Transaction Management Ops Analyst

of assets into and out of accounts. Key responsibilities include reconciliation, settlement, and trade and transfer support, and providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures. Job expectations include handling in operational processes which may carry medium to high levels of monetary risk and assisting in training less experienced team members.

Responsibilities:

• Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures

• Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service

• Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions

• Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational units

Skills:

• Attention to Detail

• Customer and Client Focus

• Oral Communications

• Prioritization

• Problem Solving

• Account Management

• Analytical Thinking

• Coaching

• Written Communications

• Mentoring

• Research

• Result Orientation

Business Description:

The Investment and Monetary Controls Teams play a significant role within Global Wealth & Investment Management and Private Bank. Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping. Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients. We focus on minimizing risk and promoting a positive Client experience. Teams interface daily with Financial Advisors, Investment Managers and Internal and External Business partners to provide all manners of operational support for Merrill Lynch and Private Bank accounts.

Opportunities exist for team members to develop leadership, project management and technological skills. We offer excellent career development opportunities to foster skills and talent.

The Balancing and Reconciliation Department's responsibilities include but are not limited to the following:

• Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions

• Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis

• Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments

• Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for U.S. Trust and Merrill Lynch Clients

• Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups

• Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually.

The duties of this particular role include, but are not limited to:

• Monitor and analyze daily outages due to discrepancies for trades, corporate actions and non-trade transactions

• Make sure that Department standards are met and that updates are provided to management through either immediate communication and/or weekly highlights.

• Assist with updates to procedural documentation / process maps, and participate in system testing as needed.

• Participate in internal and Third Party audits

• Manage risk by identifying and escalating items appropriately

• Lead projects and special assignments as needed.

• A subject matter expert in break analysis and ability to assist with the resolution of daily outages

• Collaborative mindset with an ability to partner with internal/external partners to find resolution for inquiries

• Intellectually curious with a mindset focused on deep understanding of business processes supported

• Provide training and guidance to junior team members where necessary

Required Skills:

• Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met

• General knowledge of accounting and financial reporting

• Capability to think analytically and apply skill set to manage reconciliations

• Ability to handle multiple deliverables for either daily processing and/or expanded strategic initiatives

• Must have excellent written and verbal communication skills

• Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes

• Demonstrates attention to detail

• An understanding of technology and the ability to incorporate that understanding into process improvements

• Ability to work independently while effectively managing and finding resolution to complex situations

• Intellectually curious with a mindset focused on deep understanding of business processes supported

• 2-3 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support

• Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting

Shift:
1st shift (United States of America)

Hours Per Week:
40

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