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Associate, Core Clearing

Company: E*TRADE
Location: Jersey City
Posted on: June 6, 2021

Job Description:

More than 30 years ago, E*TRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.

In 2020, ETRADE joined Morgan Stanley, signaling a major industry shift that brought Wall Street and Main Street together more than ever before. As ETRADE's parent company, Morgan Stanley plays an important role in expanding what we can offer to investors, though E*TRADE still functions as an independent entity.

This position is in strategic support of Clearing Operations functions, these include but may not be limited to Purchase and Sales, Settlements, Corporate Actions, and Custody Operations. This role will consist of executing manual validation of Core Clearing Operations Processes.

Examples: Validation and QC of Corporate Actions Elections, Dividend Event announcement details, Settlement economics, Trade Cancel/Corrects, etc.

RESPONSIBILITIES

  • Work closely within the team and our vendor to ensure daily processes are completed accurately and in a timely manner.
  • Multitasking across multiple systems and email inboxes
  • Identify and implement areas for process improvement and/or risk controls
  • Act as a first level escalation contact

Minimum prior experience (Type of experience):

  • Undergraduate degree
  • 2+ years experience in Core Clearing or experience in a related position in a high volume dynamic financial institution.
  • Must be familiar with rules and regulations governing Trade Reporting, Possession & Control, Settlement / Fail Control, Corporate Action event processing.
  • In depth knowledge of all security types (equities, fixed income, mutual funds, options) and their associated data elements.

Minimum skills/knowledge (skills and abilities necessary for position):

  • Decision making and critical thinking competencies.
  • Understanding of brokerage middle and back office processing for various Clearing entities (DTCC, NSCC, OCC, Global Settlement platforms).
  • Experience managing the definition and execution of projects
  • Ability to work on multiple initiatives simultaneously
  • Thorough understanding of business process management and workflow
  • Knowledge of DTCC, OCC, Bloomberg
  • Knowledge of Corporate Action events (voluntary & mandatory)

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

#etrade

Keywords: E*TRADE, Jersey City , Associate, Core Clearing, Other , Jersey City, New Jersey

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