Settlement & Reconciliation Specialist II

About the role

At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations.

Responsibilities

Settlement

• Monitor executed equity and fixed income orders via order management systems and FIX lines for accuracy and ensure all trades are properly maintained in the systems with a goal to achieve high percentages of straight-through processing for transactions
• Review trade confirm and transaction reports to identify and resolve any issues with order details to avoid expensive failed trade scenarios
• Work with third-party settlement software to address affirmation and settlement of trades
• Perform quality control checks of tax-lot relief and cost basis settings in custody and portfolio management systems to ensure tax-sensitive trading is managed properly
• Report cash deficiencies and failed trades to traders and client service teams promptly to avoid potential negative experiences for clients
• Maintain transaction files and confirmations in compliance with record-keeping obligations
• Assist traders with activity associated with the placement and processing of orders in securities
• Stay apprised of corporate actions that may require position adjustments or trades to address requirements to sell securities that are not part of a stated investment program
• Develop and maintain strong relationships with executing brokers and custodians to facilitate efficient processing of transactions in securities

Reconciliation

• Review and resolve any and all differences between the firm’s cash and asset positions compared to the records of the respective custodians of clients’ cash and assets
• Research and work to resolve exceptions
• Provide management with reports on various metrics associated with client account activity

Qualifications & Requirements

• Technology: Salesforce, Portfolio and Order Management Software, Microsoft Suite (competency or ability to learn quickly)
• Proactivity
• Organization
• Time management
• Confidentiality / discretion
• Excellent verbal, written, analytical, and organizational skills
• Ability to identify, meet and follow through with client needs and requests
• Able to work independently
• Enjoy being part of a team
• Must be highly flexible and confidential with all client and firm matters

Pay

This position is non-exempt and is paid according to the laws of the State of Massachusetts. The pay range for this position is $30.00 - $37.00 USD per hour. Salary offers are determined based on final candidate qualifications and experience.

Physical Requirements

• Ability to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer
• Ability to lift up to 15 pounds
• Required to work onsite 4 days per week

U.S. Eligibility Requirements

• Must be 18 years of age or older
• Must have unrestricted work authorization to work in the United States
• Corient hires U.S. citizens or permanent residents (exceptions determined based on shortage of qualified candidates with a particular skill)
• Proof of work authorization required
• Corient participates in E-Verify
• Must be willing to execute Corient’s Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure

Benefits

• 401(k) Plan with Employer Matching
• Four Medical Plan options generously subsidized by Corient
• Employer paid Dental, Vision & Life and AD&D Insurance
• Employer paid Short-term & Long-term Disability
• Paid Maternity & Parental Leave
• Flexible Spending Accounts & Health Savings Accounts
• Dependent Care FSA
• Commuter & Transit FSA
• Corporate Discount Program - Perkspot
• Training Reimbursement
• Paid Professional Designations
• Giving back to the community - Volunteer days

About Corient

Corient is the world’s largest multi-family office and non-bank wealth manager focused on serving ultra-high- and high-net-worth clients. As the industry’s only global professional services partnership, we combine the personal service and objectivity of a boutique with the scale and resources of a global institution. Our partnership model fosters collaboration over competition, bringing together the collective expertise of Corient to each relationship to deliver a transparent, client-first experience. As a fully integrated global firm, we deliver comprehensive solutions across investment management, wealth strategy and family office services to help clients simplify their lives, manage their wealth and establish lasting legacies.