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Investment/ Universal Banking/ Finance Intern/ Recent Grads can apply

BCForward
Jersey, NJ Intern
POSTED ON 4/21/2025
AVAILABLE BEFORE 5/15/2025

Job Description

Job Description

Operation Ops SpecialistFT Ctrl Rcpt (Hybrid)

Contract : Temp to Permanet

Location : Jersey City, NJ

Pay Rate : $26 / hr on W2

Hybrid Schedule : 2 days in Jersey City office, 3 days of remote work.

Job Description

POSITION SUMMARY

A Fund Transfer Product Processing Specialist is an entry level position responsible for processing various clients' capstock, expenses, and other cash transactions. In addition, the specialist is responsible for cash clearing account reconciliations, cash breaks resolution, Collateral / Alts transactions, and timely inquiry responses.

PRINCIPAL RESPONSIBILITIES

List and describe this position’s key responsibilities in concise, comprehensive statements. Address what the position holder does to achieve the position’s main purpose. Also, check the approximate amount of time spent on each Area of Responsibility. Time should be expressed relative to 100%.

Note : These statements are intended to describe the general nature of the job and are not intended to be an exhaustive list of all responsibilities, skills, and duties.

Area of Responsibility

Key Activities / Elements

1. Client Servicing and Inquiry Response

  • Accurately process clients' cash transactions. These include capstock, expenses, wires, book transfers, expects, and foreign exchange
  • Meet all client deliverables in accordance with Funds Transfer procedures and controls.
  • Research and resolve all client cash inquiries in accordance with Funds Transfer procedures and controls.
  • Ensure timely and accurate responses to internal and external clients.
  • Promptly escalate sensitive / risk issues to management
  • Assist coworkers when needed
  • Process Collateral, Alts, and blocked account transactions

2. Technology / Productivity / Innovation

  • Continually cross-train with other colleagues to assist with coverage during absences.
  • Enhance quality and efficiency by identifying workflow improvements.
  • Efficiently utilize BBH systems and tools / cash products to maximize productivity.
  • 3. Global Custody

  • Keep aware of market changes and impact on cash processes / settlements.
  • Understand and monitor cash restrictions. Monitor queues throughout the day for transactions.
  • Maintain a solid understanding of cash practices and deadlines by market
  • 4. Process Improvement

  • Help to enhance the productivity of the unit
  • Challenge all processes, procedures, and practices. Specialists should question inefficient processes and make recommendations to their supervisor on how to improve the process.
  • Company Description

    About BCforward :

    Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally.

    BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work.

    BCforward is an equal opportunity employer.

    Company Description

    About BCforward : Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally. BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work. BCforward is an equal opportunity employer.

    Salary : $26

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