Global Banking & Markets – Salt Lake City - Senior Associate, Billing - Invoicing, Fees & Commissions - 10215400

About the role

Support internal audit and regulatory reporting by maintaining appropriate documentation and controls over the fee and interest calculation process. Responsible for the end-to-end process of calculating, validating, and reconciling financing costs, accrued interest, and trade-related fees for hedge fund and institutional clients.

Responsibilities

• Ensure the accurate application of negotiated fee schedules, margin interest rates, and commission structures in accordance with client agreements and internal policies.
• Perform detailed reviews of client rate letters, investigate and resolve discrepancies, and manage queries related to charges.
• Collaborate with internal stakeholders including Finance, Sales, Client Services, and Technology.
• Monitor interest accruals across multiple product types (e.g., equity and fixed income financing, stock loan activity) and ensure all client charges are complete, accurate, and delivered within stipulated timelines.
• Participate in system enhancements, user acceptance testing (UAT), and automation initiatives to improve operational efficiency and reporting accuracy.

Requirements

• Bachelor’s degree (U.S. or foreign equivalent) in Finance, Business Analytics, Management Information Systems, Mathematics, or a related field.
• Two (2) years of experience in the job offered or in a related role, including:
• Reconciling daily and monthly interest accruals for client accounts with 100% accuracy in billing and financial reporting.
• Maintaining and updating complex client-specific rate structures and fee schedules in billing systems.
• Querying large transactional datasets and using Microsoft Excel VBA (Macros).
• Resolving high-value ($500K+) interest and fee disputes by identifying root causes in system-calculated charges.
• Producing, maintaining, and controlling detailed, audit-ready reports and billing summaries using tools and platforms including Alteryx.
• Participating in the preparation of documentation and evidence packages for internal audits and external regulatory reviews, ensuring adherence to reporting standards and reducing compliance risk.