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GWIM Ops Analyst - Securities Based Lending Collateral Specialist

In United States

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GWIM Ops Analyst - Securities Based Lending Collateral Specialist   

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JOB TITLE:

GWIM Ops Analyst - Securities Based Lending Collateral Specialist

JOB TYPE:

JOB SKILLS:

JOB LOCATION:

Pennington, NJ United States

JOB DESCRIPTION:

LOB Description:

The Securities Based Lending Collateral Specialist handles multiple responsibilities, including:

  • Daily review of account balances and holdings to determine adherence with firm and regulatory collateral requirements to reduce risk to clients and the firm.
  • Processing service requestsincluding, but not limited to Margin, Fed Funds, Checks, Journal Entries and Periodic Distributions.
  • Handling inbound calls from branch offices via the MLSN network while maintaining high survey results and providing correct information and resolution.
  • Includes ability to understand and effectively communicate ML systems, including Accounts Processing (AP), Brokerage Authorization (BA), Genesis, Naked Options Stress Analysis (NOSA), and the Commitment Tracking System (CTS)
  • Performing User Acceptance Testing (UAT) of the above mentioned systems, including occasional Saturday release testing.
  • Calculating collateral requirements, including margin and options strategies.
  • Contributing to the team by implementing procedural changes with regard to request processing and compliance/exposure issues.
  • Additional responsibilities (annual systems calculation reviews, procedure reviews, askMerrill/Smart Agent updates, etc.).

 

Required Skills:

  • Proficient in performing basic mathematical calculations (multiplication, division, etc.) with accuracy.
  • Strong working knowledge of Microsoft Office applications, including Excel, Word, and PowerPoint.
  • Strong organizational skills, attention to detail, and ability to work independently with minimal supervision.
  • Strong written and verbal communication skills in order to perform in a proactive and effective manner across all levels of the organization.
  • Ability to interpret and effectively communicate information contained in account holdings, activity, and balances.

 

Desired Skills:

  • College Degree Preferred
  • Knowledge of Securities Based Lending products offered by ML (Margin, Options, LMA, ML Home Loans, etc.)
  • Knowledge of margin and option requirements.
  • Understanding of the Securities Industry and the various internal and external rules and regulations affecting the industry and department (e.g., Regulation T, Regulation U, FINRA, firm policies and procedures, etc.).
  • Familiarity with processing financial transaction requests via ASAP & ATCS.

Position Details

POSTED:

Oct 05, 2022

EMPLOYMENT:

INDUSTRY:

SNAPRECRUIT ID:

S16537536265302559

LOCATION:

United States

CITY:

Pennington, NJ

Job Origin:

OORWIN_ORGANIC_FEED

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In Dallas Fort Worth
Aug 19, 2017 9am-6pm
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GWIM Ops Analyst - Securities Based Lending Collateral Specialist    Apply

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<div> <p><b><u>LOB Description:</u></b></p> <p>The Securities Based Lending Collateral Specialist handles multiple responsibilities, including:</p> <ul> <li>Daily review of account balances and holdings to determine adherence with firm and regulatory collateral requirements to reduce risk to clients and the firm.</li> <li>Processing service requestsincluding, but not limited to Margin, Fed Funds, Checks, Journal Entries and Periodic Distributions.</li> <li>Handling inbound calls from branch offices via the MLSN network while maintaining high survey results and providing correct information and resolution.</li> <li>Includes ability to understand and effectively communicate ML systems, including Accounts Processing (AP), Brokerage Authorization (BA), Genesis, Naked Options Stress Analysis (NOSA), and the Commitment Tracking System (CTS)</li> <li>Performing User Acceptance Testing (UAT) of the above mentioned systems, including occasional Saturday release testing.</li> <li>Calculating collateral requirements, including margin and options strategies.</li> <li>Contributing to the team by implementing procedural changes with regard to request processing and compliance/exposure issues.</li> <li>Additional responsibilities (annual systems calculation reviews, procedure reviews, askMerrill/Smart Agent updates, etc.).</li> </ul> <p> </p> <p><u><b>Required Skills:</b></u></p> <ul> <li>Proficient in performing basic mathematical calculations (multiplication, division, etc.) with accuracy.</li> <li>Strong working knowledge of Microsoft Office applications, including Excel, Word, and PowerPoint.</li> <li>Strong organizational skills, attention to detail, and ability to work independently with minimal supervision.</li> <li>Strong written and verbal communication skills in order to perform in a proactive and effective manner across all levels of the organization.</li> <li>Ability to interpret and effectively communicate information contained in account holdings, activity, and balances.</li> </ul> <p> </p> <p><u><b>Desired Skills:</b></u></p> <ul> <li>College Degree Preferred</li> <li>Knowledge of Securities Based Lending products offered by ML (Margin, Options, LMA, ML Home Loans, etc.)</li> <li>Knowledge of margin and option requirements.</li> <li>Understanding of the Securities Industry and the various internal and external rules and regulations affecting the industry and department (e.g., Regulation T, Regulation U, FINRA, firm policies and procedures, etc.).</li> <li>Familiarity with processing financial transaction requests via ASAP & ATCS.</li> </ul> </div>


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