Associate Analyst, Settlements
About The Position
Job Overview: The Associate Analyst role within the Settlements department will be responsible for providing problem-solving, reporting, project and training support to the Settlements team, and continuing to provide strong process level support to multiple sides of the team. This will require the Associate Analyst to have a foundational level of knowledge of all team processes with expertise in 2-3 subjects. You will also support leadership on business improvement projects. What are we looking for? We want strong collaborators who can deliver a world-class customer service experience for LPL’s Financial Professionals. We are looking for people who thrive in a fast-paced environment, are client-focused, team-oriented, and are able to execute in a way that encourages creativity and continuous improvement.
Requirements
- 2+ years’ experience in the brokerage and financial services industry, or 1+ year of direct Settlements Experience
- Strong analytical and problem solving skills with a keen attention to detail
- Proficient to Advanced with Microsoft Office, particularly Excel, Word, PowerPoint
- Excellent oral and written communication skills
- Ability to perform under pressure with competing deadlines
Nice To Haves
- Bachelor’s Degree from an Accredited University
- FINRA SIE or Securities Registration
- Prior Experience in an Analytical Role
- Experience using SQL macros and V-Lookups
Responsibilities
- Reconciling trade settlement and transfer fails to receive/deliver for equity and fixed income securities, metals, alternative investments, and international securities
- Performing surveillance of trade obligations through daily reports for Municipal Bond, DVP, Penny Stock and CNS Trades and providing documented QC of reports generated by others
- Balancing net settlement figures between General Ledger accounts for DTCC, NSCC, CNS, Bank of New York (BONY), and Fidelitrade
- Offering strong problem solving to reconcile complex stock record breaks and supporting junior associates through training and learning
- Executing Buy-ins and maintaining surveillance on short holdings of both securities and cash to ensure control of firm-level and client-level positions
- Partnering with Trading, Purchase & Sales, Treasury, and Operations Control to help run a sound business
- Working with senior analysts, and leadership to drive improvement for the business through dedicated efforts on team projects
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
