• SALARY:NONE
  • Saint Petersburg, Florida

Saint Petersburg, Florida

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Senior Clearance Associate-2401431

Description

40% in-office and up to 60% work-from-home, if desired. Must live within commutable distance from our home office.

Hybrid Work Environment

Job Summary

Under limited supervision, uses advanced skills gained through training and experience to process a wide variety of settlement activity and assist in monitoring the day-to-day work flow of the department. Works closely with the department supervisor to ensure established processing timeframes are met and the department remains fully compliant with all rules/regulations instituted by the firm and various regulatory bodies. Requires knowledge and use of SIS, Impact and other settlement systems (DTCC, FBE and NSCC) to perform various job duties. Participates in the preparation and closing of Municipal and Syndicate IPO underwritings, including the tracking of the shares in the secondary market. Extensive contact with both internal departments and external firms is required when researching and resolving settlement problems. Overtime may be required due to heavy trade volume and/or balancing reconcilement. Cross training on all job functions in the department is expected.

Essential Duties and Responsibilities

Monitors fails, extensions, and closeouts on DVP accounts to ensure the Firm remains compliant with Reg T

Monitors firm equity and bond deficits to ensure the firm is 15c-3 compliant

Monitors daily settlement balancing to ensure correct intra-day estimate figures and end of day settlement figures are accurately reported to Treasury Management

Calculates market and firm risk when working on trade settlement problems

Prepares IPO paperwork for DTCC and the Transfer Agent participate in IPO closings

Works with branches, contra firms and depositories to resolve trade problems

Actively pursues fail resolution by monitoring Broker and DVP accounts and following established department procedures and industry regulations

Researches and resolves trade problems due to changes on the original price, commission or instructions

Resolves monetary or stock record out-of-balances

Provides support or fills in for other department associates during absences or high volume.

Updates and reviews department procedures as processes change

Assists with establishing and enforcing departmental policies

Works with management team to streamline processing procedures and improve workflows, reduce costs and minimize exceptions without hindering service levels

Supports department management through active participation in unit team meetings and ongoing cross-training

Provides training, guidance and assistance to other associates as required

Assists in the supervision and review of lower level associates' work performance

Performs other duties and responsibilities as assigned

Qualifications

Knowledge, Skills, and Abilities

Knowledge of

Basic mathematical/bookkeeping skills including addition, subtraction, multiplication, division, percentages, fractions, averages and balancing sufficient to complete settlement

General office practices, procedures and methods

General accounting procedures

DTCC and Fed depository settlement rules and time cut-offs

15c-3 possession and control rules regarding customer fully paid securities and fail resolution

Reg T as applicable to DVP accounts

MSRB Rule G-12 municipal close-outs

Skill in

Operating standard office equipment and the use of Microsoft Office applications (Word, Excel, Outlook and Access) at an intermediate to high level to create documents, spreadsheets, and business correspondence

Accurate 10 Key and data entry

Organization and time management sufficient to prioritize workload, handle multiple tasks, and meet critical deadlines

Calculating percentages, balance accounts, and provide statistical data

Ability to

Work well under pressure due to stringent timeframes and high trade volume

Adjust to fluctuations in work volume and changes to assignment priorities

Accurately process entries in all systems and recognize/resolve erroneous entries

Communicate information orally and written in a clear and effective manner sufficient to interact with internal associates and external contacts at all levels

Research and resolve problems in a timely manner

Exercise sound, independent judgment

Determine required actions by following regulatory and/or departmental guidelines

Multi-task

Display a high level of critical thinking

Train new associates, critique their work and assist co-associates with their assigned tasks

Effectively gather relevant information and identify key issues

Educational/Previous Experience Requirements

Associate's Degree and a minimum of three (3) years general work experience and one (1) to two (2) years industry experience preferred

~or~

Any equivalent combination of education, experience and/or training approved by Human Resources.

Licenses/Certifications

None required but a Series 99 is preferred

Raymond James Guiding BehaviorsAt Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firms core values of client-first, integrity, independence and a conservative, long-term view.We expect our associates at all levels toAt Raymond James as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Job

Operations

Primary Location

US-FL-St. Petersburg-Saint Petersburg

Other Locations

US-TN-Memphis-Memphis, US-MI-Southfield-Southfield

Organization

Operations & Administration

Schedule

Full-time

Shift

Day Job

Travel

Yes, 5 % of the Time#LI-SJ1