and transfers of accounts
• Aid in handling incoming and outgoing physical certificates for deposit, Vault control, re-registration in Wedbush Street name and break down for delivery needs
• Cross-train across all departmental functions and achieve full proficiency in each role and area of responsibility
• Contact brokers and resolve settlement problems
• Perform other tasks and duties as required and assigned

Requirements

• Bachelor's Degree from an accredited university preferred
• 2+ years of settlement experience required
• Hands-on experience with DTCC settlement functions, Refinitiv BETA and FIS P3 system experience required
• Familiarity with 144 Legend Removal (SEC Non-Registered Securities)
• Maintain a high degree of accuracy and attention to detail in a constantly changing, deadline-driven environment
• Ability to prioritize competing priorities while working independently and as part of a team
• Quickly learn and adapt to swings in workload volume and changes in assignments
• Strong verbal and written communication skills
• Experience with and expert knowledge of the depositories/custodians listed above is a plus
• Experience with SunGard Phase 3 and BETA are a plus

Qualifications

Bachelor's Degree from an accredited university preferred

Skills

• Hands-on experience with DTCC settlement functions, Refinitiv BETA and FIS P3 system experience
• Familiarity with 144 Legend Removal (SEC Non-Registered Securities)
• Experience with SunGard Phase 3 and BETA

Benefits

What We Offer
Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed.
The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $45.00/hr to $55.00/hr.
Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance.
Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Pay

What We Offer
The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $45.00/hr to $55.00/hr.

Schedule

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.