We offer competitive salaries, a robust benefits package and tremendous room for personal growth in a professional and challenging environment. eSecLending is an equal opportunity employer. Please submit resumes with a cover letter, including salary requirements, to: firstname.lastname@example.org
Securities Lending Associate
Position: Securities Lending Associate
Department: Operations, Recalls
With over 100 employees located in Boston, London and Burlington, VT, eSecLending is an independent leading securities lending agent servicing institutional investors worldwide. The company’s innovative approach has introduced investment management practices to the securities lending industry, offering beneficial owners a compelling alternative to traditional pooled lending programs. eSecLending’s differentiated process facilitates best execution by utilizing a transparent, disciplined and repeatable process to determine its clients’ optimal securities lending strategy. In addition to outperformance, eSecLending’s approach provides clients with greater transparency and control, allowing them to more effectively monitor and mitigate risks. More information about eSecLending can be found at www.eseclending.com.
The Securities Lending Associate (SLA) will provide direct assistance to eSecLending’s clients and broker/dealer communities in the European and North American. This position is responsible for monitoring past due recalls and receipt and issuance of potential buy-in notices. This includes ensuring that all sell and recall processes for exclusive and discretionary securities lending programs are in compliance with established procedures. The SLA will also take loan and return instructions from the brokers and ensure accurate trade bookings internally as well as at the custodian level. Candidate will have considerable interaction with the broker/dealer community and several custodians and will be responsible for following up on settlement of returns, recalls and sells throughout the shift. Candidate will be expected to escalate urgent settlement and buy-in issues to their supervisors in a timely manner. The candidate will need to develop and establish effective positive working relationships both internally and externally to successfully perform the job.
- Process and track trade notification from lender’s, investment managers and/or lender’s custodian(s) within established time-frames
- Ensure the timely and accurate distribution of recall notices to the borrowers Track and monitor open recalls and provide follow up as needed; escalate any sensitive issues with Supervisor
- Ensure daily global operational processes and procedures efficiently and effectively reduce exposure, while providing quality service and compliance with individual lender guidelines and risk parameters
- Develop, maintain and leverage borrower relationships to provide quality services by determining and adapting to the changing requirements of borrowers
- Support other operational business units as needed
- Optimize current procedures and processes to greater efficiency
Seeking a college graduate with a BA/BS in Accounting, Finance, Economics or related field with minimum of two to three years related work experience. Candidates must be detail oriented, have excellent oral and written communication skills, be capable of managing multiple projects simultaneously, work well under tight deadlines and possess good problem solving skills. Candidates should be proficient in MS Office (specifically Word and Outlook) and should have previous experience and/or proficiency in financial markets. Previous securities settlement experience a plus, but not required. Advanced Excel skills required.
We offer competitive salaries, a robust benefits package and tremendous room for personal growth in a professional and challenging environment. eSecLending is an equal opportunity employer. Please submit resume with cover letter, including salary requirement to email@example.com or by fax: (617) 204-4599.