Custody Clerk

Custody Clerk Overview

• The Custody Clerk role offers a dynamic opportunity to manage securities processing, including DTC, FRB, and ACATS transactions.
• Collaborate within a hybrid work environment to ensure accurate asset movements and reconciliation.
• Contribute to a fast-paced team handling high transaction volumes with precision and efficiency.
• Engage with internal departments and external custodial systems to support seamless operations.
• Leverage your analytical skills to identify and resolve discrepancies in securities processing.
• Utilize advanced systems knowledge, including Microsoft Suite and trust accounting systems, to optimize workflows.
• Develop expertise in corporate actions, income processing, settlements, and reconciliations.
• Enhance your career in financial services with opportunities for learning and growth.

Custody Clerk Key Responsibilities & Duties

• Process and verify securities movements, ensuring compliance with industry standards and internal protocols.
• Research and resolve discrepancies in securities transactions, collaborating with team members effectively.
• Manage updates to non-marketable asset values and physical securities documentation.
• Coordinate DRS/DWAC processing and third-party mutual fund transactions via NSCC.
• Interact with transfer agents to facilitate asset movements and position reconciliations.
• Support income payment processing and ensure timely settlements.
• Recognize and escalate risks associated with asset movements to management.
• Utilize internal and external trading applications to streamline securities operations.
• Maintain superior organizational skills to manage multiple tasks efficiently.

Custody Clerk Job Requirements

• Bachelor of Arts (BA) degree with a focus on financial services or related field.
• Minimum 2 years of experience in securities operations; 10 years preferred.
• Proficiency in Microsoft Suite, trust accounting systems, and custodial bank systems.
• Knowledge of corporate actions, income processing, settlements, and reconciliations.
• Strong analytical and critical thinking skills to resolve complex issues.
• Ability to work in a hybrid environment and adapt to fast-paced operations.
• Excellent written and verbal communication skills for effective collaboration.
• Motivated self-starter with a results-driven approach to tasks.
• Willingness to learn and utilize internal and third-party applications.