Operations Specialist - Institutional Middle Office (IMO)

About the role

The Global Institutional Middle Office (GIMO) acts as an important conduit between a client’s front office trading, oversight functions, and back office servicing centers. This role, as part of a team, is responsible for custody reconciliations, including matching and trade dissemination to the broker, the custodian and the fund accounting agent for BBH’s institutional clients. The role is responsible for relationship management, processing and escalating claims, income collection, corporate actions, collateral management, and failed trade monitoring. This role also handles post execution, pre-settlement functions, and creates consolidated views and support for the clients across all custodians and/or service providers.

Responsibilities

• Matches or identifies discrepancies of client’s trade economic details as compared to the client’s counterparty instruction.
• Prepares communication of settlement of securities in different markets to the client’s custodian.
• Maintains and resolves any failed trades, cash movements, collateral settlements or corporate actions.
• Works closely with the client and client’s counterparty(s) to ensure transactions and/or reporting related to the different security types are processed timely and accurately.
• Understands settlement procedures and restrictions for various markets and asset types and acts accordingly.
• Manages daily volume of work adhering to daily deadlines.

Requirements

• BA/BS degree. Preference given to Finance, Accounting, Economics, and Mathematics majors.
• Ability to communicate professionally both verbally and written.
• Ability to manage time efficiently and effectively and to meet all deadlines.
• Organizational skills and detail-oriented.
• Ability to work independently, efficiently, and effectively to meet time constraints while handling multiple tasks.
• Ability to work collaboratively in a team environment.
• Strong commitment to quality.
• Aptitude for thorough and timely research, analysis and resolution of a problem.

Skills

• Knowledge of relevant systems and processes.
• Ability to work independently and collaboratively.
• Proactive communication and escalation of potential risks.

Qualifications

• Ability to work in a hybrid function (3 days weekly) in our Boston Office.

Benefits

BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.

Pay

Salary Range: MA: $45,000 - $60,000 base salary + annual target bonus

Schedule

Hybrid Function (3 days weekly)