POSITION: Securities Lending Associate (10pm – 7 AM EST)

DEPARTMENT: Operations, Recalls

JOB LOCATION: Boston, MA or UK (London)

JOB DESCRIPTION:

The Securities Lending Associate (SLA) will provide direct assistance to eSecLending’s clients and broker/dealer communities in Europe, Asia and North America. This position is responsible for booking sell notifications, 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 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.

RESPONSIBILITIES:

• 10 pm – 7 am working schedule (Hybrid) with requirement to have an office presence for training.
• APAC market support primarily in Taiwan.
• Process and track trade notification from lender’s, investment managers and/or lender’s custodian(s) within established timeframes
• 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 (settlements team, etc)
• Optimize current procedures and processes to greater efficiency

QUALIFICATIONS/REQUIREMENTS:

• BS/BA preferred; preferably in Accounting, Economics, Finance, or related field.
• 2 years related work experience.
• Proficient in MS Office (specifically Word and Outlook)
• Demonstrated success with detail-oriented work.
• Must be capable of managing multiple tasks at the same time without supervision.
• Requires excellent oral and written communication skills.
• Works well in a fast-paced, and deadline driven environment.
• Prior securities lending settlement experience a plus.

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 hr@eseclending.com