Hybrid Entry-Level Client Service Representative

Are you a recent finance graduate looking to join one of the top companies in the Banking industry?

Are you looking to start your professional career and grow at an Entry-Level opportunity?

Do you have experience in global custody, equity finance, prime brokerage, or securities lending industry?

If you answered yes to those three questions, then apply today!

Acara Solutions seeks highly qualified candidates to work hybrid with our client in Boston, MA. Interested?

Here's what you'd do:

• The Ops Specialist - Scl Settlements and Marks Team is responsible for the accurate settlement of lending activity in conjunction with the proper receipt and delivery of cash collateral to our borrowers.
• The team is responsible for daily mark to market and associated margin calls to our borrowers.
• The group uses industry automation and best practices to ensure timely break management.
• The group works closely with Trading to ensure the successful delivery of securities to our borrowers.
• Under the supervision of the Settlements and Marks Supervisor, the Settlements and Marks Specialist will work closely with internal and external groups including Trading, Relationship Management, Trade Processing, Corporate Actions, Clients and Borrowers.
• The candidate will be able to prioritize work with competing deadlines, have an understanding of global markets and adapt to changing market regulations and client parameters.
• Ensure timely settlement of trades in various markets with various custodians.
• Maintain proper level of cash collateral for all outstanding loans.
• Ensure time posting of corporate action entitlements.
• Follow up on outstanding items with borrowers, traders and RMs.
• Escalate past due items to supervisor.
• Manage handoff of open London activity daily and ensure timely completion.
• Cross train and cover other desks within lending operations as needed.
• Process daily margin calls with our borrowers.
• Agree exposure figures daily with borrowers and resolve any breaks.
• Work with borrowers to increase automation.
• Identify opportunities for process changes that result in productivity enhancements or risk reduction.
• Work with supervisor and technology to develop and implement workflow changes to improve processing efficiency.
• Stay up to date with evolving industry and regulatory changes impacting the business.

Here's what you'll get:

Pay: $24/hr.

Hours: 40 hours/week.

Length: Temp (6 Months).

Sounds like a good fit?

APPLY TODAY

About Acara Solutions

Acara is a premier recruiting and workforce solutions provider-we help companies compete for talent. With a legacy of experience in various industries worldwide, we partner with clients, listen to their needs, and customize visionary talent solutions that drive desired business outcomes. We leverage decades of experience to deliver contingent staffing, direct placement, executive search, and workforce services worldwide.

Required Skills:

• Bachelor's Degree (BS/BA) in Finance or Accounting.
• Minimum 6 months of industry experience.
• Minimum 6 months of experience in global custody, equity finance, prime brokerage, or securities lending industry.

Preferred Skills:

• Securities lending.
• Familiarity with Securities Lending applications such as Global One, Equilend, Loanet.
• Good communication skills.
• Good analytical skills.
• Ability to multitask and prioritize appropriately.

Additional Information:

• Upon offer of employment, the individual will be subject to a background check and a drug screen.
• In compliance with federal law, all persons hired will be needed to verify identity and eligibility to work in the United States and to complete the necessary employment eligibility verification form upon hire.
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