Top-Tier Financial Services Firm in Tampa, Florida is seeking a Director of Stock Loan!!
Responsibilities:
- Supports the Stock Loan trading desk by processing all aspects of Operations and trade support.
- Balances all positions and cash daily and research and reconcile any breaks or discrepancies in a timely manner.
- Reconcile and settle all monthly rebates and fees related to Securities Lending.
- Maintain detailed records of all discrepancies, resolutions, and final payments for audit purposes.
- Instructing trades, confirming settlements, agrees on details of the transactions with counter-parties, investigates failing trades, and covers market exposure with mark to markets.
- Liaise with the trading desk on incoming returns or recalls deciding whether to re-lend or clean up positions to maximize the rebate basis point spread between borrows and loans.
- Liaise with contra brokers to confirm/compare trade details.
- Assist the trading desk by monitoring email requests or phone calls and act promptly to reduce risk of exposure on recalls, buy-ins or failing
Qualifications:
- Must have a high level of experience with Loanet
- Must have sufficient knowledge of the Depository Trust and Clearing Corporation Dashboard.
- Must have sufficient knowledge of OCC Encore application.
- Knowledge of Phase III and fully paid lending program a plus.
- Must be proficient in Microsoft Excel, and Word.
