Securities Processing Specialist

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

About the role

Process paperwork for new brokerage, direct mutual funds, annuity, and life business and maintenance requests according to established procedures and within established service standards. Ensure all paperwork is completed in its entirety and all required forms are included. Provide support to and serve as a resource for front-office colleagues specific to operational procedures, processes, and guidelines. Maintain an effective working relationship with all partners and customers to ensure quick resolution to transaction errors and problems.

Responsibilities

• Review new account documents and disclosures submitted for brokerage, direct mutual funds, annuity, and life accounts according to established procedures and service standards.
• Ensure customers are identified according to CIP/BSA/AML policies and procedures.
• Review to ensure accounts are coded and opened accurately.
• Communicate promptly and clearly, to the appropriate colleague(s), not in good order (NIGO) work items for timely resolution.
• Submit documents timely to vendors as necessary to avoid delays.
• Review all account maintenance and service requests for required documentation.
• Process all maintenance and service requests accurately and timely according to established procedures and service standards.
• Provide exceptional and timely support and service to front-office colleagues specific to operational procedures and processes, general broker/dealer product offerings, broker/dealer systems, and broker/dealer policies and procedures by working directly with product and system vendors to resolve/troubleshoot issues.
• Respond promptly and accurately to email, telephone, and service request inquiries from front-office colleagues.
• Maintain procedures and knowledge base to ensure accurate and consistent responses to front-office colleagues.
• Review trades that violate compliance and operational rules and accurately release or reject the trade in a timely manner for execution.
• Review and release/reject applicable client money movement requests and standing money movement instructions to mitigate risks to the firm and the client.
• Review and resolve trade exceptions, money movement rejects, and check deposit transactions the same day the issue is identified.
• Review and process all trade corrections timely and accurately.
• Process checks and physical securities in accordance with established procedures to meet regulatory requirements.
• Record checks and securities accurately in the checks and securities database for accurate reporting to internal audit and external regulators.
• Ensure all funds are transmitted to third-party vendors promptly to avoid regulatory exceptions for AIS.
• Follow up on new accounts to ensure accounts/contracts are opened accurately and funding is received.
• Contact the applicable product vendors to resolve all issues.
• Accurately enter required CIP and KYC/KYA information in the Financial Intelligence Department's system for documentation and review.
• Create and submit an incident ticket to the Associated Bank technical support team for any account owners or authorized parties records that did not feed into the system.
• Identify higher potential risk transactions and follow up to ensure they are processed correctly and completed in a timely manner.
• Run periodic exception reports; clear and/or report on the exceptions as appropriate.
• Draft functional desktop procedures, update procedures to reflect current processes, and provide functional training to new colleagues.

Requirements

• 1-3 years of Financial Services experience (required)
• 3-5 years of Brokerage experience (preferred)

Qualifications

• Associate's Degree or equivalent combination of education and experience (required)
• Bachelor's Degree in Finance, Accounting, or Economics (preferred)
• Series 7-Stockbroker Exam within 2 years (preferred)
• Series 66 License within 2 years (preferred)

Benefits

• Retirement savings including both 401(k) and Pension plans
• Paid time off to volunteer in your community
• Diversity-focused Colleague Resource Groups
• Competitive salaries with professional development and advancement opportunities
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, and military benefits
• Personal banking, loan, investment, and insurance benefits

Pay

$19.96 - $34.21 per hour