Job Title: Asset & Wealth Management - Operations - PWM Margin Lending - Analyst Location: Salt Lake City, Utah Duration: 11 Months
Duties: Operations is a dynamic, multi-faceted division that turns ideas into business realities. We partner with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside that vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.
The Operations Division represents approximately 15% of the firm, with more than 4,500 people across the globe. We span all product lines and markets where business is conducted, serving as internal consultants who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.
PWM Margin Lending, as part of the global Trade and Transaction Management (TTM) organization within CIMD Operations is responsible for margin risk monitoring supporting the Private Wealth Management (PWM) business. The team seeks an experienced analyst. The successful candidate will work within a team focusing on monitoring margin exposure for the related accounts.
The Margin Lending group focuses on a combination of day to day operational functions and value added projects and initiatives. From an early stage, we develop and expect our analysts to think creatively and ‘outside the box’ as well as improving the daily process and taking responsibility and ownership for this to happen.
We promote cross training and ensure our Analysts develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group. The role will involve close interaction with other areas of the bank including Credit, Risk and Sales, therefore requiring strong communication and interpersonal skills.
The principal responsibilities include:
Calculation and issuance of margin calls for PWM clientele.
Validating and ensuring all margin calls are issued on a timely basis.
Responding to all incoming queries and interacting with many different areas of the bank, in particular with Risk, Credit and Technology.
Proactively working on enhancing the team’s process and controls.
Resolution and escalation of all client disputes and queries.
Project and initiative management and participation within the team and across all regions.
Skills:
Strong organizational and multi-tasking skills to balance competing priorities and meet deadlines.
Exceptional understanding of products, risks, controls and escalations process across Operations.
Excellent problem solving skills; comfort dealing with large datasets and strong numerical aptitude.
Motivated, enthusiastic and career focused. Strong motivation to succeed, both as an individual and as a team.
Desire for continued improvement and new challenges, both on a business and personal level.
Excel skills an advantage.
Excellent communication and interpersonal skills with a strong appreciation of client service.
Bachelor’s Degree Required.
Preferred Qualifications:
Good working knowledge of product flows and systems, including OTC derivatives and intercompany processes.
Prior experience with the Margin Lending business, systems, flows, products and client base.
Education:
Bachelors Degree
About Us: Established in 2004, SPECTRAFORCE® is one of the largest and fastest-growing diversity-owned staffing firms in the US. The growth of our company is a direct result of our global client service delivery model that is powered by our state-of-the-art A.I. proprietary talent acquisition platform, robust ISO 9001:2015/ISO 27001 certified processes, and strong and passionate client engaged teams. We have built our business by providing talent and project-based solutions, including Contingent, Permanent, and Statement of Work (SOW) services to over 140 clients in the US, Canada, Puerto Rico, Costa Rica, and India. Key industries that we service include Technology, Financial Services, Life Sciences, Healthcare, Telecom, Retail, Utilities and Transportation. SPECTRAFORCE is built on a concept of “human connection,” defined by our branding attitude of NEWJOBPHORIA®, which is the excitement of bringing joy and freedom to the work lifestyle so our people and clients can reach their highest potential. Learn more at: http://www.spectraforce.com
Benefits: SPECTRAFORCE offers ACA compliant health benefits as well as dental, vision, accident, critical illness, voluntary life, and hospital indemnity insurances to eligible employees. Additional benefits offered to eligible employees include commuter benefits, 401K plan with matching, and a referral bonus program. SPECTRAFORCE provides unpaid leave as well as paid sick leave when required by law.
Equal Opportunity Employer: SPECTRAFORCE is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, religion, color, sex, national origin, age, sexual orientation, gender identity, genetic information, disability or veteran status, or any other category protected by applicable federal, state, or local laws. Please contact Human Resources at LOA@spectraforce.com if you require reasonable accommodation. At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $23.00/hr.
