BCforward - Boston, MA
posted 2 months ago
The Operations Specialist IMO position at BCforward is a critical role that involves matching or identifying discrepancies in trade economic details between clients and their counterparties. The specialist will prepare communications regarding the settlement of securities across various markets to the client's custodian. This role requires monitoring and resolving any failed trades, cash movements, collateral settlements, or corporate actions, ensuring that all transactions and reporting related to different security types are processed in a timely and accurate manner. The Operations Specialist will work closely with both the client and their counterparties to facilitate smooth operations and maintain high standards of service delivery. In addition to the core responsibilities, the Operations Specialist will manage a daily volume of work while adhering to strict deadlines. Collaboration with team members is essential to meet daily requirements, and the specialist will be expected to update team procedures as necessary. Effective communication is key, as the role involves professional interactions via email, phone, or in person with internal and external clients and counterparties. The specialist will also provide feedback on counterparty performance and ensure superior client service to maintain client satisfaction and reference ability. The position requires a strong understanding of settlement procedures and restrictions for various markets and asset types. The Operations Specialist must work with a risk-averse mindset, proactively communicating and escalating potential risks, errors, and issues in a timely manner. Data privacy and integrity are paramount, and the specialist must adhere to all protocols and security procedures to mitigate cyber risks. Overall, this role is vital for ensuring the smooth operation of financial transactions and maintaining the trust of clients and stakeholders.