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Operations


All of our operations jobs in financial services firms are listed within this section.

Unlike the people working in the front office of an investment bank, fund manager or alternative investment house, operational finance professionals don't have direct contact with clients to drive revenues and gain profits for the organization. The operations division exists to support the rest of the business - operations professionals support the other employees and deal flows in the front office to guarantee everything works smoothly so the bank gets paid.

The primary duties of an operations job are clearing and settling trades. Clearing trades is checking that the records one bank has kept of the sale of a financial security match those of the bank or organization that has bought the security. Usually, simple trades are cleared automatically through immense electronic systems such as the Brussels-based Euroclear.

It's the job of settlements professionals to check that stocks or shares bought and sold by the bank's traders are exchanged for the right amount of money. A settlements job is basically a processing and controlling position. They are required to match instructions with counterparties and set up and monitor payments.

Settlements is a wide-ranging job, involving everything from preparing the documentation needed for a sale to checking the bank gets paid for all the shares it has sold and bought. Settlements professionals solve any problems with counterparties and review unsettled trades to speed along completion. For many of these jobs, you'll need knowledge of systems such as CCASS, DCCASS and SWIFT, as well as Euroclear/Clearstream.

Because financial services operations are becoming more automated, most operations jobs only require involvement when electronic systems fail ("exceptions") or developing new, more efficient processes and systems.

Clearing and settlements junior staff includes those who spend much of their time handling the exceptions. Their job is to discover what went wrong. Most simple clearing and settlements work now occurs in more economical centers such as Mumbai or the Philippines.

The position of trade support officer is closer to the trade floor. This position can handle many different asset classes, from equities and bonds to commodities or derivatives. Trade support officers answer any questions a trader could have, including anything from reconciliation problems to discrepancies between the various counterparties involved in a trade.

More advanced operations jobs higher up the career ladder involve much more strategy. Operations departments recruit project managers and business analysts who, for example, work on streamlining the exceptions process or work with off-shore teams to make processes more efficient and cost effective.

Settlements staff are hired in other financial institutions besides banks - as an example, hedge funds settlements professionals check that trades are booked and reported to the prime broker or custodian.

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Showing 1-30 of 671 jobs
Rates Trade Assistant-New York City Huxley US$90000 - US$125000 per annum New York, NY, 10001 09 Feb 12

A top tier international investment bank is seeking an experience trade assistant to join its team here in New...

Intraday Liquidity Associate Prospect 33 $60,000/year with benefits Jersey City, NJ 09 Feb 12

Our client, a major European Investment Bank in Jersey City, is in immediate need of an Intraday Liquidity As...

ALM/Treasury Middle Office P&L BNP Paribas not disclosed New York, NY 09 Feb 12

See job description below

Contract Officer BlackRock not disclosed San Francisco, CA, 94101 08 Feb 12

See job description below

Director, Contract Management & Operations The McGraw-Hill Companies not disclosed New York, NY 08 Feb 12

See job description below

Senior Product Tax Specialist eSecLending Competative Boston, MA, 02110 08 Feb 12

Primarily responsible for performing tax related due diligence for new products, new markets, ensuring the com...

Senior Operations and Compliance Specialist Not Disclosed Commensurate with experience – including... New York, NY, 10036 08 Feb 12

The Senior Operations and Compliance Specialist will perform various tasks related to international investment...

Equity Sponsor Relationship Manager II PNC Annual New York, NY 08 Feb 12

PNC is a Fortune 500 financial services company.

Senior Business Analyst TIAA-CREF Annually San Mateo, CA, 94401 08 Feb 12

Senior Business Analyst

Brokerage Operations Manager TIAA-CREF FTE Arvada, CO, 80002 08 Feb 12

Borkerage Operation Manager

Sales Reporting Lead, Distribution Svcs TIAA-CREF annual Charlotte, NC, 28201 08 Feb 12

Sales Reporting Analyst

Brokerage Operations Analyst TIAA-CREF annual Arvada, CO, 80002 08 Feb 12

Brokerage Operations Analyst

Regional Facilities Manager TIAA-CREF annual New York, NY, 10001 08 Feb 12

Regional Facilities Manager

Sr Sourcing Manager TIAA-CREF annual Charlotte, NC, 28201 08 Feb 12

Senior Sourcing Manager

Business Sourcing Manager TIAA-CREF annual Charlotte, NC, 28201 08 Feb 12

Business Sourcing Manager

Financial Data Quality Control Moody's Corporation Annual San Francisco, CA, 94101 08 Feb 12

DepartmentFinancial Data Quality Control Analyst:As an analyst with the Financial Data Quality Control team, y...

Buyside Derivatives Confirmation Associate Ashton Lane Group, Inc Excellent Base & Bonus Boston, MA 08 Feb 12

Providing operational support within a large alternative investment firm

Director OTC Derivatives Compliance Ashton Lane Group, Inc Excellent Base & Bonus New York, NY, 10001 08 Feb 12

Oversee compliance audits, financial analysis, investigations and surveillance within a financial services reg...

Junior Project Manager/Administrative Assistant International Market Recruiters $30-$35/hr Manhattan, NY, 10018 07 Feb 12

International Market Recruiters, IMR, specializes in permanent and consultative placements exclusively in the ...

Needham Investment Bank - Corporate Services Associate Needham & Company, LLC competitive New York City, NY 07 Feb 12

Needham & Company, LLC, a full service investment banking Firm has an immediate need for an entry-level admini...

Analyst, Private Equity Portfolio Operations Highland Capital Management, L.P. Competitive Dallas, TX, 75240 07 Feb 12

The firm is seeking bright, hard-working Analyst (not Director) candidates to work on an in-house team focused...

Project Director - SVP Citi Competitive base + discretionary bonus Wilmington, DE 07 Feb 12

The Global TTS Operations Governance Group provides support across the TTS Operations, Controls, Policy and Qu...

AVP - Manager Corporate Actions Citi Competitive Salary / Bonus Eligible Columbus, OH, 43219 07 Feb 12

Oversee the daily production process for corporate action functions, ensuring satisfactory completion of the d...

Vendor Management: - SVP Citi Competitive base + bonus New York, NY 07 Feb 12

The SVP, Vendor Management & Controls, is responsible for leading a team in the management and oversight of th...

Client Data Change Lead Not Disclosed Competitive Stamford, CT, 06901 07 Feb 12

The Data organisation within the Investment Bank is a critical enabler to the various business and logistics f...

Americas Head of Onboarding UBS AG - Investment Bank Competitive Stamford, CT, 06901 07 Feb 12

The Americas Head of Onboarding will be responsible for managing the Front to Back (F2B) Onboarding process in...

Senior Operations Risk Analyst UBS AG - Investment Bank Based on Experience Stamford, CT, 06901 07 Feb 12

The role is responsible for analyzing, monitoring, measuring and reporting on Operational risk for Operations....

Instrument Data Change the Bank Project Manager UBS AG - Investment Bank Competitive Stamford, CT, 06901 07 Feb 12

The Change Team is responsible for managing CTB (Change the Bank) projects within IB Operations. This role is ...

Securities Middle Office Change Business Analyst UBS AG - Investment Bank Competitive Stamford, CT, 06901 07 Feb 12

The Securities Middle Office Change team is responsible for the delivery of projects within the Securities Mid...

Operations Specialist Not Disclosed Competitive Newark, DE 07 Feb 12

Broker -Dealer seeking experienced Mortgage-Backed Securities operations specialist.

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