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Operations Analyst / Specialist
TD Bank
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Hours
40
TD Description
TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients. The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore and Tokyo. www.td.com
Department Overview
TD Prime Services LLC is a self-clearing organization in North America. We maintain custody networks globally, allowing us to clear and custody securities in various markets around the world. In addition to holding client assets, our platform supports multi-currencies and custody services including dividend and interest collection and payment, notification of proxy related information and processing of all corporate action activities.
Job Description
The Cost Basis operations analyst will possess in depth knowledge of advanced cost basis concepts and have 5+ years of experience in this area as it relates to Prime Brokerage, broker-dealer or custody operations.
The Cost Basis operations analyst will be expected to represent the larger operational unit on all functions of the cost basis function including but not limited to: ACAT account transfers, CBRS, cross system information transfer, resolving reconciliation breaks and high level reporting of open items. A working knowledge of the Maxit cost basis engine and Phase 3 accounting system will be required for success in this role.
The analyst will also work heavily with Wall Street Concepts and Compliance Plus for daily reconciliation and also end of year reporting of requisite 1099 forms. The Cost Basis analyst will work very closely with the Tax Operations manager to communicate the operational objectives of the Prime Services team and vice versa.
Understanding of advanced tax withholding implications in regards to equity, bond and derivative securities is required.
The analyst will be the primary liaison between Tax Ops and Asset Servicing in regards to communicating workflows, cross functional responsibilities and enhancements which will directly or indirectly affect the daily operation in Prime Services. Ad-hoc projects will be given as functional experience and operational need dictate. This role will include functional training in Asset Servicing in the realm of corporate actions and dividend/income events and their tax/withholding ramifications. The Cost Basis analyst will serve as a back-up to the lead Asset Servicing analyst for all daily functions and be expected to add value in the area of process improvement.
The role will also comprise of being a subject matter lead on ad hoc projects as they relate to cost basis or cross functional process/system enhancements. An expectation will be identifying best practice and securing both resources and tools for implementation.
Job Requirements
The analyst will display an advanced knowledge of the TD processing environment including: trade/settlement cycle, and software or hardware products used in the daily operation. The analyst will have a firm understanding of the risk environment of which TD operates and display an ability to exercise sound judgment in decision making in this regard.
Highly developed interpersonal and communication skills to effectively engage and work with senior management is required.
The successful individual will be a results driven self-starter that can work with a high degree of autonomy and ensure a balance between customer expectation and delivery of superior results in both the short and long term.
Result expectations for the successful individual will relate directly to the three areas described below:
• Innovation – To provide specialist knowledge as a SME in areas where a competitive advantage can be obtained. To champion specific technology offerings available both internal through cross functional leverage of technology across multiple business lines and/or external resources provided by 3rd party vendors which may increase TD’s functional offerings.
• Supporting best practice – To keep up to date with SME business relevant developments within the appropriate specialist areas within cost basis and the overall tax flow work stream. Provide experienced, in-depth tactical elements to procedural workflow and overall process improvement.
• Identifying new market spaces – To develop, manage and maintain relationships/networks which may provide opportunity for introduction into new spaces or products.
Inclusiveness
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.