Operations Associate II - Fixed Income Settlements

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

 

Let’s talk about how you can find your place here at Stifel, where success meets success.

What You'll Be Doing

The Operations Associate II-Fixed Income Settlements is responsible for aiding in driving departmental results by ensuring accurate and timely exchange of money and securities for fixed income securities, as well as additional tasks which could require more experience and expertise to perform. This position requires a sound understanding of the settlements process while serving as a liaison to internal and external stakeholders. This role will require strong collaboration among team members, account liaisons,and other departments under direct supervision.

What We're Looking For

•  Accurately perform daily reconciliation/balancing of internal accounts while adhering to departmental procedures and guidelines provided by leadership.
•  Proficiently process trade settlement through platforms such as DTCC and/or Bank of New York, as well as additional higher level tasks for the department.
•  Analyze and resolve failing trades by identifying root causes of delays and implementing corrective actions to ensure timely settlement.
•  Apply foundational knowledge of fixed income settlement regulations to issue buy-in and sell-out notices in compliance with regulatory requirements.
•  Identify potential problems or issues that fall outside of standard procedures and provide leadership with ways to improve operational efficiency.
•  Demonstrate effective communication skills within the department and to key stakeholders.
•  Provide timely updates on progression of job responsibilities to leadership.
•  Demonstrate the ability to work collaboratively both within a team and outside of the department.
•  Assist in the advancement of both departmental and firm wide initiatives when needed.

What You'll Bring

• Strong attention to detail skills to minimize risk to the firm.
• Initiative and self-direction when performing tasks with the ability to organize and prioritizeeffectively to meet deadlines.
• Ability to utilize sound judgment to assist with more complex issues and effectively disseminaterelevant information to leadership.
• Able to handle large workloads that vary based on heavy volume periods.
• Ability to work autonomously throughout the day based on performance criteria provided byleadership.
• Ability to assist in training both new and existing associates on departmental processes regardingthe advisory account services processes.

Education & Experience

• Minimum Required: Bachelor's Degree or equivalent experience.
• Minimum Required: 2+ years professional business related experience.

Systems & Technology

•  Proficient in Microsoft Office Suite, including Outlook, Word, Excel, and PowerPoint.
•  BETA and LSEG T1.
•  DTC and/or Bank of New York (BNY).

About Stifel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

 

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

 

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

 

Stifel is an Equal Opportunity Employer.