Securities Lending Operations Associate
ABN AMRO Clearing USA LLC is a global clearing firm providing integrated financial services to professional trading participants. They are seeking a Securities Lending Operations Associate to execute day-to-day operations and support the US Equities Prime Brokerage business, ensuring client facilitation and regulatory compliance.
Responsibilities
- Clear and settle US equity security borrow and loan financing transactions
- Handles both Regulatory and Counterparty driven buy-ins to mitigate firm market risk
- Answers client queries regarding recall and buy-in processes to our enable clients in understanding short selling risks
- Develop business relationships with Stock Loan Counterparties
- Support and integrate with the securities finance trading desk
- Pledge and release US equity collateral for margin and bank loans
- Facilitate post-trade contract maintenance such as reconciliation, collateral mark to markets, recalls, and returns
- Process rate changes on contract collateral and reconcile resulting differences
- Collect and pay rebate rate billing accruals with street-side counterparties
Skills
- 1+ year experience working in financial services
- Bachelor's degree in Finance, or related field
- Ability to effectively handle multiple tasks to meet deadlines
- Ability to think through and solve difficult and complex problems
- Analytical thinking from both the business and technical sides
- Advanced excel skills including VBA macros, programming languages
- Great desire to learn and willingly transfer knowledge to enable others
- Constantly evaluating process to improve upon them
- Excellent communication and interpersonal skills
- Ability to contribute in a dynamic team environment
- Self-motivated and committed to personal and professional development
- Ability to act independently
- Impeccable integrity
- Prior work experience in SBL Operations, Back or Middle Office Operations, Buy-Ins, or related field supporting US Equities
- Experience handling proprietary trading client and counterparty relationships
- Knowledge of custody and clearing
- Broker Dealer securities industry knowledge and understanding of regulations
- Corporate Actions knowledge both mandatory and voluntary events
- General ledger experience
Benefits
- Flexible hybrid work schedules (generally a minimum of three days per week onsite) with a one-time stipend to help improve hybrid working capabilities
- Generous paid time off, sick days, market-based holiday schedule, sabbatical leave, parental/bonding leave plan and volunteer day off
- Competitive health benefit offerings, including choice of medical plans through BCBS-IL, dental plan, vision and flexible spending accounts
- Complimentary annual membership to One Medical, a dedicated EAP and a benefits concierge service
- Employer paid benefits such as term life, AD&D and disability insurance
- Robust 401(k) Plan with a generous match and vesting schedule
- Annual learning stipend and tuition assistance program to help employees pursue additional education
- Company-issued laptops and a role dependent mobile stipend
- Corporate Divvy memberships and pre-tax commuter benefits
- Monthly wellness subsidy available to be used towards wellness and fitness activities
- Regular, open communication including monthly Town Hall meetings with the Management Team
- A matrixed, culture-based organization with collaborative teams that promote diversity, equity and inclusion
- Free coffee & tea, fresh fruit and snacks, “bagel Wednesday” and monthly treats to celebrate workiversaries and birthdays
- Employee-led committees to bring awareness and inclusive activities to our employees
- Modern open office with a large kitchen/meeting gathering area – including foosball and ping pong tables
- Private, well-equipped Mother’s room
- Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
- Well-maintained building (an architectural “masterpiece”) and a part of Chicago history – with a robust business center, gym, restaurants, café, game room and a shared rooftop terrace with green space
Company Overview
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