Job Information
KeyBank NA Operations Depository Trust Company (DTC) Settlement Analyst in Cleveland, Ohio
Location: 4900 Tiedeman Road, Brooklyn Ohio Job Summary The Operations Depository Trust Company (DTC) Settlement Analyst is responsible for the accurate and timely settlement of equity, fixed income, repo, options, swaps and futures trades, both US and global, for accounts on the Global Plus system. Provides support to department Manager, Section Manager, and Associates to ensure the proper entry, confirmation, settlement, and trade resolution for all facets of Equity and Fixed Income Trading. The individual will assist and support Investment/Trust professionals in a Trust and Investment Management environment. Additionally, an Analyst researches and resolves reconciling exceptions within set time standards and assists management in making improvements from a manual to an automated environment within this diverse, fast-paced and ever-changing environment. Essential Functions: Support DTC Settlement: Deliver out sales of securities through the Depository Trust Company according to industry and department deadlines. Settle purchases of securities through the Depository Trust Company according to industry and department deadlines. Resolve settlement problems and issues through analysis and collaboration with both internal and external parties. Balance trade settlement activity through DTC according to department deadlines. Perform the net settlement process with DTC according to department and industry deadlines. Responsible for developing and maintaining relationships with multiple stakeholders, including external clients, line of business partners, investment managers, and operations personnel Research and resolve issues as they arise Take a leadership role in operational projects and client requests Update and maintain policies and procedures Perform quality control review on team members' work Provide training for new employees and daily guidance to other analysts as assigned by Section Manager Research and resolve trade exceptions and failed trades through coordination and follow-up with investment managers and/or brokers and other Investment Ops areas on a timely basis Ability to identify issues and effectively research and resolve problems, including definition of root cause Act as a back-up to other team members Support team with approvals, reversals, and end of day activities Ability to handle multiple tasks at the same time, and meet tight trading deadlines Perform other duties as assigned; duties, responsibilities, and/or activities may change, or new ones may be assigned at any time with or without notice Comply with all KeyBank policies and procedures, including always acting professionally, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key Additional Functions Participate in Business Reviews and Continuous Improvement initiatives Provide problem solving ability as well as support to others with problem solving Provide proactive client service Work in a team environment and implement continuous improvement initiatives to increase quality, speed and productivity within the department Education Bachelor's degree in Accounting, Finance or business-related area or equivalent work experience Work Experience Bachelor's Degree or equivalent work experience 0+ years minimum experience in the financial services industry (could include internships, involvement in school programs, etc.) Investment Operations experience, preferred Experience working with Microsoft Office Products (Excel, Word) required Basic - Intermediate Excel skills required (VLOOKUP's, Subtotals, etc.) Skills Trade Settlement Execution: Ensures accurate and timely settlement of equity, fixed income, repo, options, swaps, and futures transactions. Exception & Break Resolution: Identifies, researches, and resolves