AllianceBernstein

  • Team Leader

    Location : Location US-TN-Nashville
    ID
    2019-6535
    Category
    Operations & Technology
    Position Type
    Full-Time
  • Company Overview

    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.

     

    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.

     

    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 Nashville TN based Team Leader to join our Custody Services group in Broker / Dealer Operations, with a concentration of responsibilities in Books & Records reconciliations, Depository reconciliations, SEC Rule 15A-6 trade reconciliation and receipt and administration of physical stock certificates.

     

    In addition to the responsibilities above the Custody Services group also provides outsourcing oversight and supervisory control for corporate actions reorganizations, dividend and interest processing, and proxy reconciliation.

    Responsibilities

    • Comparison of designated Broker/Dealer street-side accounts vs. Depository holdings, including reconciliation and/or administration of out of balances and processing of adjusting entries.
    • Reconciliation and/or administration of Books and Records securities out of balances, includes processing of adjusting entries.
    • SEC Rule 15a-6 trade reconciliation. Includes trade date and settlement date reconciliation of client and market side transactions, and the administration of out of balances insuring timely adjusting entries are processed

    Oversight of the following outsourced functions:

    • Mandatory corporate actions processing, includes entitlement processing, collection from Depositories, and trade settlement with other custodians and brokers.
    • Income processing, includes announcement verification, entitlement processing into client accounts, collection from Depositories, settlement with other custodians and Brokers.
    • Comparison of designated Broker/Dealer street-side accounts vs. Depository holdings, including reconciliation and/or administration of out of balances and processing of adjusting entries.
    • Reconciliation and/or administration of Books and Records securities out of balances, includes processing of adjusting entries.
    • SEC Rule 15a-6 trade reconciliation. Includes trade date and settlement date reconciliation of client and market side transactions, and the administration of out of balances insuring timely adjusting entries are processed.
    • Proxy, includes reconciliation of under and over vote tabulations. Vote submission verification and proxy material audit

    On-sight responsibilities:

    • Receipt of physical stock certificates, verification and proper placement of certificates in client accounts.
    • Collection of proper legal documentation to negotiate physical stock certificates.
    • Assist and Aid in lifting 144a restrictions
    • Transfer to Firm name, convert physical certificates to book-entry form, and/or utilize DTC Custody Services.
    • Assist and aid in the transfer of securities through DTC function DWAC and DRS

    What makes this role unique or interesting?
    Will be responsible for the supervision and control of all functions related to handling and processing of physical certificates, reconciliations and Broadridge outsourcing oversight within the Broker Dealer area.

     

    Qualifications

    • The ideal candidate will possess a Bachelor’s Degree.
    • Candidate is currently a team leader or has acted in a lead role with 3+ years of brokerage experience, asset management experience or securities operations experience.
    • Strong Communication, written, and analytical skills.

    Special Knowledge: Experience with DTCC and/or Broadridge applications is a plus.

     

    Location: Nashville, TN, US

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