Senior Securities Specialist - Asset Set-Up

About the role

The main purpose of this job is to establish New Assets on the system within security guidelines established by Commerce Trust including both the Equity, Fixed Income Investment, and Special Asset Advisors/Portfolio Managers.

Responsibilities

• Establish New Assets on the system within security guidelines established by Commerce Trust including both the Equity, Fixed Income Investment, and Special Asset Advisors/Portfolio Managers
• Complete set-up requirements, including the assignment of asset reporting and processing types, as well as market capitalization and investment style, which drives statement and client presentation reporting
• Complete asset pricing on traded and non-traded assets covering daily, weekly, and monthly requirements. This includes quality review functions to ensure Asset Market Value correctly reflected on High-Net-Worth Trust Client Reporting.
• Perform complex pricing calculations on Alternative Asset Types and Collateral Pricing requirements
• Complete all Asset Compliance Requirements such as Regulatory ASC820 Reporting, Stale Pricing Requirements, Quarterly IRA Pricing Review
• Demonstrate subject matter expert (SME) level knowledge of traded securities and complex asset types
• Avoid downstream impacts and reputational risk by ensuring accurate processing
• Identify and mitigate liability risks associated with asset or settlement activities
• Monitor, research, and resolve discrepancies or out-of-balance conditions
• Identify opportunities for process improvement and operational efficiencies
• Perform special project-related work as assigned

Requirements

• Strong knowledge of Traded/Non-Traded Security Types and the impact various set-up functions have on other aspects of security processing
• Strong analytical and critical thinking skills with ability to solve complex issues and make decisions
• Strong customer service skills
• Ability to think with a growth mindset and recommend ways to streamline processes for efficiency
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
• Advanced level proficiency with Microsoft Word, Excel, Teams, and Outlook

Qualifications

• Associate’s degree or equivalent combination of education and experience required
• 3+ years of Financial Services Industry related experience with securities knowledge required

Skills

• Strong knowledge of Traded/Non-Traded Security Types and the impact various set-up functions have on other aspects of security processing
• Strong analytical and critical thinking skills with ability to solve complex issues and make decisions
• Strong customer service skills
• Ability to think with a growth mindset and recommend ways to streamline processes for efficiency
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
• Advanced level proficiency with Microsoft Word, Excel, Teams, and Outlook

Benefits

• Employer sponsored health, dental, and vision insurance
• 401(k)
• Life insurance
• Paid vacation
• Paid personal time

Pay

Compensation Range: Hourly: $23.80 - $27.65 (Amount based on relevant experience, skills, and competencies.)

Schedule

Hybrid Schedule: In office 3 days per week