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Fifth Third Bank · 3 months ago

Institutional Support Representative II

Cincinnati, OH

Full-time

Onsite

Mid Level

3+ years exp

Fifth Third Bank is a leading financial institution that connects great people to great opportunities. The Institutional Support Representative II will support various aspects of Institutional Brokerage Operations, working closely with traders and clients to ensure smooth operational processes and compliance with regulations.

BankingCommercial LendingFinanceFinancial ExchangesFinancial ServicesLendingMedia and EntertainmentMortgage

No H1B

Responsibilities

Serves as front line support between management and other lines of business, including but not limited to Middle Office, Compliance, IT, Trading, Accounting; Fifth Third Securities’ Broker Dealer, National Financial Services/Pershing, and other third-party vendors

Adheres to all pertinent securities laws and regulations as well as established policies and procedures in an ever-changing regulatory environment

Works directly with the line of business, NFS and client custodians to meet contractual DVP/RVP settlement obligations and resolve outstanding trade concerns within regulatory requirements per Regulation T, 15c3, 15C6-1 and 15C6-2 of the Securities Exchange Act of 1934 and any other relevant rules

Monitors and assists line of business with ensuring timely allocation and affirmation of issues ID confirmations

Oversees and administers all operational functions within the Fifth Third Money Market Navigator platform

Accurately codes new brokerage account client relationship profiles for books and record keeping purposes

Performs client CIP checks per AML policy and Beneficial Ownership rules and accurately inputs documentation into both Bank (ACE) and NFS/Pershing systems

Handles all account maintenance, including acting as an intermediary for prime brokerage account coding and requesting the applicable forms

Processes, reviews, and monitors high dollar asset and money movements entered by or enters on behalf of the line of business to ensure accurate and timely completion along with following up with custodian through the point of release

Manages the collateral process for institutional brokerage ensuring paperwork is properly coded on file and obtaining/archiving proper release approval prior to release of funds

Establishes, maintains, and audits firm and individual representative brokerage entitlements for institutional and commercial

Accurately enters trade orders for fixed income, stocks, and mutual funds through the NFS/Pershing platforms on an as needed basis

Processes institutional brokerage trade corrections for equity trades entered through Wealthscape or NetX360

Produces daily reports and monitors account activities for potential concerns related to trade settlement, margin, potential risk exposure, and clearing firm discrepancies for commercial brokerage

Assists in compliance-related issues pertaining to fixed income products, as well as internal/external audits

Provides training and guidance to junior level staff

Perform other duties as assigned

Qualification

Securities Industry Essential (SIE)Series 7Series 63/66Financial Operations experienceBrokerage account experienceBloomberg TOMSFixed income knowledgeEquity trading knowledgeMutual fund trading knowledgeMath skillsMS Office proficiencyConflict resolution skillsProblem solving skillsCritical thinking skillsOrganization skillsVerbal communication skillsWritten communication skills

Required

Undergraduate degree or equivalent experience required

Securities Industry Essential (SIE), Series 7 and 63/66 required

Knowledge of fixed income, equity, and mutual fund trading

Ability to de-escalate high impact situations using conflict resolution skills

Ability to work in a stressful time sensitive environment, meet deadlines with high attention to detail and multi-task with minimal to moderate supervision

Strong problem solving and critical thinking skills in complex situations

Strong math and organization skills

Superior verbal and written communication skills

Proficiency in Word, Excel, and other MS products

Preferred

3+ years of experience in a Financial Operations role preferred

3-5 years of experience working with brokerage accounts preferred

Prior experience with Bloomberg TOMS preferred

Familiar with or having working knowledge of trading systems preferred, including web and mainframe-based systems

Benefits

Comprehensive benefits and differentiated compensation offerings

Eligible to participate in an incentive compensation plan

Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being

Company

Fifth Third Bank

Glassdoor3.7

Fifth Third Bancorp is a financial services company that specializes in small business, retail banking, and investments. It is a sub-organization of Fifth Third Bank.

Founded in 1858

Cincinnati, Ohio, USA

10001+ employees