AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
OPS Group Description:
Broker Dealer Operations is responsible for the support of the global Sell Trading and US custody of AB’s Private Client business. The broker dealer is a registered subsidiary entity in multiple countries with multiple exchange memberships which operates across 45+ markets. For each regional location, a broker dealer operations support team is in place to support local activity but works within the global support framework to provide the highest quality of service to internal and external global client base. Since 2012 the operational functions have been outsourced to a major industry provider leaving a global team of 33 highly skilled individuals in broker dealer processing and regulations to provide the necessary oversight for the daily activity. The global team supports a global sell side business with yearly revenues of approximately $400mm and nearly $90B in private client assets.
OPS Job Description:
We are seeking a P&S securities clearance specialist to join our US Broker Dealer Operations Team in Nashville, TN. The department’s primary responsibilities include US securities settlements via DTCC, NSCC and FEDWIRE. Additionally, the individual is expected to perform daily review of reporting and controls performed by our outsourced team with oversight of related outsourced services.
Describe the role:
The key job responsibilities include, but not limited to:
AllianceBernstein is an equal opportunity employer. We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.
Oversight of the following outsourced functions:
What makes this role unique or interesting?
The individual will have an opportunity to learn all areas of Broker Dealer Operations as management is committed to extensive cross training within the area as skills are developed in assigned responsibilities. Additionally, the individual will have the opportunity to provide extraordinary client service to improve the overall customer experience
Skills: Strong Communication oral and written, high proficient analytical skills
Special Knowledge: Understanding of US equity settlements along with industry utilities DTCC and/or Broadridge applications is a plus.
Location: Nashville, TN, US