Broker Relationship Manager - (US-CA-Greater Los Angeles)
Broker Relationship Manager - (US-CA-Greater Los Angeles)
Compensation: $100K - $110K / Year
Minimum Education: Bachelors
Job Type: Full Time
Jobcode: WJK10000
Large Bonus!
PAID RELOCATION AVAILABLE!
The job is Broker Relations and it is an individual contributor’s role, reporting to the Head of Investment Support. Cover all products: Corporate’s, Government’s, Derivatives, Mortgages, Foreign Exchange, Municipals, Liquidity. The job is to work with major Brokers and help Mitigate Losses & Fails, making sure the transfer of information is efficient and always addresses process improvement. The role is focused from a Settlements standpoint and essentially continues to measure the Brokers’ performances.
Job Description:
This position serves as the firm’s primary point of contact with Brokers. This position is responsible for managing Broker relationships, resolving complex problems between the firm, brokers, and/or clients, evaluating service levels, and developing recommendations for new services and/or providers.
Responsibilities/Duties:
Cover all products
Corporate, government, derivatives, mortgages, foreign exchange, municipal, liquidity
Meet periodically with major brokers
Provide metrics and measurement through report card
Communicate issues from brokers on feedback to relevant areas
Request and obtain metrics and make recommendations for changes to increase efficiency
v Reverse survey
v Peer Group analysis
Document brokers updates regarding industry solutions they are utilizing or moving towards – Omgeo CTM, etc.
Compare fails volume vs. market
Mortgages
Corporate Bonds
Treasuries
Swaps confirms o/s in the market vs. volume
Work with brokers to ensure adoption of automated interfaces
Alert
ETC adoption and utilization of fix interfaces
Attend broker “round tables” and disseminate information to Securities Operations Management Team
Identify training opportunities at the brokers – attend and document the content, usefulness and attendees. Give feedback to brokers
Utilize FMS database globally to identify trends and areas for analysis with specific brokers
Monitor all interest claims paid
Complete full and detailed analysis of issue and reason for payment
Identify changes required for workflow/systems and document recommended changes to technology/business processes
Participate in all industry related discussions
Become actively involved and document all meetings identifying where company is in line with the market and also where efficiencies can be gained
Manage Z Yen survey
Carry out detailed analysis on results and make recommendations for business based on the survey
Elevate issues to senior management and trading desk when appropriate
Communicate broker status to the trading desk periodically
Build and maintain the Securities Operations Global Settlement Guide based on information from the market on settlement processes in foreign countries
Publish monthly newsletter on market conditions and interesting facts.
competencies:
Five or more years of operations and/or related management experience
Advanced knowledge of many operations functions within the industry
Comprehensive understanding of investment products and securities operations specific to the fixed income industry.
Self driven and proactive
Able to communicate at a senior level
Email resume in Word to thebiggamehunter@cisny.com. Please include the job code for the position with your resume.
NO VISA TRANSFERS. NO OVERSEAS RESUMES. NO 3RD PARTIES.
To receive my free job search ezine, Head Hunt Your Next Job, go to www.jeffaltman.com to subscribe
9 East 37 Street
New York, NY 10016
______________________________________________________________________
This email has been scanned by the MessageLabs Email Security System.
For more information please visit http://www.messagelabs.com/email
______________________________________________________________________
posted by Unknown at 1:15 PM
<< Home