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Senior Specialist - Mutual Funds and Unique Assets Job in Cleveland, Ohio US
Monster
 
 
 
 

Job Summary

Company
KeyBank NA
Location
Cleveland, OH
Industries
Government and Military
Job Type
Full Time
Employee
Years of Experience
2+ to 5 Years
Job Reference Code
78290076

Senior Specialist - Mutual Funds and Unique Assets

About the Job

Location:
4900 Tiedeman Road - Brooklyn, Ohio 44144-2302

Training: Will be on-site for 2 months; after training this role will require 2 days in office

Hours: Currently slated to be Monday- Friday from 8:00am-5:00pm; this is subject to change based on the needs of the business. Opportunity for overtime is possible

ABOUT THE JOB

The Mutual Fund Trading Senior Specialist is involved in every aspect of the trading, reconciliation and posting of mutual fund trade orders received from our external and internal clients. This person will participate in some of the more complex trading processes which may include broker/dealer, branch and broker representative issues. Additionally, the resolution of trade rejects and corrections both at the fund company and on the Global Plus custody system are included.

ESSENTIAL JOB FUNCTIONS

Place trades with various mutual fund companies on behalf of trust clients
Post mutual fund trades in the Global Plus custody system
Send/receive wires associated with mutual fund trades
Verification is performed for the initial purchases, large dollar notifications, cancelled trades, money market trades, manual trades and any other special instructions such as distribution options
Responsible for the daily balancing of all cash associated with Mutual Fund trades
Research and resolve any trade rejects on the Global Plus account system
Research and resolve trades that have been rejected by the fund companies to ensure price protection for the trade. Timeliness and accuracy are necessary in order to avoid market exposure.
Handle phone inquiries from the fund companies as to how a particular account will be traded.
Work trade corrections by researching different corrections options with funds and communicating those options to the Line of Business for appropriate resolution
Research and resolve any position outages with the fund companies which were trade related
Communicate timely with fund companies on high dollar trades to ensure the trade date that the client is requesting
Research ability to hold different funds and determine if KeyBank can purchase below minimums dictated with the prospectus.
Assist the LOB in abnormal trading situations. Cleary state the client's objectives to the fund companies.
Communicate issues with the Line of Business using system and industry knowledge to determine the appropriate resolution.
Code new account positions to ensure the receipt of weekly information from the mutual fund companies using the National Securities Clearing Corporation's (NSCC) Networking system.
Participate in the testing of system upgrades and disaster recovery exercises
Create and/or update current procedures as changes occur in the process
Participate in testing of Global Plus Releases and MUPS

REQUIRED QUALIFICATIONS

Four year degree in Business or Finance OR equivalent work experience.
Excellent verbal and written communication skills.
Proven analytical and quantitative ability.
Knowledge of Global Plus system preferred.
Prior experience in trust operations preferred.
Proven experience and success in a team environment.
Proven problem resolution skills.
Excellent organizational skills. Ability to manage multiple priorities.
Proven ability to demonstrate the Key Values.
Ability to learn detailed processes quickly and function independently with limited supervision.
Strong peer leadership skills

COMPENSATION AND BENEFITS

Pay ranges between $22 and $24 per hour, DOE

Please click for a list of benefits for which this position is eligible.

Job Posting Expiration Date: 03/08/2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing .

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
 

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