Institutional Support Representative II

About the role

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Responsibilities

• Serves as front line support between management and other lines of business, including but not limited to Middle Office, Compliance, IT, Trading, Accounting; Fifth Third Securities’ Broker Dealer, National Financial Services/Pershing, and other third-party vendors.
• Adheres to all pertinent securities laws and regulations as well as established policies and procedures in an ever-changing regulatory environment.
• Works directly with the line of business, NFS and client custodians to meet contractual DVP/RVP settlement obligations and resolve outstanding trade concerns within regulatory requirements per Regulation T, 15c3, 15C6-1 and 15C6-2 of the Securities Exchange Act of 1934 and any other relevant rules.
• Maintains and audits firm and individual representative brokerage entitlements for institutional and commercial.
• Processes, reviews, and monitors high dollar asset and money movements entered by or enters on behalf of the line of business to ensure accurate and timely completion along with following up with custodian through the point of release.
• Manages the collateral process for institutional brokerage ensuring paperwork is properly coded on file and obtaining/archiving proper release approval prior to release of funds.
• Accurately enters trade orders for fixed income, stocks, and mutual funds through the NFS/Pershing platforms on an as needed basis.
• Processes institutional brokerage trade corrections for equity trades entered through Wealthscape or NetX360.
• Produces daily reports and monitors account activities for potential concerns related to trade settlement, margin, potential risk exposure, and clearing firm discrepancies for commercial brokerage.
• Provides training and guidance to junior level staff.

Requirements

• Undergraduate degree or equivalent experience required.
• Securities Industry Essential (SIE), Series 7 and 63/66 required.
• 3+ years of experience in a Financial Operations role preferred.
• 3-5 years of experience working with brokerage accounts preferred.
• Prior experience with Bloomberg TOMS preferred.
• Knowledge of fixed income, equity, and mutual fund trading.

Qualifications

• Ability to de-escalate high impact situations using conflict resolution skills.
• Ability to work in a stressful time sensitive environment, meet deadlines with high attention to detail and multi-task with minimal to moderate supervision.
• Strong problem solving and critical thinking skills in complex situations.
• Strong math and organization skills.
• Superior verbal and written communication skills.
• Proficiency in Word, Excel, and other MS products.

Skills

• Fixed income, equity, and mutual fund trading.
• Conflict resolution skills.
• Attention to detail.
• Problem solving and critical thinking skills.
• Math and organization skills.
• Verbal and written communication skills.
• Proficiency in MS products.

Benefits

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

Pay

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.

Schedule

Not specified.